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    903-933 Main St Mesa, AZ 85203

    Sponsored
    For Sale
    $4,200,000

    Prime Mesa retail, redevelopment potential.

    Property size:
    31,961 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 31,961 square foot multi-tenant retail plaza in Mesa, Arizona, is offered at $4,200,000, representing a 2.98% cap rate and a price per square foot of $131. Currently 68% occupied, the property sits on a 2.16-acre lot (94,324 square feet) with a land value of $44 per square foot. The property features 11-foot clear height ceilings, 100% HVAC, front and rear doors, and ample front and rear yard areas. Zoned LC, City of Mesa, permitted uses include maintenance and repair services, minor auto repair, commercial recreation, general market, large commercial development, retail sales, tattoo parlors, indoor collection facilities, and other retail and office uses. The property's location on Main Street offers light rail frontage and is situated within a designated Opportunity Zone, near the burgeoning Downtown Mesa City Center, making it highly attractive for redevelopment. Approximately 7,300 square feet of vacant space presents an opportunity for an owner-user or lease renegotiation. With minor improvements, such as adding roll-up doors, the property could easily be converted into a multi-tenant small bay warehouse facility. The property boasts a strong location within a 5-mile radius encompassing a population of 532,321 and 147,341 housing units. The existing tenant mix is excellent. The APN is 138-18-066C, 068A.

    Property Features for 903-933 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    31,961 SF
    Lot Size
    94,090 SF

    HighLights

    • 31,961 SF multi‑tenant retail plaza in Mesa, AZ.
    • Excellent tenant mix.
    • Light rail frontage.
    • 2.16‑acre lot (94,324 SF).
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8118408
    Latitude
    33.4146771

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    FAQs

    What type of property is this?
    Individual retail property - Prime Mesa retail, redevelopment potential.
    Where is this individual retail property located?
    The property is located at 903-933 Main St Mesa, AZ.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: 31,961 SF multi-tenant retail plaza in Mesa, AZ.; Excellent tenant mix.; Light rail frontage.
    (480) 214-1103
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    903-933 Main St Mesa, AZ 85203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    903-933 Main St Mesa, AZ 85203
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