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    509 Mckellips Rd Mesa, AZ 85201

    For Sale
    $1,250,000

    Prime 2-acre commercial lot, ideal for redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 86,074 square foot lot, located in North Mesa, Arizona (APN 135-09-005R), presents a rare opportunity for commercial development. Currently configured as a contractor's yard, the property boasts a pre-existing tool shed, secure gated entry, and a complete block fence surrounding the finished grade lot. Its strategic location at 509 W McKellips Rd, Mesa, AZ 85201, offers excellent visibility and accessibility. Situated southwest of the intersection of Country Club Drive and McKellips Road, the property benefits from high traffic counts of 54,322 vehicles per day at this nearby intersection. Furthermore, its proximity to Loop 202 (Red Mountain Freeway), just a quarter-mile away, ensures convenient access to major transportation arteries. The property is zoned LC - Limited Commercial, and the west driveway provides convenient access via an easement with Quick Trip. The high traffic volume and prominent location along McKellips Road present significant potential for signage and visibility, making this a truly unique investment opportunity in the central East Valley. This two-acre parcel offers substantial potential for a variety of commercial uses, making it an attractive proposition for discerning investors and developers.

    Property Features for 509 Mckellips Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8425475
    Latitude
    33.4499306

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial lot, ideal for redevelopment.
    Where is this land located?
    The property is located at 509 Mckellips Rd Mesa, AZ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (480) 610-2400
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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
    509 Mckellips Rd Mesa, AZ 85201
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