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    303 Southern Ave Mesa, AZ 85210

    Sponsored
    For Sale
    $11,000,000

    Two buildings, ideal owner-user. High-demand location.

    Property size:
    73,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property in Mesa, Arizona, presents a compelling investment opportunity. Located at 303 W Southern Ave, this Class B complex comprises two 36,500 square foot buildings totaling 73,500 square feet on a 4.52-acre lot. Priced below replacement cost, this property offers significant value. Seventy-five percent of the space will be vacant upon closing, providing immediate occupancy for an owner-user. Alternatively, the property is currently configured for one to three tenants, allowing for a blend of owner-occupancy and leasing income. Building A features approximately 3,500 square feet of renovated office space (2019), 18-foot clear height, five 16'x12' grade-level loading doors, fire sprinklers, and 3-phase 400-amp power. Building B offers seven 16'x12' grade-level loading doors, 19-22-foot clear height, fire sprinklers, and single-phase 200-amp power. A portion of Building B (18,000 SF) is currently leased through April 2025, providing short-term income. The property boasts a large, fenced, and secured 1.64-acre yard, twelve oversized (16'x12') drive-through loading doors, and excellent freeway access with frontage on Southern Avenue. Light industrial zoning allows for diverse uses. This property is perfect for owner-users seeking to expand or consolidate operations, or investors looking for a strong value-add opportunity in a prime location. The asking price is $11,000,000.

    Property Features for 303 Southern Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    73,500 SF
    Class
    B
    Lot Size
    196,891 SF

    Building Details

    Buildings
    2

    HighLights

    • 73,500 SF industrial property on 4.52 acres in Mesa, AZ, priced below replacement cost.
    • Owner‑user opportunity; occupy the entire property or a portion and lease the remainder.
    • Currently configured for 1‑3 tenants.
    • Two buildings share a common drive leading to a 1.64‑acre secured yard.
    • Twelve oversized (16'x12') grade‑level drive‑through loading doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Cell Phone Store Acceptance Insurance Auto Insurance Agency Cje Salon of Beauty Beauty Salon Go Mini's Mover SuperPawn Pawn Shop

    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
    -111.83815505885
    Latitude
    33.393395184081

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    FAQs

    What type of property is this?
    Distribution property - Two buildings, ideal owner-user. High-demand location.
    Where is this distribution property located?
    The property is located at 303 Southern Ave Mesa, AZ.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: 73,500 SF industrial property on 4.52 acres in Mesa, AZ, priced below replacement cost.; Owner-user opportunity; occupy the entire property or a portion and lease the remainder.; Currently configured for 1-3 tenants.
    Request Owner's contact information
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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
    303 Southern Ave Mesa, AZ 85210
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