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    1902 Main St Mesa, AZ 85203

    Sponsored
    For Sale
    $7,995,000

    Prime Mesa location, multi-use potential.

    Property size:
    57,839 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional redevelopment opportunity encompasses six parcels totaling 1.34 to 1.66 acres situated at the high-traffic intersection of East Main Street and North Gilbert Road in Mesa, Arizona. The property features a combined 419,240 square feet of net rentable space, with existing structures totaling 57,839 to 288,545 square feet, built in 1975. The site benefits from a C-3 zoning designation, allowing for a wide range of development options, including multifamily, office, medical, or mixed-use projects. The land value is $142.52 per square foot. The property's prime location offers excellent visibility and accessibility, with proximity to the Valley Metro Light Rail. This presents a unique chance to capitalize on Mesa's growth and create a thriving development in a vibrant, established area. The individual parcel numbers are 138-04-001Q, 138-04-001M, and 138-04-001L. The asking price for this significant investment is $7,995,000. This is a rare opportunity to acquire a large, strategically located parcel in a rapidly developing area of Mesa.

    Property Features for 1902 Main St

    General Information

    Property type
    Medical offices
    Square Feet
    57,839 SF
    Lot Size
    58,370 SF

    Building Details

    Year Built
    1975

    HighLights

    • High‑visibility Main Street and Gilbert Road frontage.
    • Prime location in central Mesa.
    • Excellent accessibility via the adjacent Valley Metro Light Rail.
    • 1902 E Main Street, Parcel Number 138‑04‑001C, 58,570 SF lot (1.34 acres).
    • 1928 E Main Street, Parcel Number 138‑04‑001M, 72,125 SF lot (1.66 acres).
    • 1936 E Main Street, Parcel Number 138‑04‑001L, 288,545 SF lot (6.62 acres).
    Property Profile Location Intelligence

    Current Use by Public Records

    Safeway Bakery Bakery Safeway Grocery Store Coinstar Kiosk | Bitcoin ... Atm Volta Charging Station Electric Vehicle Charging Station Coinstar Kiosk - Bitcoin ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -111.79011943
    Latitude
    33.41545032

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    FAQs

    What type of property is this?
    Medical office - Prime Mesa location, multi-use potential.
    Where is this medical office located?
    The property is located at 1902 Main St Mesa, AZ.
    What is the asking price?
    The asking price for this property is $7,995,000.
    What are key features of this property?
    This property features: High-visibility Main Street and Gilbert Road frontage.; Prime location in central Mesa.; Excellent accessibility via the adjacent Valley Metro Light Rail.
    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
    1902 Main St Mesa, AZ 85203
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