Main St And Ctr St Mesa, AZ 85210
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 Main St And Ctr St
- Property type
- Apartment buildings
Description
This exceptional 180,746 square foot development site, located at the intersection of Main Street and Country Club in Mesa, Arizona (zip code 85210), presents a compelling opportunity for multifamily development. The property boasts a highly visible location with approximately 50,000 vehicles passing daily (ADOT 2022 data), ensuring maximum exposure. Its strategic placement adjacent to the Mesa light rail station makes it ideal for a transit-oriented development, catering to the growing demand for walkable, commuter-friendly communities. Zoned for mixed-use/high-density residential, this site is ready for immediate development. The asking price is $115,000,000. The property is situated within an Opportunity Zone, offering significant tax advantages for investors. The site is planned for approximately 423 units, capitalizing on Mesa's robust rental market and rapid growth. Flexible investment options are available, including outright purchase or a development partnership. This is a unique chance to acquire a premier development site in one of the most sought-after areas of the East Valley. Existing entitlements streamline the development process.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.831
- Latitude
- 33.415
