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Property profile & analytics
FOR LEASE
Strip malls

1240 W Southern Ave Mesa, AZ 85202

15,537 SF 0.73 ac lot Built 1979
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-0039565
Property summary
AI-generated overview

Fiesta Village, located at 1240 W Southern Ave in Mesa, Arizona (zip code 85202), presents a prime retail opportunity within a vibrant strip center. This 15,537 square foot property sits on a sizable 31,742 square foot lot in Maricopa County. Currently, there are multiple spaces available, offering flexibility for various retail businesses. Individual spaces range from a minimum of 2,550 square feet to a maximum contiguous space of 3,702 square feet. A significant 6,252 square feet of space is currently vacant, providing an excellent opportunity for expansion or new tenancy. The center enjoys a convenient location off US-60 at Alma School Road, ensuring high visibility and accessibility for customers. This property is ideal for businesses seeking a well-established location with ample space and strong potential for growth. The property's strategic location and available space make it an attractive investment for retailers looking to establish or expand their presence in the thriving Mesa market. Serious inquiries are encouraged to explore the possibilities of this exceptional retail opportunity. Contact us to schedule a viewing and discuss your business needs.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Construction CONCRETE
Total area 15,537 SF
Lot 0.73 ac (31,742 SF)
Zoning code LC
APN 134-28-378E
UPID US07-0039565
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kidtastic Pediatric Dental and Orthodontics - Mesa Dental Office
  • Nationwide Vision Ophthalmologist Optician
  • L & G Fiesta Medical Clinic
  • Dr. Arman Parsa Dental Office
  • Dr. Todd Butler Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gm Elped LLC · 2 yrs held
Gm Elped LLC
since 2023
Last sale
$520,000
7 recorded transactions
2023
$520,000
2021
Price N/A
2015
$675,000
2007
Price N/A
2006
$3.5M
2006
Price N/A
2006
Price N/A
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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