131 1st St Mesa, AZ 85201-6602
This exceptional two-story office building, located at 131 W 1st Street in the heart of Downtown Mesa, Arizona, presents a unique owner/user opportunity. The 3,579 square foot building sits on an 8,250 square foot lot and is zoned for Downtown Mesa use. The property boasts 16 parking spaces, providing ample convenience for employees and clients. Currently, the building is fully furnished and offers a flexible layout suitable for a variety of office users. The first floor is easily divisible into two separate suites, presenting a potential for additional income streams. The second floor is currently occupied by a month-to-month tenant generating $1,600 in monthly rental income. This provides immediate cash flow for the new owner. Building signage is available, offering excellent visibility and branding opportunities. The asking price for this turnkey operation is $950,000. This property represents a compelling investment opportunity in a thriving downtown area, combining immediate income with significant potential for future growth and expansion. The property's prime location and versatile design make it an ideal choice for businesses seeking a prominent presence in Downtown Mesa.
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Idea Source Inc Marketing & Advertising
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V 7 Investments Llc Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-DT · Mesa, AZMesa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.