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    223 Brown Rd Mesa, AZ 85201-3507
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    Property profile & analytics

    223 Brown Rd, Mesa, AZ 85201-3507

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    • Turn key restaurants
    • 4,723 SF
    • 1.84 lot acres
    Off-Market
    Property ID
    US07-1028129
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,365,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coin Cloud Bitcoin ATM / Atm / Currency Exchange Service
    • BITCOIN ATM DVG / Atm
    • Maya New York Pizza Bar & Grill / Restaurant

    Property Details for 223 Brown Rd

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    1.84 lot acres
    Zone code
    C-C
    Property type
    Turn key restaurants
    APN
    137-19-692A
    APU
    13719692A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 6, 1998 $640,000 Fitch/nesbitt Family LP Wells Fargo Bank Grant Deed —

    Description

    This 4,950-square-foot, single-tenant restaurant space in Mesa, Arizona, is available for lease. Located at 223 E Brown Rd, near Mesa Drive & Brown Road, this turnkey opportunity boasts a prime location in a densely populated area with a 3-mile daytime population of 166,359 and average household incomes of $75,575. The property features a drive-thru, ample parking, and prominent monument signage opportunities. Benefiting from co-tenancy with established brands like Food City Grocery and CVS Pharmacy, this location ensures high visibility and consistent traffic. The building, situated on a 1.835-acre lot (79,933 sq ft), was renovated in 2000 and is zoned LC (City of Mesa). The property includes a fully equipped kitchen and is ideal for a variety of restaurant concepts. Flexible lease terms and tenant improvement allowances are available. This is a first-class opportunity to establish or relocate your restaurant business in a thriving East Valley submarket, specifically in the Downtown Mesa cluster. The property's APN is 137-19-692A. The single-story building offers exceptional accessibility and convenience for customers.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,417,000
      Market price range: $1.25M - $5.59M
      AI Estimate
      $2,310,000
      Market price range: $1.19M - $5.59M
    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,025,000
      Current use
      COMMERCIAL (GENERAL)
      $2,895,000
      Change: -4% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.826
    Latitude
    33.4344
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,424
    $0.00
    $0.00
    $260,271
    -
    $830,700
    $746,700
    $1,577,400
    More about this property
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