224 Mesa Dr Mesa, AZ 85210
- Commercial real estate
- 0.15 lot acres
Current Use by Public Records
- Peters Organic World / Garden / Garden Center
- W F Tenants Improvement / Contractor
Property Details for 224 Mesa Dr
- Year built
- 1935
- Lot size
- 0.15 lot acres
- Property type
- Commercial real estate
Description
This exceptional property at 224 S Mesa Drive, Mesa, Arizona, presents a unique investment opportunity in a thriving urban renewal zone. Situated on a 0.15-acre lot, this recently remodeled historic building offers unparalleled flexibility and high visibility along Mesa Drive. The expansive 60x30 yard provides ample space, ideal for parking, which could generate additional rental income. A significant advantage is the convenient pull-through driveway, accessible from both Mesa Drive and Pomeroy, enhancing operational efficiency. The property includes a basement, providing valuable extra storage space. Importantly, there are no HOA fees associated with this property. Currently configured as a residential duplex, the building's zoning (DB-1) allows for diverse uses, including commercial, office space, continued duplex rental, or even a live-work arrangement. The interior can be easily adapted to accommodate 4-5 offices, multiple storage rooms, or file areas, catering to a wide range of business needs. Its strategic location near downtown Mesa and the new ASU campus ensures high demand and increased foot traffic, making it an attractive proposition for contractors, landscapers, or small business owners seeking a prominent presence in a rapidly developing area. The property's versatility, combined with its prime location and absence of HOA fees, makes it an exceptional investment with significant potential for growth and return. The asking price is $495,000.
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
- -111.8233
- Latitude
- 33.40982
