2807 North Power Rd, Mesa, AZ 85215
- Drug stores
- 11,415 SF
- 1.85 lot acres
Current Use by Public Records
- MoneyGram / Bank / Credit Union
- Coinhub Bitcoin ATM Teller / Atm
Property Details for 2807 North Power Rd
- Year built
- 2004
- Construction
- CONCRETE
- Lot size
- 1.85 lot acres
- Zone code
- LC
- Property type
- Drug stores
- APN
- 219-19-739
- APU
- 21919739
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 29, 2018 | — | Eck 47 Mcdowell Power LLC | — | Deed · related | $4.3M · Bankunited Fsb |
| — | — | Eck 47 Mcdowell Power LLC | — | Deed Of Trust · related | $4.3M · Bankunited Fsb |
| — | — | Eck 47 Mcdowell Power LLC | — | Loan Modification · related | $3.4M · Guggenheim Life & Annuity Co |
| — | — | Eck 47 Mcdowell Power LLC | — | Loan Modification · related | $4.3M · Bankunited Fsb |
| — | — | Eck 47 Mcdowell Power LLC | — | Deed Of Trust · related | $3.4M · Industrial Alliance Pacific In |
Description
This vacant 11,415-square-foot retail building, formerly a CVS Pharmacy, presents a unique investment opportunity in Mesa, Arizona. Situated on a prominent 1.85-acre northeast corner lot at the intersection of Power Road and McDowell Road, this freestanding building benefits from exceptional visibility and high traffic counts. Its strategic location offers easy access to the Loop 202 freeway, ensuring convenient access for customers. The property includes 55 parking spaces and a convenient drive-thru on the south side, catering to diverse customer needs. The building's layout is typical of a large pharmacy/department store, offering ample space for various retail uses. The property boasts excellent co-tenancy with established businesses such as Albertsons, Bashas, Big 5 Sporting Goods, Starbucks, and Goodwill, creating a strong retail synergy. Located within the affluent North Mesa trade area, this property is surrounded by several upscale master-planned communities, guaranteeing a high-income demographic. This presents a compelling opportunity for a savvy investor or retailer seeking a well-positioned space in a thriving market. The property is vacant and ready for immediate occupancy.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,875,000
- AI Estimate
- $4,868,000
Market price range: $1.38M - $5.28MMarket price range: $1.38M - $5.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,990,000 Current use
- COMMERCIAL (GENERAL)
- $7,325,000 Change: +145% Conversion: Easy
- RESTAURANT
- $7,305,000 Change: +144% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,030,000 Change: +68% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,555,000 Change: +19% Conversion: Moderate
- MEDICAL BUILDING
- $2,990,000 Change: -0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.683
- Latitude
- 33.4669
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
