303 Southern Ave, Mesa, AZ 85210-5381

Property Details for 303 Southern Ave

Year built

1986

Construction

CONCRETE

Lot size

5.34 lot acres

Zone code

LC

Property type

Strip malls

Property subtype

Shopping centers

APN

139-48-297D

APU

13948297D

Description

This exceptional industrial property in Mesa, Arizona, presents a compelling investment opportunity. Located at 303 W Southern Ave, this Class B complex comprises two 36,500 square foot buildings totaling 73,500 square feet on a 4.52-acre lot. Priced below replacement cost, this property offers significant value. Seventy-five percent of the space will be vacant upon closing, providing immediate occupancy for an owner-user. Alternatively, the property is currently configured for one to three tenants, allowing for a blend of owner-occupancy and leasing income. Building A features approximately 3,500 square feet of renovated office space (2019), 18-foot clear height, five 16'x12' grade-level loading doors, fire sprinklers, and 3-phase 400-amp power. Building B offers seven 16'x12' grade-level loading doors, 19-22-foot clear height, fire sprinklers, and single-phase 200-amp power. A portion of Building B (18,000 SF) is currently leased through April 2025, providing short-term income. The property boasts a large, fenced, and secured 1.64-acre yard, twelve oversized (16'x12') drive-through loading doors, and excellent freeway access with frontage on Southern Avenue. Light industrial zoning allows for diverse uses. This property is perfect for owner-users seeking to expand or consolidate operations, or investors looking for a strong value-add opportunity in a prime location. The asking price is $11,000,000.

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Longitude

-111.824

Latitude

33.3924

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments