Property profile

3105 Main St Mesa, AZ 85213

OFF-MARKET
Warehouses
Property ID
US07-3333723
7,968 SF 0.78 ac lot Built 1999
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.78-acre commercial lot presents a unique investment opportunity in the thriving city of Mesa, Arizona. Located at 3105 E MAIN Street, this property boasts a highly desirable location within a dynamic and expanding commercial sector. The expansive lot offers significant potential for a variety of development projects, catering to the growing needs of the community. Its size provides ample space for construction, allowing for flexibility in design and functionality. The address, 3105 E MAIN Street, ensures excellent visibility and accessibility, attracting potential customers and clients. Mesa's robust economy and strategic location within the greater Phoenix metropolitan area contribute to the property's high investment value. This is an exceptional chance to acquire a substantial piece of land in a prime commercial area, poised for significant future growth and return on investment. The property is offered at $2,300,000, reflecting its prime location and development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures allows for complete design freedom, making it an attractive proposition for developers seeking a blank canvas to create a tailored commercial project. The 0.78-acre size provides ample space for a variety of commercial ventures, from retail spaces to office buildings, or even a mixed-use development. This is a rare opportunity to secure a substantial commercial lot in a rapidly developing area of Mesa, Arizona.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1999
Construction CONCRETE
Total area 7,968 SF
Lot 0.78 ac (33,994 SF)
Zoning code C-G
APN 140-27-024C
UPID US07-3333723

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Location

3105 Main St Mesa, AZ 85213-9529
Mesa metro Census 420709 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.16M

Owner & transaction history

since 2013
6 recorded transactions
2013
Price N/A
2013
$450,000
2013
$459,982
2005
$950,000
1999
$375,000
1999
Price N/A

Zoning & alternative use

C-G · Mesa, AZ
Top alternative use upside
Auto repair, garage $3.5M +160.7%
Neighborhood: shopping center $2.5M +84.2%
Retail stores $2.1M +55.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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