3617 E Southern Ave Mesa, AZ 85206
- Strip malls
- 15,397 SF
- 7.86 lot acres
Current Use by Public Records
- Arizona Contractor License Center / Legal Services / Trade School
- Friends In Style / Hair Salon
- NEW LIFE CHRISTIAN FELLOWSHIPS INTERNATIONAL / Religious Organization
- Gyro House Mesa / Mediterranean Restaurant
- Permanent Record Ink / Tattoo Shop / Health And Beauty Shop
Property Details for 3617 E Southern Ave
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 7.86 lot acres
- Property size
- 15,397 SF
- Zone code
- LC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 140-57-345A
- APU
- 14057345A
Description
Val Vista Crossing, located at 3617 E Southern Ave, Mesa, AZ 85206, presents a compelling retail investment opportunity. This well-situated strip center boasts a total building area of 137,241 square feet and sits on a substantial 483,639 square foot lot in Maricopa County. The property is conveniently located off US-60 at Val Vista Drive, ensuring high visibility and accessibility for potential tenants and customers. Currently, there are multiple spaces available, with the minimum divisible space measuring 1,245 square feet and larger spaces available up to 19,960 square feet. A total of 2,873 square feet is currently vacant, offering immediate opportunities for lease income generation. The property's strategic location and flexible space options make it ideal for a variety of retail businesses. This is a rare chance to acquire a well-established retail center in a thriving Arizona market. The property's size and location provide significant potential for long-term growth and return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,140,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,760,000
- 6.5%
- $10,265,000
- 7%
- $11,120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,545,000
- Geo Method
- $10,150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,845,000
- Retail
- $11,110,000
- Mixed-Use
- $8,210,000
- Hospitality
- $11,055,000
- Educational
- $9,175,000
- Residential Income
- $10,135,000
- Energy
- $8,720,000
- Income-Based Land
- $10,910,000
- Food Service
- $10,270,000
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.752
- Latitude
- 33.3927
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
