Entity Owned 
For Sale
Property summary
The property is a 4.32-acre land parcel in Mesa, Arizona, zoned Limited Commercial (LC). Under the applicable zoning and a Conditional Use Permit (CUP), the site supports multi-family development at a density of up to 25 units per acre. In addition, the site has an approved retail development concept that includes a 20,000-square-foot firearm/gun range and 21,000 square feet of retail space with a drive-through, with architecture and site work approved by the City of Mesa and permits prepared for construction to proceed.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LC · Mesa, AZLimited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LC in Mesa, AZ.
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