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    FOR SALE
    Commercial real estate

    550 N Center St, Mesa, AZ 85201

    1,400 SF Built 1947
    Property ID
    US07-0754316
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 550 N Center Street in Mesa, Arizona (zip code 85201), presents a unique investment opportunity. The property consists of a 1,400 square foot building situated on a sizable 6,800 square foot lot. Built in 1947 and renovated in 2016, the single-story Class B building boasts numerous upgrades, including energy-efficient lighting and windows, a 200-amp electrical box, vaulted ceilings, and a concrete floor. Central heating and air conditioning ensure year-round comfort. The property is zoned for multi-family use (MF) and offers a myriad of potential uses, ideal for a small business or office space. A key advantage is its convenient location, within walking distance of the Oakland A's training facility. This sale includes an adjacent vacant lot, significantly increasing the overall property value and potential for future development. The asking price for this property is $440,000. The property is being sold by the owner.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1947
    Total area 1,400 SF
    UPID US07-0754316
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Voice of Pentecost Apostoltic Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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