152 N 56TH Street, OFC, Mesa, AZ 85205
New Listing
$9,977,000
Property Type:
Comm/Industry Sale
Square Footage:
61,979
Lot Size (sq. ft.):
78,317
Status:
Active
Current Price:
$9,977,000
List Date:
6/30/2025
Last Modified:
6/30/2025
Description
1.79-acre, 62,000 sq ft R5-zoned investment opportunity in a thriving multi-family market! Formerly Copper Heights Assisted Living, this vacant 2-story property with basement is ideal for multi-family housing, a hotel, or other creative uses (subject to local zoning). 78 units: 30 one-bedroom and 48 studios, each with private bathrooms (tub/shower combo), kitchenette plumbing, and P-tech AC units. The main floor features an office & two spacious recreational/dining areas, perfect for community living. The basement includes a commercial-grade kitchen with a walk-in cooler and freezer. Energy-efficient with a newly repaired roof and solar panels, reducing utility costs. Appraised at $10.74M in ''as is'' condition. Seller offers financing with a $3.5M downpayment for qualified buyers.
More Information MLS# 6886777
Contract Info
Current Price: $9,977,000
List Price: $9,977,000
Status: Active
List Date: 2025-06-30
Ownership: Fee Simple
Location Tax Legal
House Number: 152
Compass: N
Street Name: 56TH
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 8721
County Code: Maricopa
Assessor Number: 141-77-059-E
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 61979
# of Buildings: 1
Year Built: 1974
Uncvrd Parking Spcs: 22
Zoning: R-5
Flood Zone: No
Remarks Misc
Cross Street: Boston & 56th St
Geo Lat: 33.418898
Geo Lon: -111.711098
Legal Info
Township: 1N
Range: 6E
Section: 23
Lot Number: -
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Mixed; Service Business; Restaurant; Medical; Other; See Remarks
Construction: Wood Frame; Other
Roofing: Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Solar; Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Security Light(s); Phone System; Public Restrooms; Other (See Remarks)
Exterior: Corner Lot; Sprinkler Sys-Ground; Landscaping; Security Light(s)
Fencing: Other; See Remarks
Amenities: Freight Elevator(s); Public Elevator(s); Basement; Conference Room; Exercise Room; Reception Room; Cafeteria; Kitchen; Showers - Office; Display Window(s)
Parking Features: Private; Paved; Other
Electric: SRP; Solar
Gas: SW Gas; Master Meter; High Pressure
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Owner May Carry
Showing Notification Methods: Text; Phone Call
Lockbox Type: Combo
Source of Fincl Data: Other (See Remarks)
Environmental: None
Listing Office: Zion Realty, LLC
Last Updated: June - 30 - 2025
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