1840 W SOUTHERN Avenue, Mesa, AZ 85202
New Listing
$3,000,000
Property Type:
Comm/Industry Sale
Square Footage:
16,201
Lot Size (sq. ft.):
54,886
Status:
Active
Current Price:
$3,000,000
List Date:
5/16/2025
Last Modified:
5/17/2025
Description
Location is exceptional just across from Mesa Community College, at Dobson just west is the Banner Desert Medical Campus and to the east is Fiesta Mall Redefined which is approved for 4,000 new housing units, 1.85 million sq. ft. of mixed use retail, restaurants and office with 500k sq. ft. of open space in the 80 acre master plan. This ''value add'' 16,200 +- center is presently 80% occupied with room to improve income and value. Approx present $156k NOI.
More Information MLS# 6867397
Contract Info
Current Price: $3,000,000
List Price: $3,000,000
Status: Active
List Date: 2025-05-13
Ownership: Fee Simple
Location Tax Legal
House Number: 1840
Compass: W
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85202
Zip4: 4835
Country: US
County Code: Maricopa
Subdivision: COLLEGE PLAZA LOTS 1 THROUGH 4
Assessor Number: 305-06-005
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 16201
# of Buildings: 1
Stories: 1
Year Built: 1976
Uncvrd Parking Spcs: 102
Zoning: LC
Remarks Misc
Cross Street: West Southern & Dobson
Directions: Just east of Dobson on the north side of the street
Geo Lat: 33.393544
Geo Lon: -111.871028
Status Change Info
Status Change Date: 2025-05-16
Legal Info
Township: 1N
Range: 5E
Section: 29
Lot Number: 3
Income Expenses
Gross Annual Sch Inc: 180900
Net Operating Income: 156000
Showing Notification Methods
Showing Service: Aligned Showings
Contact Info
List Agent Home Phn: 480-481-0032
Property Features
Building Type: Commercial
Business Type: Retail
Construction: Block; Stucco
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: None
Interior: Finished
Exterior: Landscaping; Building Sign; Monument Sign; Security Light(s)
Fencing: Block
Parking Features: Parking Lot; Paved
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange
Showing Notification Methods: Text
Lockbox Type: Combo
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Environmental: Phase I Available; Phase II Available
Listing Office: Realty Executives
Last Updated: May - 17 - 2025
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