$800,000
Mesa, AZ 85204
MLS# 6359915
Status: Closed
1 / 5
Property Description
A great investment opportunity! Retail space. Seven individual units, all 600 sf. each with private restrooms. 100% capacity, zero vacancies. Long term tenants in place, many with below market rents! Huge value add opportunity. This complex is very low maintenance and has been easy to find and maintain long term tenants. Excellent frontage off of Broadway Road with a monument sign. The City of Mesa is making improvements on Broadway Road in 2022 - burying the electrical pole and lines, beautifying the property. This will include new sidewalks and curb cuts. * DO NOT DISTURB TENANTS.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2022-02-24
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): W 100' OF E 383' OF S 190' OF SE4 SE4 SW4 EX S 40' RD .34 AC
Assessor's Parcel #: 64
Assessor Parcel Ltr: H
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421501
Taxes: 6552
Legal: W 100' OF E 383' OF S 190' OF SE4 SE4 SW4 EX S 40' RD .34 AC
Map Code/Grid: R39
House Number: 734
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2062
County Code: Maricopa
Assessor Number: 138-29-064-H
Tax Year: 2021
General Property Description
Type of Property: Retail
Ttl Apx SqFt Bldg: 4591
# of Buildings: 2
Uncvrd Parking Spcs: 22
Lot Size Dimensions: 149.22 X 99.2
Flood Zone: No
Year Built: 1973
Zoning: C-G
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: NA
Construction
Block: 1
Stucco: 1
Roofing
Rolled: 1
Floors
Concrete: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1200
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 6552
Operating Exp: 17304
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 57569
Building Type
Commercial: 1
Business Type
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.88
Equity: 825000
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Building Sign: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
Up to 5,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
City Electric: 1
Gas
None: 1
New Financing
Cash Only: 1
Cash to Loan: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Sold Info
Loan Type: Carryback
Loan Years: 3
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Broadway and Horne
Geo Lat: 33.408143
Geo Lon: -111.815232
Status Change Info
Off Market Date: 2022-04-08
Under Contract Date: 2022-04-08
Close of Escrow Date: 2022-05-09
Sold Price: $800,000
Income Expenses
Gross Annual Sch Inc: 57569
Net Operating Income: 48517
Property Features
Building Type: Commercial
Business Type: Retail
Stories: 1 Story
Construction: Block; Stucco
Roofing: Rolled
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished
Exterior: Building Sign; Monument Sign
Fencing: None
Parking Features: Paved
Electric: City Electric
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; 1031 Exchange
Showing Notification Methods: Text
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Road Surface Type: Asphalt
Traffic Count: Up to 5,000
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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