For Sale
$2,100,000

1535 University DrMesa, AZ 85203

Newly renovated, multi-tenant retail space.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 12,536 square foot retail property, located at 1535 E University Dr in Mesa, Arizona (zip code 85203), presents a lucrative investment opportunity. Built in 1980 and situated on a sizable 32,060 square foot lot, the property boasts 30 parking spaces. The building has undergone extensive renovations, including a new roof, HVAC system, parking lot resurfacing, landscaping enhancements, updated lighting, and fresh paint. The property is zoned LC - Mesa, allowing for a variety of retail uses. Its prominent location on East University Drive offers excellent visibility and accessibility, enhanced by a substantial monument sign. The property's strategic position within Mesa places it near a diverse mix of residential areas, businesses, and educational institutions, ensuring a strong customer base. A significant tenant improvement (TI) allowance is available for qualified tenants, making this an attractive proposition for businesses seeking a move-in ready space. This is a rare opportunity to acquire a fully renovated, high-visibility retail center in a thriving Mesa location.

Highlights

  • $2,100,000 asking price for a 12,536 square foot multi-tenant retail building.
  • Recently renovated with a new roof, HVAC, parking lot, landscaping, lighting, and paint.
  • Tenant improvement (TI) allowance offered to qualified tenants.
  • High-visibility monument signage on East University Drive in Mesa, Arizona.

Property Details for 1535 University Dr

Property type
Retail properties
Square Feet
12,536 SF
Year Built
1980

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.422167
Longitude
-111.7981902
1535 University Dr, Mesa, Arizona

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1535 University Dr
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