20 1St StMesa, AZ 85201

Property Details for 20 1St St

Year built

1975

Construction

CONCRETE

Lot size

0.59 AC

Property size (Sq ft)

5,346 SF

Zone code

C-DT

Property type

Office buildings

APN

138-33-002

APU

13833002

Description

This exceptional office property, located at 20 W 1st Street in Mesa, Arizona (zip code 85201), offers a diverse range of workspace solutions. The building, classified as Class B, encompasses a total of 12,758 square feet and is situated in the heart of downtown Mesa's revitalization zone. The property's zoning is DC - Downtown Core District, and its APN is 138-33-002. Currently, there are six available office spaces ranging in size from 228 square feet to 3,968 square feet, catering to various business needs and sizes. The building's multiple tenancy structure provides a dynamic and collaborative environment. Its convenient location offers unparalleled access to key amenities and transportation options. Within walking distance, you'll find the Mesa Convention Center, Art Center, City of Mesa Offices, Chamber of Commerce, and Municipal Court. Just two blocks away lies the Light Rail Station, providing easy access to public transportation, as well as Main Street's vibrant retail scene, including boutiques, restaurants, and other businesses. This property presents a unique opportunity to establish a presence in a thriving and rapidly developing area of Mesa. The property is in Maricopa County and sits near the cross streets of Center and 1st Street. The building offers Executive Office, Traditional Office, and Coworking space options.

• CAP approach

  CAP return

  Valuation

  6%

  $1,694,746

  6.5%

  $1,564,381

  7%

  $1,452,639

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,205,951

  Geo Method

  $1,205,951

• Alternative Use

  Use

  Valuation

  Residential

  $1,939,832

  Hospitality

  $1,776,876

  Educational

  $1,478,340

  Medical

  $1,529,182

  Retail

  $2,299,640

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4179

Longitude

-111.832

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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