238 2Nd StMesa, AZ 85201

Property Details for 238 2Nd St

Year built

1937

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

1,308 SF

Zone code

DR-2

Property type

Office buildings

APN

138-57-023

APU

13857023

Description

This exceptional Class A executive office suite, totaling 1,308 square feet, is ideally situated at 238 W 2nd St in Mesa, Arizona's historic downtown district. The entire space is currently vacant and ready for immediate occupancy. Located conveniently near the intersection of Country Club and Main Street, this property offers unparalleled access to a vibrant urban environment. Enjoy the benefits of a DR-2 zoned location, providing flexibility for various business uses. The suite is part of a multi-tenant building, offering a professional and collaborative atmosphere. Its prime location places it within a half-mile radius of the light rail station, ensuring easy commutes for employees and clients. Furthermore, the property's proximity to Main Street provides convenient access to a diverse range of retail shops, boutiques, restaurants, and other businesses, fostering a thriving and dynamic work environment. The asking rate is $22.00 per square foot. This is a rare opportunity to secure a highly desirable, fully vacant, Class A office space in a rapidly developing area of Mesa, Maricopa County, Arizona, with the zip code 85201. The property's size and location make it perfect for a variety of businesses seeking a prestigious and convenient address.

• CAP approach

  CAP return

  Valuation

  6%

  $469,939

  6.5%

  $433,789

  7%

  $402,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,059

  Geo Method

  $295,059

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $852,942

  Retail / Commercial

  $437,598

  Mixed-Use / Specialty

  $436,206

  Hospitality / Lodging

  $320,249

  Institutional / Educational

  $453,538

  Residential Income

  $530,640

  Multifamily

  $635,489

  Automotive / Energy

  $388,747

  Parking / Income-Based Land

  $133,986

  Restaurant / Food Service

  $227,233

  Healthcare / Senior Housing

  $447,148

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4198

Longitude

-111.838

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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