236 Alma School RdMesa, AZ 85210

Property Details for 236 Alma School Rd

Year built

1982

Lot size

1.08 AC

Property size (Sq ft)

5,000 SF

Zone code

I-2

Property type

Auto shops

APN

134-31-003E

APU

13431003E

Description

This exceptional Mesa, Arizona property offers a versatile 1.78-acre lot encompassing a general industrial building ideally suited for a variety of uses. The building features a showroom, warehouse space, and a substantial covered patio, perfect for outdoor displays or additional workspace. A significant highlight is the expansive fenced yard, providing ample space for storage, outdoor operations, or potential lease opportunities to generate additional income. Currently, the property benefits from two month-to-month tenants, offering immediate rental income potential. The location is highly desirable, situated off Alma School Road between Main Street and Broadway, ensuring excellent visibility and convenient access. A prominent monument sign further enhances the property's exposure and marketing potential. This central location provides easy access to major transportation routes, making it an attractive option for businesses requiring efficient logistics. The property's zoning allows for a wide range of industrial uses, presenting a unique opportunity for owner-occupancy or continued rental income generation. This is a rare opportunity to acquire a well-positioned industrial property with significant potential for growth and profitability. The combination of building space, expansive yard, and prime location makes this an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,189,944

  6.5%

  $2,021,486

  7%

  $1,877,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,662,160

  Geo Method

  $2,662,160

• Alternative Use

  Use

  Valuation

  Residential

  $1,705,199

  Hospitality

  $1,561,953

  Educational

  $1,299,527

  Medical

  $1,344,220

  Retail

  $2,021,486

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4103

Longitude

-111.858

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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