2050 Baseline RdMesa, AZ 85204

Property Details for 2050 Baseline Rd

Year built

1985

Construction

CONCRETE

Lot size

4.49 AC

Property size (Sq ft)

35,931 SF

Zone code

LC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

140-62-317

APU

14062317

Description

Prime retail space available in Mesa Shores, a dual grocery-anchored shopping center located at 2050 E Baseline Rd, Mesa, AZ 85204. This thriving center boasts Sprouts and Trader Joe's as prominent co-tenants, ensuring high foot traffic and a strong customer base. Two spaces remain, offering flexible sizes: one at 1,400 square feet and another at 2,776 square feet, perfect for a variety of retail businesses. The property is strategically situated for optimal accessibility, with convenient access to the US 60 Freeway and downtown Gilbert, providing easy access for both customers and employees. The well-established trade area encompasses over 400,000 people within a 5-mile radius, presenting a significant market opportunity for prospective tenants. This is a rare opportunity to secure a space in a high-performing retail center in a rapidly growing area of Maricopa County, Arizona. The property is classified as commercial retail with multiple tenancies. Don't miss out on this chance to establish your business in a vibrant and successful location.

• CAP approach

  CAP return

  Valuation

  6%

  $16,744,118

  6.5%

  $15,456,109

  7%

  $14,352,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,425,394

  Geo Method

  $20,425,394

• Alternative Use

  Use

  Valuation

  Residential

  $13,037,806

  Hospitality

  $11,942,561

  Educational

  $9,936,070

  Medical

  $10,277,787

  Retail

  $15,456,109

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3806

Longitude

-111.787

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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