1911 Broadway RdMesa, AZ 85202

  • Retail properties
  • 19,600 SF
For Lease

Property Details for 1911 Broadway Rd

Year built
1986
Construction
CONCRETE
Lot size
2.07 AC
Property size (Sq ft)
19,600 SF
Zone code
LI
Property type
Retail properties
Property subtype
Strip malls
APN
134-30-001Y
APU
13430001Y

Description

This exceptional Mesa, Arizona retail property, located at 1911 W Broadway Rd, offers 1,750 square feet of immediately available space within a larger 19,600 square foot building situated on a 2.07-acre lot. Built in 1986 and zoned C-2, this multi-tenant property is ideally situated in the Red Mountain/Mesa Ret submarket, providing excellent visibility and accessibility for businesses. The space features expansive storefront windows, creating an inviting atmosphere for customers. The interior offers a flexible layout suitable for a variety of retail concepts, and ample space for displays and customer interaction. The property also includes dedicated parking and convenient loading areas to ensure smooth operations. This prime location in Maricopa County, Arizona (zip code 85202) presents a unique opportunity for businesses seeking high-traffic exposure and a well-maintained space. The property's strategic location and ample space make it an ideal choice for retailers looking to establish or expand their presence in a thriving market. This is a rare opportunity to secure a space in a well-established retail center with significant potential for growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,529,178
    6.5%
    $7,873,088
    7%
    $7,310,724
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,364,597
    Geo Method
    $10,364,597
  • Alternative Use

    Use
    Valuation
    Residential
    $6,641,244
    Hospitality
    $6,083,344
    Educational
    $5,061,270
    Medical
    $5,235,336
    Retail
    $7,873,088
1911 Broadway Rd, Mesa, Arizona

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4071
Longitude
-111.873
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$33,349
-
-
$589,786
-
$1,218,500
$2,355,963
$3,574,463

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