1040 Broadway RdMesa, AZ 85210

Property Details for 1040 Broadway Rd

Year built

1974

Construction

CONCRETE

Lot size

0.37 AC

Property size (Sq ft)

2,880 SF

Zone code

I-1

Property type

Bars

Property subtype

Pubs

APN

134-05-024E

APU

13405024E

Description

This exceptional commercial property, located at 1040 W BROADWAY Road Unit 1040 in Mesa, Arizona, presents a unique investment opportunity. Situated on a prominent 0.37-acre lot along a high-traffic thoroughfare, this property boasts unparalleled visibility and accessibility, making it an ideal location for a diverse range of commercial ventures. Previously utilized as a restaurant, the building is offered as-is, providing a blank slate for a prospective buyer to customize and develop according to their specific business needs. The property's strategic location ensures high foot traffic and excellent exposure to potential customers. The substantial lot size offers ample space for expansion, outdoor seating, or additional parking, depending on the intended use. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area of Mesa, Arizona, offering significant potential for growth and return on investment. The asking price is $800,000. Serious inquiries are encouraged. The square footage of the building is not currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $980,570

  6.5%

  $905,141

  7%

  $840,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,934

  Geo Method

  $632,934

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,763,550

  Mixed-Use / Specialty

  $902,545

  Hospitality / Lodging

  $662,990

  Office

  $897,840

  Institutional / Educational

  $938,509

  Residential Income

  $1,098,060

  Multifamily

  $1,313,450

  Automotive / Energy

  $804,436

  Parking / Income-Based Land

  $276,978

  Restaurant / Food Service

  $470,767

  Healthcare / Senior Housing

  $924,896

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.408

Longitude

-111.854

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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