323 Brown RdMesa, AZ 85201

Property Details for 323 Brown Rd

Year built

1985

Construction

CONCRETE

Lot size

0.90 AC

Property size (Sq ft)

8,400 SF

Zone code

LC

Property type

Retail properties

Property subtype

Strip malls

APN

137-19-688A

APU

13719688A

Description

Fitch Plaza, located at 323 E Brown Rd, Mesa, AZ 85201 (SWC Mesa Drive and Brown Road), offers exceptional restaurant and retail space for lease. This Class A property, totaling 8,400 square feet, features five suites and underwent renovations in 2024. Currently, 3,310 square feet are vacant, divisible into spaces ranging from 1,185 to 2,125 contiguous square feet. The property boasts a prime location in a densely populated Mesa neighborhood, with a 3-mile daytime population exceeding 116,000 and average household incomes of $75,575. Benefit from exceptional co-tenancy with established brands like Food City Grocery and CVS Pharmacy, ensuring high foot traffic. Ample parking provides customer convenience. Monument signage is available for enhanced brand visibility. Flexible lease terms and tenant improvement allowances are offered. The property is zoned LC (City of Mesa) and its APN is 137-19-688A. This turnkey second-generation restaurant space presents a unique opportunity for businesses seeking high visibility and strong demographics. Ideal for a variety of uses, including restaurants, coffee shops, and other retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $3,914,464

  6.5%

  $3,613,351

  7%

  $3,355,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,775,078

  Geo Method

  $4,775,078

• Alternative Use

  Use

  Valuation

  Residential

  $3,047,997

  Hospitality

  $2,791,949

  Educational

  $2,322,868

  Medical

  $2,402,756

  Retail

  $3,613,351

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4344

Longitude

-111.824

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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