501 Center StMesa, AZ 85201

Property Details for 501 Center St

Year built

1956

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

1,168 SF

Zone code

LI

Property type

Office properties

Property subtype

Office buildings

APN

139-37-021

APU

13937021

Description

This exceptional 3,546 square foot executive office suite is available for lease in the desirable Mesa East submarket of Maricopa County. The entire space is currently vacant, presenting a unique opportunity for a single tenant to occupy a completely self-contained office environment. The property is located at 501 N Center St and offers a significant amount of space ideal for a company seeking to establish a substantial presence. The building's total square footage mirrors the available leasable space, ensuring complete privacy and control over the premises. This single-tenant occupancy eliminates the complexities of shared spaces and common area management, allowing for streamlined operations and a focused work environment. The property type is classified as an office building, specifically an executive office suite, suggesting a higher level of finish and amenities than standard office spaces. The location within the Mesa East submarket offers access to a variety of local amenities and convenient transportation links, making it an attractive location for employees and clients alike. This turnkey solution provides immediate occupancy for a business seeking a prestigious and efficient workspace. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $370,270

  6.5%

  $341,788

  7%

  $317,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $263,477

  Geo Method

  $263,477

• Alternative Use

  Use

  Valuation

  Residential

  $423,817

  Hospitality

  $388,214

  Educational

  $322,989

  Medical

  $334,097

  Retail

  $502,428

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4057

Longitude

-111.831

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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