1355 Clearview AveMesa, AZ 85209

Property Details for 1355 Clearview Ave

Year built

1997

Construction

STEEL FRAME

Lot size

4.24 AC

Property size (Sq ft)

57,395 SF

Zone code

LI

Property type

Office buildings

APN

218-56-565B

APU

21856565B

Description

This exceptional mixed-use property, located at 1355 S Clearview Ave, Mesa, AZ 85209, presents a compelling investment opportunity. The 58,390 square foot building, constructed in 1998, sits on a generous 5.14-acre lot at the northeast corner of South Clearview Avenue and East Hampton Avenue, offering convenient access to the US 60 Superstition Freeway (within a quarter-mile). Currently operating as a multi-tenant office/flex space, the property boasts a strong net operating income (NOI) of $741,464, translating to an attractive 6.45% capitalization rate. The asking price is $11,500,000. This presents a rare chance to acquire a well-situated, high-performing asset in a thriving Arizona market. The property's size and location make it ideal for a variety of uses and potential future development. Its strong financial performance and strategic location make it an attractive investment for both seasoned and emerging investors seeking a stable and appreciating asset in the dynamic Mesa commercial real estate market. The property's proximity to major transportation arteries ensures excellent accessibility for tenants and employees. This is a turnkey investment ready for immediate income generation and potential long-term appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $18,194,902

  6.5%

  $16,795,294

  7%

  $15,595,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,947,164

  Geo Method

  $12,947,164

• Alternative Use

  Use

  Valuation

  Residential

  $20,826,164

  Hospitality

  $19,076,654

  Educational

  $15,871,552

  Medical

  $16,417,400

  Retail

  $24,689,082

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3905

Longitude

-111.677

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].