1128 Greenway StMesa, AZ 85203

Property Details for 1128 Greenway St

Year built

1986

Construction

CONCRETE

Lot size

0.35 AC

Property size (Sq ft)

6,168 SF

Zone code

OC

Property type

Office properties

Property subtype

Office buildings

APN

136-26-820

APU

13626820

Description

This exceptional 7,168 square foot office building, located at 1128 E Greenway St in Mesa, Arizona (zip code 85203), presents a unique opportunity. Situated in the Stapley Professional Plaza, near the intersection of E Brown Rd and N Stapley Dr, this three-story building boasts a desirable location with easy access to the Loop 202 Freeway. The property features two suites totaling 7,168 square feet, currently vacant and available for immediate occupancy. Built in 1986 and well-maintained, the building offers flexibility for tenant improvements. The property sits on a 15,120 square foot lot and is zoned OC. The building is part of a professional plaza anchored by Desert Schools Federal Credit Union and includes a mix of law firms, mortgage, and healthcare offices. The location benefits from its proximity to major retail centers and valley hospitals. The surrounding Hohokam Village neighborhood is characterized by a high concentration of upper-middle-income residents, with a significant portion employed in executive, management, and professional occupations. Building amenities include covered parking and signage opportunities. The property's Maricopa County location (APN 136-26-820) offers a strong foundation for any business seeking a prestigious and convenient office space. The building's multiple suite configuration allows for flexibility in tenant needs, accommodating various business sizes and requirements. This is an ideal opportunity for businesses seeking a well-established and highly accessible location in a thriving Mesa neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,955,330

  6.5%

  $1,804,920

  7%

  $1,675,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,391,378

  Geo Method

  $1,391,378

• Alternative Use

  Use

  Valuation

  Residential

  $2,238,100

  Hospitality

  $2,050,088

  Educational

  $1,705,649

  Medical

  $1,764,309

  Retail

  $2,653,232

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4383

Longitude

-111.806

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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