1042 Higley RdMesa, AZ 85205

Property Details for 1042 Higley Rd

Year built

1987

Construction

CONCRETE

Lot size

11.31 AC

Property size (Sq ft)

6,600 SF

Zone code

LC

Property type

Retail properties

Property subtype

Strip malls

APN

140-01-681

APU

14001681

Description

Northpoint Center presents a unique investment opportunity in a thriving retail environment. This multi-tenant shopping center is undergoing a significant redevelopment, attracting a diverse range of new and established businesses. The revitalization includes the addition of high-profile tenants such as A Modo Mio Italian Restaurant and Cafe, Speakeasy Suites, Regus Executive Suites, and Goodwill, complementing existing anchors like Basha's Grocery Store (newly remodeled), IHOP, McDonald's, Taco Bell, ACE Hardware, Hallmark, and Knuckle Sandwiches. The center's diverse tenant mix caters to a broad customer base, making it an ideal location for service retail, neighborhood retail, and restaurants. Several retail suites are currently available, fully built-out and ready for immediate occupancy. Additionally, a former bagel restaurant space is available, complete with existing equipment and a pre-existing restaurant buildout, minimizing start-up costs and time. This property offers a compelling blend of established success and exciting new development, presenting a strong return on investment potential for savvy investors seeking a prime retail location. The center's strategic location and diverse tenant mix ensure a consistent flow of customers, making it an attractive proposition for both established businesses and new ventures. This is a chance to be part of a dynamic and growing retail hub.

• CAP approach

  CAP return

  Valuation

  6%

  $3,075,650

  6.5%

  $2,839,062

  7%

  $2,636,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,751,846

  Geo Method

  $3,751,846

• Alternative Use

  Use

  Valuation

  Residential

  $2,394,855

  Hospitality

  $2,193,674

  Educational

  $1,825,111

  Medical

  $1,887,879

  Retail

  $2,839,062

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4354

Longitude

-111.721

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].