361 Lindsay RdMesa, AZ 85204

Property Details for 361 Lindsay Rd

Year built

1987

Construction

CONCRETE

Lot size

0.93 AC

Property size (Sq ft)

8,920 SF

Zone code

LC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

140-27-022B

APU

14027022B

Description

This exceptional single-tenant retail property, known as Catty Corner Plaza, presents a compelling investment opportunity. Located in Mesa, Arizona, this 2,000 square foot building sits on a 0.93-acre lot, offering ample space for a variety of retail uses. Constructed in 2004, the property is classified as Class C and features a single-story building. Its strategic location at a busy intersection on Broadway, coupled with the proximity to a grocery store, ensures high foot traffic and excellent visibility. The property's zoning is designated as C-G, and the Assessor's Parcel Number (APN) is 140-27-022B. While currently designated for retail use, potential buyers are advised to verify permitted uses with the City of Mesa. The site boasts adequate parking, making it convenient for both customers and employees. This property is an ideal choice for entrepreneurs seeking a well-positioned retail space in a high-traffic area. The single-tenant occupancy provides simplicity and control, while the substantial land area offers potential for future expansion or development. This is a rare opportunity to acquire a well-located retail property in a thriving Mesa commercial district. Interested parties should conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use.

• CAP approach

  CAP return

  Valuation

  6%

  $4,156,788

  6.5%

  $3,837,035

  7%

  $3,562,961

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,070,678

  Geo Method

  $5,070,678

• Alternative Use

  Use

  Valuation

  Residential

  $3,236,682

  Hospitality

  $2,964,784

  Educational

  $2,466,665

  Medical

  $2,551,498

  Retail

  $3,837,035

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4087

Longitude

-111.771

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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