This single-story, 5,901 square foot retail strip center is located at the southwest corner of Main Street and Barkley in Mesa, Arizona. Built in 1980, the property boasts excellent visibility and accessibility due to its location on a signalized intersection with light rail frontage. The center offers ample parking and easy ingress and egress. Currently, 5,959 square feet are vacant, presenting a significant opportunity for new tenants. The minimum divisible space is 784 square feet, while the maximum contiguous space available is 2,600 square feet. The property is zoned PHX - GC by the City of Mesa, and its APN is 138-11-048H in Maricopa County. The center benefits from strong demographics and an established Mesa neighborhood. This prime retail location offers exceptional potential for investors seeking a high-visibility property with significant vacancy to lease. The property consists of one building with a total of 5,901 square feet. The convenient location and ample parking make this an attractive option for a variety of retail businesses. This is a rare opportunity to acquire a well-located retail center in a thriving Mesa neighborhood.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$8,983,694
6.5%
$8,292,641
7%
$7,700,310
Comparable approach
Method
Valuation
Relative Method
$10,958,803
Geo Method
$10,958,803
Alternative Use
Use
Valuation
Residential
$6,995,152
Hospitality
$6,407,522
Educational
$5,330,984
Medical
$5,514,324
Retail
$8,292,641
Location Insight
City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4147
Longitude
-111.801
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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