1437 Main StMesa, AZ 85203

Property Details for 1437 Main St

Year built

1987

Construction

CONCRETE

Lot size

1.68 AC

Property size (Sq ft)

19,278 SF

Zone code

GC

Property type

Retail properties

Property subtype

Strip malls

APN

138-11-048H

APU

13811048H

Description

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.

• 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

Property Tax & Assessments

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