41 Main StMesa, AZ 85201

Property Details for 41 Main St

Year built

1920

Construction

CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

3,723 SF

Zone code

C-DT

Property type

Retail space

APN

138-41-021E

APU

13841021E

Description

This exceptional commercial property, located at 41 W MAIN Street Unit 41 in the heart of Downtown Mesa, Arizona, presents a unique investment opportunity. Situated on a 0.09-acre lot, this property offers significant potential for a variety of businesses. Its central location provides easy access to the vibrant Downtown Mesa area, placing it in close proximity to the light rail system and the Arizona State University campus. The surrounding area is experiencing substantial growth, with new apartment complexes and businesses continually emerging, creating a dynamic and thriving commercial environment. The property's versatility makes it suitable for a wide range of uses, including but not limited to a restaurant, laundromat, or specialty store. This prime location offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong returns. The asking price is $1,100,000. This is an exceptional chance to establish a business in a rapidly developing area with significant long-term growth prospects. The property's size and location make it an ideal investment for entrepreneurs and investors seeking a foothold in the burgeoning Downtown Mesa market. Don't miss this opportunity to secure a piece of Mesa's exciting future.

• CAP approach

  CAP return

  Valuation

  6%

  $1,734,946

  6.5%

  $1,601,489

  7%

  $1,487,097

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,116,382

  Geo Method

  $2,116,382

• Alternative Use

  Use

  Valuation

  Residential

  $1,350,916

  Hospitality

  $1,237,432

  Educational

  $1,029,528

  Medical

  $1,064,936

  Retail

  $1,601,489

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4147

Longitude

-111.833

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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