1240 Southern AveMesa, AZ 85202

Property Details for 1240 Southern Ave

Year built

1979

Construction

CONCRETE

Lot size

0.73 AC

Property size (Sq ft)

15,537 SF

Zone code

LC

Property type

Retail properties

Property subtype

Strip malls

APN

134-28-378E

APU

13428378E

Description

Fiesta Village, located at 1240 W Southern Ave in Mesa, Arizona (zip code 85202), presents a prime retail opportunity within a vibrant strip center. This 15,537 square foot property sits on a sizable 31,742 square foot lot in Maricopa County. Currently, there are multiple spaces available, offering flexibility for various retail businesses. Individual spaces range from a minimum of 2,550 square feet to a maximum contiguous space of 3,702 square feet. A significant 6,252 square feet of space is currently vacant, providing an excellent opportunity for expansion or new tenancy. The center enjoys a convenient location off US-60 at Alma School Road, ensuring high visibility and accessibility for customers. This property is ideal for businesses seeking a well-established location with ample space and strong potential for growth. The property's strategic location and available space make it an attractive investment for retailers looking to establish or expand their presence in the thriving Mesa market. Serious inquiries are encouraged to explore the possibilities of this exceptional retail opportunity. Contact us to schedule a viewing and discuss your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $6,770,454

  6.5%

  $6,249,650

  7%

  $5,803,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,228,036

  Geo Method

  $8,228,036

• Alternative Use

  Use

  Valuation

  Residential

  $5,271,813

  Hospitality

  $4,828,952

  Educational

  $4,017,632

  Medical

  $4,155,804

  Retail

  $6,249,650

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3935

Longitude

-111.858

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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