6455 Southern AveMesa, AZ 85206

Property Details for 6455 Southern Ave

Year built

1996

Construction

CONCRETE

Lot size

1.15 AC

Property size (Sq ft)

6,208 SF

Zone code

LC

Property type

Turn key restaurants

APN

141-54-034A

APU

14154034A

Description

This exceptional freestanding restaurant opportunity is located within the thriving Superstition Springs Center, a major regional shopping mall boasting over 1.2 million square feet and 130 stores. Anchored by Macy's, Dillard's, and JCPenney, this center offers a strong draw of shoppers and diners. The property itself comprises a substantial 5,780 square feet situated on a generous 1.15-acre lot, providing ample space for both indoor and outdoor dining areas. Its convenient location directly off US-60 and Power Road ensures high visibility and accessibility, benefiting from significant traffic flow. The surrounding area is densely populated with numerous master-planned communities, guaranteeing a large and readily available customer base. The property is zoned LC and offers a single-tenant occupancy, providing flexibility and control for the future operator. This is a rare opportunity to establish a successful restaurant in a prime location within a well-established and highly successful retail center. The property's size and location make it ideal for a variety of restaurant concepts. The ample parking available within the Superstition Springs Center further enhances the property's appeal. This is a turn-key opportunity for a discerning restaurant operator seeking a high-traffic location in a thriving retail environment. The property's address is 6455 E Southern Ave, Mesa, AZ 85206, and the APN is 141-54-034A.

• CAP approach

  CAP return

  Valuation

  6%

  $2,249,990

  6.5%

  $2,076,920

  7%

  $1,928,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,456,420

  Geo Method

  $1,456,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,048,210

  Mixed-Use / Specialty

  $2,070,310

  Hospitality / Lodging

  $1,519,960

  Office

  $2,058,840

  Institutional / Educational

  $2,152,570

  Residential Income

  $2,518,510

  Multifamily

  $3,016,140

  Automotive / Energy

  $1,845,060

  Parking / Income-Based Land

  $635,920

  Restaurant / Food Service

  $1,078,490

  Healthcare / Senior Housing

  $2,122,250

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3935

Longitude

-111.692

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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