340 W UNIVERSITY Drive, 1, Mesa, AZ 85201
New Listing
$4,200,000
Property Type:
Comm/Industry Sale
Square Footage:
34,822
Lot Size (sq. ft.):
120,500
Status:
Active
Current Price:
$4,200,000
List Date:
7/01/2025
Last Modified:
7/01/2025
Description
Great property to redevelop
short term leases allow Buyer opportunity to rezone and design new project.
city of Mesa is supportive of redeveolping the corner
More Information MLS# 6887330
Contract Info
Current Price: $4,200,000
List Price: $4,200,000
Status: Active
List Date: 2025-06-02
Ownership: Fee Simple
Location Tax Legal
House Number: 340
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5824
County Code: Maricopa
Subdivision: MESA ARIZONA
Assessor Number: 137-27-074
Tax Year: 2024
General Property Description
Type of Property: retail office
Ttl Apx SqFt Bldg: 34822
# of Buildings: 9
Year Built: 1974
Volts/Amps: varies
Uncvrd Parking Spcs: 80
Zoning: DB-1 LC
Flood Zone: No
Remarks Misc
Cross Street: NEC University Drive and Country Club
Directions: hard corner
multiple driveways on University Dr and Country Club
Geo Lat: 33.422718
Geo Lon: -111.839097
Income Expenses
Gross Annual Sch Inc: 421204
Net Operating Income: 277482
Showing Notification Methods
Showing Service: Aligned Showings
Contact Info
List Agent Home Phn: 602-667-3492
List Agent Hme Phn 2: 602-828-1755
Property Features
Building Type: Commercial; Office
Business Type: Barber/Beauty; Religious Facility; Restaurant; Professional/Office; Retail; Food Service; Bar/Tavern/Lounge
Construction: Block; Stucco
Roofing: Foam
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: See Remarks
Cooling: See Remarks
Loading Facilities: None
Interior: Public Restrooms
Fencing: None
Parking Features: Parking Lot
Electric: City Electric; Other (See Remarks)
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Lockbox Type: None
Source of Fincl Data: Projected Proforma
Environmental: None
Documents
Unbranded Floorplan ›Listing Office: Colton Commercial
Last Updated: July - 01 - 2025
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