840 W UNIVERSITY Drive, Mesa, AZ 85201
New Listing
$1,195,000
Property Type:
Comm/Industry Sale
Square Footage:
8,820
Lot Size (sq. ft.):
22,743
Status:
Active
Current Price:
$1,195,000
List Date:
3/12/2025
Last Modified:
3/12/2025
Description
Exceptional investment opportunity in the heart of a thriving business district across the street from a huge strip mall with many restaurants and services. This is a remarkable commercial strip mall for for the savvy investor as offices (what they are now)- or to use as a value add project and make apartments. Strategically located with immense potential and already has lucrative returns as office space. - Could also be a prime retail destination as well as apartment living. 11 Units (1-2story large chiropractic office rented) 2- single level offices with a total of 9 bathrooms (2-exterior accessed bathrooms)1 of the units is rented for 1500/mo, and the large 2 story chiropractic office is rented for 3500/mo. The property was in a long eviction court proceeding from previous owner and
More Information MLS# 6834216
Contract Info
Current Price: $1,195,000
List Price: $1,195,000
Status: Active
List Date: 2025-03-12
Ownership: Fee Simple
Location Tax Legal
House Number: 840
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5529
Country: US
County Code: Maricopa
Subdivision: CLEMENT PLACE
Assessor Number: 135-27-011-B
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 8820
# of Buildings: 1
Year Built: 1973
Uncvrd Parking Spcs: 20
Zoning: M-H
Remarks Misc
Cross Street: University/Westwood
Directions: East on University to property on corner lot of N Extension/University
Geo Lat: 33.422576
Geo Lon: -111.850044
Status Change Info
Status Change Date: 2025-03-12
Legal Info
Township: 1N
Range: 5E
Section: 16
Lot Number: 1
Showing Notification Methods
Showing Service: Aligned Showings
Contact Info
List Agent Home Phn: 480-251-1313
Property Features
Building Type: Commercial; Office
Business Type: Mixed; Service Business; Restaurant; Storage; Professional/Office; Retail; Food Service; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Foam; Rolled
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: None
Interior: Finished to Suit
Fencing: None
Parking Features: Private
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan; Owner May Carry; Wrap; Lease Option/Purchse; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Traffic Count: 100,001 to 120,000
Environmental: None
Listing Office: Raymond E Whitby
Last Updated: March - 12 - 2025
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