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840 W UNIVERSITY Drive Mesa, AZ 85201
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Key Details
Sold Price $1,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Clement Place
MLS Listing ID 6834216
Sold Date 04/29/25
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1973
Annual Tax Amount $8,097
Tax Year 2024
Lot Size 0.522 Acres
Acres 0.52
Property 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
Location
State AZ
County Maricopa
Community Clement Place
Zoning M-H
Direction East on University to property on corner lot of N Extension/University
Interior
Heating Electric
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Private
Fence None
Roof Type Foam,Rolled/Hot Mop
Total Parking Spaces 27
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 135-27-011-B
Financing Carryback
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Bought with Arizona Platinum Properties LLC