840 W UNIVERSITY Drive new Save Request In-Person Tour Request Virtual Tour
Mesa,AZ 85201
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Clement Place
MLS Listing ID 6834216
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
Dwelling Type Commercial,Office
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 135-27-011-B