Two-Suite Retail Building with Excess Land

840 W Southern Ave Mesa, AZ 85210

  • 4,225 Square Feet
  • Retail Land
  • For Sale

Summary Description

Single-story retail building for sale at 840 W. Southern Avenue in Mesa, Arizona. The building has two suites and consists of approximately 4,225 square feet. The property also includes ±45,633 square feet of undeveloped land north of the property. Purchase price is $900,000.

The property currently is divided into two suites and is occupied by Barbara Ann’s Alterations (and Dry Cleaner) and the Country Club Coin-Op Laundry. The current owner is operating both businesses and the purchase price includes all equipment and machinery.

Property is located west of the northwest corner of Southern Avenue and Extension Road, approximately one-half mile north of US 60 in Mesa. This parcel is located in the new Fiesta Mesa Redevelopment Overlay District. The District is now nearing completion, with beautiful streetscapes, pedestrian islands, themed lighting, new police and fire stations, and corporate headquarter relocations.

The nearby Fiesta Mall was purchased in 2017, with the area planned to be redeveloped and designed for medical learning centers and colleges. Housing, eating and entertainment venues are also planned for the area. A new multi-family development was constructed south of the subject property in 2016.

The stabilization of the complex should increase demand in the area. A new 354-unit multi-family development was constructed south of the subject property in 2016. A new proposed residential project, located directly to the north and west of the property, will increase visibility and demand in the area.

Price: $900,000.00

Lot Size: 83635 Square Feet

Building Size: 4225 Square Feet

Area Available: 4,225 Square Feet

Parking

25 spaces

Year Built

1976

Features:

  • Two suites with turn-key dry cleaner and coin-operated laundry
  • Asphalt driveway
  • Parcel No. 134-19-004A, according to Maricopa County website
  • Frontage on Southern Avenue of approximately 128 linear feet
  • Within one mile of new Fiesta Mall redevelopment area
  • One-half mile from US 60
  • 2.3 miles from Loop 101
  • Mesa is the 38th largest city in the U.S. and second largest in the Phoenix metropolitan area
  • Just shy of 500,000 people, Mesa offers a diverse and sustainable economy, with a balance of base industries
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