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507 E University Drive

Mesa, AZ 85203
  • $1,280,000
  • STATUS: Active
  • ID#: 6226814
UPDATED: 52 min ago
$1,280,000
  • 0
    BEDS
  • 0.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,547
    SQFT
  • $134
    $/SQFT
Type:
Commercial
Built:
1971
County:
Area:

School Ratings & Info

Description

Incredible investment property inside an Opportunity Zone and steps away from Mesa's Site 17, a 27 acre redevelopment site . Property has 7 suites with long term tenants, one with 20+ years. Master metered utilities that are split amongst all the tenants.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than AZ Power Team | Realty One Group Integrity. Data last updated 2021-08-03T09:10:54.923.
www.tucsonrealestate.net/homes/116463587
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507 E University Drive Mesa, AZ 85203

  • Price: $1,280,000
  • Status: Active
  • Updated: 52 min ago
  • ID#: 6226814
0
Beds
0
Baths
0
½ Baths
0.73
Acres
9,547
SQFT
$134
$/SQFT
1971
Built
County:
Maricopa
Area:
Mesa
Property Description
Incredible investment property inside an Opportunity Zone and steps away from Mesa's Site 17, a 27 acre redevelopment site . Property has 7 suites with long term tenants, one with 20+ years. Master metered utilities that are split amongst all the tenants.
Exterior Features

Construction Block Covered Parking Spaces 0.00 Exterior Features Building SignStorage YardSecurity Light(S)Monument SignCorner Lot Fencing Block Parking FreePaved ParkingPublic Parking Roads AsphaltSidewalk(S) Roofing Rolled Stories 1 Story Total Parking Spaces 40.00 Uncovered Parking Spaces 40.00

Interior Features

Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/C Flooring Ceramic TileVinyl/CompositionConcrete Heating Electric Interior Features Finished

Property Features

Adjusted Gross Inc 105840.00 Annual Elec Exp 13000.00 Annual Gas Exp 0.00 Annual Ins Exp 2000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 2500.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type Commercial Cross Street Mesa Drive & University Current Use RetailService Business Electric Master MeterSrp Gas None Gross Annual Sch Inc 108000.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 0 Net Operating Income 86320.00 Operating Exp 19520.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 2020.00 Vacancy Allowance 0.02 Water City Franchise Zoning Rm-4

Listing courtesy of Cluff Real Estate Llc.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than AZ Power Team | Realty One Group Integrity. Data last updated 2021-08-03T09:10:54.923.
 
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AZ Power Team | Realty One Group Integrity
7445 N Oracle Rd., Suite 201
Tucson AZ, 85704