1231 W Baseline Rd 3,926 SF Vacant Retail Building Mesa, AZ 85202 $1,990,000 ($506.88/SF) 6.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding retail building with a drive thru. Great visibility and access at a high traffic intersection.
EXECUTIVE SUMMARY
Freestanding retail building with a drive thru. Great visibility and access at a high traffic intersection. Over 140,000 people within a three mile radius. Complete renovation and drive thru added in 2022. Two Suites: 2755 square fee currently a drive thru restaurant and 1171 square feet currently a barbershop. Monument Sign. Owner/User or Investment purchase. Do not disturb occupant. Please contact broker for more details.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,926 SF
Building Class
C
Year Built/Renovated
1986/2022
Price
$1,990,000
Price Per SF
$506.88
Cap Rate
6.53%
NOI
$130,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.54 AC
Zoning
C-2, Mesa - commercial retail office
Parking
59 Spaces (15.03 Spaces per 1,000 SF Leased)
Frontage
139’ on Baseline Road
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Barbershop
- Services
-
99,999 SF
- -
- -
- Taco Land
- Accommodation and Food Services
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Barbershop | Services | 99,999 SF | - | - | ||
| Taco Land | Accommodation and Food Services | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 305-07-952A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $104,926 |
