7045 E Main St
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7045 E Main St
4,288 SF Retail Building Mesa, AZ 85207 $1,200,000 ($280/SF)
Investment Highlights
- 2+ acre lot
- Zoning is [LC] Limited Commercial District
- Has Tenant in place on most of lot
Executive Summary
Former Gas Station, now an Auto Repair and construction storage lot at a busy intersection of Power Rd & E Main Street. Lot is 2.07 acres, 4,288 sf building. Has a 3,000 sf shade structre in front of the building where the former gas pumps were sitting.
Tenant occupies most of the building in front. Tenant's lease ends 2027. Back part of the lot is used by the owner for construction equipment storage.
Note: ADEQ reports UST (Underground Storage Tanks) permanently removal in 1988. Property taxes were $8,820 in 2023.
Tenant occupies most of the building in front. Tenant's lease ends 2027. Back part of the lot is used by the owner for construction equipment storage.
Note: ADEQ reports UST (Underground Storage Tanks) permanently removal in 1988. Property taxes were $8,820 in 2023.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,200
|
$28.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,200
|
$28.80
|
| Taxes |
$8,820
|
$5.88
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,820
|
$5.88
|
| Net Operating Income |
$34,380
|
$22.92
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $43,200 |
| Annual Per SF | $28.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,200 |
| Annual Per SF | $28.80 |
| Taxes | |
|---|---|
| Annual | $8,820 |
| Annual Per SF | $5.88 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,820 |
| Annual Per SF | $5.88 |
| Net Operating Income | |
|---|---|
| Annual | $34,380 |
| Annual Per SF | $22.92 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,288 SF
Building Class
C
Year Built
1958
Price
$1,200,000
Price Per SF
$280
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.07 AC
Zoning
C-C - Zoning was changed to [LC] Limited Commercial District, Mesa.
Parking
10 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Storey's Auto LLC
- Services
- 4,100 SF
- $10.54
- Modified Gross
- Dec 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Storey's Auto LLC | Services | 4,100 SF | $10.54 | Modified Gross | Dec 2027 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 218-19-070 | Total Assessment | $85,316 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $8,820 ($2.06/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
218-19-070
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$85,316 (2025)
Annual Taxes
$8,820 ($2.06/SF)
Tax Year
2023 Payable 2023
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7045 E Main St
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