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903-933 E Main St 32,702 SF 52% Leased Retail Building Mesa, AZ 85203 $4,200,000 ($128.43/SF) 5.54% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased (Short Term Leases)
- Excellent Mix of Tenants
- Near Downtown Mesa
- Located in an Opportunity Zone
- Light Rail Frontage
- Abundant 10/1,000 Parking Ratio
EXECUTIVE SUMMARY
Value-Add Multi-Tenant Retail & Redevelopment Opportunity
Discover an exceptional opportunity to transform this 32,000 square foot commercial building situated on 1.58 acres of prime land poised for high-density redevelopment. With limited land availability in the area and direct light rail frontage, this property offers outstanding visibility and access, making it ideal for mixed-use or multifamily projects. Located just minutes from downtown’s vibrant restaurants and amenities, the site also sits within an Opportunity Zone, providing attractive tax incentives to maximize your investment. Short-term leases currently in place generate income to help offset holding costs while you navigate the planning and entitlement process — positioning this property as the perfect canvas for your next transformative development.
Discover an exceptional opportunity to transform this 32,000 square foot commercial building situated on 1.58 acres of prime land poised for high-density redevelopment. With limited land availability in the area and direct light rail frontage, this property offers outstanding visibility and access, making it ideal for mixed-use or multifamily projects. Located just minutes from downtown’s vibrant restaurants and amenities, the site also sits within an Opportunity Zone, providing attractive tax incentives to maximize your investment. Short-term leases currently in place generate income to help offset holding costs while you navigate the planning and entitlement process — positioning this property as the perfect canvas for your next transformative development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
32,702 SF
Building Class
C
Year Built
1973
Price
$4,200,000
Price Per SF
$128.43
Cap Rate
5.54%
NOI
$232,680
Percent Leased
52%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
1.58 AC
Opportunity Zone
Yes
Zoning
LC - Limited Commercial
AMENITIES
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
±9,200 SF available.
3,362 SF available!
3,240 SF of warehouse available!
| Space | Size | Space Use | Position | Available |
| 911 | 9,200 SF | Retail | In-Line | Now |
| 919 | 3,362 SF | Retail | In-Line | Now |
| Warehouse | 3,240 SF | Industrial | - | Now |
911
| Size |
| 9,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
919
| Size |
| 3,362 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Warehouse
| Size |
| 3,240 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
911
| Size | 9,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
±9,200 SF available.
919
| Size | 3,362 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
3,362 SF available!
Warehouse
| Size | 3,240 SF |
| Space Use | Industrial |
| Position | - |
| Available | Now |
3,240 SF of warehouse available!
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $10,321 | Total Assessment | $185,151 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,321
Improvements Assessment
$0
Total Assessment
$185,151
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903-933 E Main St
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