1540 E University Drive $1,138,000

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    1540 E University Drive Mesa, AZ 85203

    • 5,612 sq. ft.
    • Commercial Sale
    • MLS# 6365842
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    Views: 40 Days On Site: 328

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    Property Details

    Great investment opportunity in great location! Five updated, well maintained, small to midsize individual offices with four shared restrooms. 100% rented with excellent tenants in place. This complex is very low maintenance, easy to manage and has been easy to find and maintain tenants. Quality block construction with monument signage on University and plenty of parking behind property. Approximately 3 miles from US 60 and 2.5 miles from the 202 * No sign on property * DO NOT DISTURB TENANTS *Inspections to be conducted once under contract.

    • General Features
      • Building Type Office
      • Cooling Central A/C
      • County Maricopa
      • Covered Parking Spaces 0.00
      • Cross Street GILBERT AND UNIVERSITY
      • Directions WEST ON UNIVERSITY TO BUILDINGS ON NORTH SIDE OF ROAD
      • Electric Individual Meter,SRP
      • Fencing Block
      • Gas SW Gas
      • Heating Electric,Natural Gas
      • Parking Free,Paved Parking
      • Roofing Built-Up
      • Sewer Sewer - Public,Sewer-In & Connected
      • Subdivision PARADISE PARKWAY 3
      • Taxes $6,743
      • Total Approx Building SqFt 5,612
      • Total Approx Land SqFt 28,778
      • Uncovered Parking Spaces 32.00
      • Water City Franchise
      • YearBuilt 1973
      • Zoning C-2, LTD.COMM.
    • Building Features
      • Construction Block
      • Ceiling Height 8 Feet or Less
      • Stories 1 Story
      • Interior Finished
      • Exterior Dual Street Ftg,Landscaping,Monument Sign,Sprinkler Sys-Ground
      • Floors Ceramic Tile
    • Property Features
      • Total Parking Space 32.00
      • Legal Info: Lot Number 0
      • Legal Info: Township 13
      • Legal Info: Range 5E
      • Ownership Fee Simple
      • Income & Expenses: Net Operating Income 0.00
      • Income & Expenses: Gross Annual Sch Inc 0.00
      • Income & Expenses: Adjusted Gross Inc 0.00

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    Neighborhood

    85203 (Mesa) Demographics

    32 Median Age
    4,161 Population Density (per sq. mile)
    34% College Educated
    $60,412 Estimated Median Income
    7,192 Estimated Total Home Owners
    5,931 Estimated Total Renters
    55% / 45% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    40,112 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $398,500 Median Sales Price
    16 Homes Sold
    10 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,138,000
        3/8/2022 10:10:00 PM New in Database Source: Multiple Listing Service New Value: $1,138,000

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        Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 1/30/2023 8:43:00 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Engel & Völkers Scottsdale.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.