903-933 E Main St 32,702 SF 55% Leased Retail Building Mesa, AZ 85203 $5,809,482 CAD ($177.65 CAD/SF) 3.99% Cap Rate
EXECUTIVE SUMMARY
Mesa Matrix is a functioning retail plaza and a potential industrial / warehouse conversion property. This retail shopping plaza has light rail frontage and is located in a designated Opportunity Zone along Main Street near the booming Downtown Mesa city center which makes it ripe for redevelopment and strongly in the path of progress. The subject property has front and rear yard area and 11 ft clear height ceilings, 100% HVAC, front and rear doors. With some very minor improvements, like adding rollup doors, the subject property could be a multi tenant small bay warehouse facility. Additionally, the subject property has 7300sf of vacancy which could be used for an owner user, and other month to month leases at below market rents. Ideal property for an owner user of retail or warehouse needs. Current zoning is LC city of Mesa- which allows uses including: maintenance and repair services, minor automobile service and repair, commercial recreation, general market, large commercial development, retail sales, tattoo, indoor collection facility, and other retail and office uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
32,702 SF
Building Class
C
Year Built
1973
Price
$5,809,482 CAD
Price Per SF
$177.65 CAD
Cap Rate
3.99%
NOI
$231,814 CAD
Percent Leased
55%
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
- 929
- 4,300 SF
- Retail
- -
- Now
This space is a former theater space, approximately 50% of the space is theater seating, stage, ADA restrooms, ticketing, and offices. The remaining 50% of the space is open area for preparations and storage of materials. This would be an ideal theater, club, church, or assembly use space.
- Warehouse
- 3,240 SF
- Industrial
- -
- Now
| Space | Size | Space Use | Position | Available |
| 929 | 4,300 SF | Retail | - | Now |
| 933 | 7,300 SF | Retail | End Cap | Now |
| Warehouse | 3,240 SF | Industrial | - | Now |
929
| Size |
| 4,300 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
933
| Size |
| 7,300 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Warehouse
| Size |
| 3,240 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $14,768 CAD | Total Assessment | $264,934 CAD |
