113 N ALMA SCHOOL Road -, Mesa, AZ 85201

$1,025,000
Property Type: Land Lot Size (sq. ft.): 68,564 Status: Closed
Current Price: $1,025,000 List Date: 8/14/2023 Last Modified: 6/18/2025

Overview

Description

Remax Commercial is pleased to offer for sale this Prime Multi-Family Development Opportunity conveniently located in NE Mesa on Alma School Road just one block north of Main Street along the Valley Metro Light Rail System. The subject property (total of 5 parcels) sits on 1.57 acres and is Zoned RM-4 City of Mesa providing for as many as 47 residential units.

Listing Details MLS# 6592254

Location, Tax & Legal

House Number
113
Compass
N
Street Name
ALMA SCHOOL
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
6233
Country
US
County Code
Maricopa
Assessor Number
135-53-058
Subdivision
BEVERLY TERRACE
Tax Year
2022
Lot #
-
Assessor's Map #
53
Legal Description (Abbrev)
TRACT C BEVERLY TERRACE MCR 010628
Assessor's Parcel #
58
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
421302
Taxes
746

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
1.57
Apx Total Acres G/N
N
Price Per Acre
795541.4
# Lots in Listing
5
# Units Allowed
47
Apx SqFt
68564
Price Per SqFt
18.22
Apx SqFt G/N
N
Lot Size Dimensions
IRR
Horses
N
Street Frontage
240
Zoning
RM-4
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Patterson Elementary - Mesa
Jr. High School
Mesa Junior High School
High School
Mesa High School

Remarks Misc

Cross Street
Alma School and Main Street
Directions
West Main Street to Alma School Road then North to property

Status Change Info

Off Market Date
2024-01-02
Under Contract Date
2023-10-06
Close of Escrow Date
2024-01-01

Legal Info

Township
1N
Range
5E
Section
21
Lot Number
-

More Information

Sold Info

Loan Type
Other
Loan Years
15
Closing Cost Split
Normal - N
Payment Type
Fixed
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
1249000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Existing Land Use

Residential Acreage
Yes
Commercial Acreage
Yes

Zoned Presently

Multi-Family
Yes
Commercial
Yes

Potential Use

Multi-Family
Yes
Commercial
Yes
Office
Yes

Parcel Size

1.00 - 2.49 Acres
Yes

Current Density

26 - 30 Units P/Acre
Yes

Proposed Density

26 - 30 Units P/Acre
Yes

Development Status

Off Site Imp Complte
Yes

Land Features

Sidewalk(s)
Yes

Elevation

1,001 - 2,000 Ft
Yes

Elevation Source

USGS
Yes

Land Configuration

Irregular Shape
Yes

Road Access Type

Dedicated Street
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Available
Yes

Electric

APS
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Existing Structures

See Remarks
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Not Applicable
Yes

Distance to Gas

On Property
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Other Loan

Not Applicable
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Acreage; Commercial Acreage Zoned Presently: Multi-Family; Commercial Potential Use: Multi-Family; Commercial; Office Parcel Size: 1.00 - 2.49 Acres Current Density: 26 - 30 Units P/Acre Proposed Density: 26 - 30 Units P/Acre Development Status: Off Site Imp Complte Land Features: Sidewalk(s) Elevation: 1,001 - 2,000 Ft Elevation Source: USGS Land Configuration: Irregular Shape Road Access Type: Dedicated Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Topography: Level Existing Structures: See Remarks Water Source: City Franchise Sewer: Sewer - Available Electric: APS Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash Environmental: None Showing Notification Methods: Text Lockbox Type: None Fencing: None
IDX
Listing Office: RE/MAX Excalibur
Last Updated: June - 18 - 2025
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