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
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.
More Information MLS# 6592254
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,025,000
Sold Price: $1,025,000
Status: Closed
List Date: 2023-08-14
Location, Tax & Legal
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
House Number: 113
Compass: N
Street Name: ALMA SCHOOL
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6233
County Code: Maricopa
Assessor Number: 135-53-058
Subdivision: BEVERLY TERRACE
Tax Year: 2022
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
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
Zoning: RM-4
Legal Info
Range: 5E
Section: 21
Township: 1N
Lot Number: -
Special Listing Cond
N/A: 1
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: 1
Lockbox Type
None: 1
Existing Land Use
Residential Acreage: 1
Commercial Acreage: 1
Zoned Presently
Multi-Family: 1
Commercial: 1
Potential Use
Multi-Family: 1
Commercial: 1
Office: 1
Parcel Size
1.00 - 2.49 Acres: 1
Current Density
26 - 30 Units P/Acre: 1
Proposed Density
26 - 30 Units P/Acre: 1
Development Status
Off Site Imp Complte: 1
Land Features
Sidewalk(s): 1
Elevation
1,001 - 2,000 Ft: 1
Elevation Source
USGS: 1
Land Configuration
Irregular Shape: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Available: 1
Electric
APS: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
See Remarks: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Other
Loan Years: 15
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Alma School and Main Street
Directions: West Main Street to Alma School Road then North to property
Geo Lat: 33.41731
Geo Lon: -111.855728
Status Change Info
Off Market Date: 2024-01-02
Under Contract Date: 2023-10-06
Close of Escrow Date: 2024-01-01
Sold Price: $1,025,000
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
Listing Office:
RE/MAX Excalibur
Last Updated: June - 18 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.