124 W 1st Street, Mesa, AZ 85201

$1,000,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,805 Lot Size (sq. ft.): 38,134 Status: Closed
Current Price: $1,000,000 Last Modified: 3/27/2025

Overview

Description

This property is a great opportunity for Investors. Has many potential opportunities in the downtown Mesa area. Features 3 detached units - 2 Bedroom / 1 Bath 575 SQFT, 2 Bedroom / 1 Bath 927 SQFT, 1 Bedroom / 1 Bath / Loft 1303 SQFT. The .875 Acre Lot allows for potential buildout of more. The Zoning is [DB-1] Downtown Business District 1 75% [DR-2] Downtown Residence District 2 25%. Water well that has 2 - 3000 Gallon Tanks. Has ability to apply for Form Based Zoning. Near the new ASU Campus, Light Rail, Downtown Businesses and Restaurants. Located in Opportunity Zone.

Listing Details MLS# 6298281

Location, Tax & Legal

Map Code/Grid
Q39
House Number
124
Compass
W
Street Name
1st
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Country
US
County Code
Maricopa
Assessor Number
138-34-007-A
Subdivision
MESA CITY ARIZONA
Tax Year
2021
Assessor's Map #
34
Assessor's Parcel #
7
Assessor Parcel Ltr
A
Tax Municipality
Mesa
Taxes
3834

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
# Bedrooms
5
Total Bathrooms
3
Approx SQFT
2805
Price/SqFt
356.5
Horses
N
Builder Name
Unknown
Year Built
1912
Approx Lot SqFt
38134
Approx Lot Acres
0.875
Flood Zone
TBD
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Irving Elementary School
Jr. High School
Carson Junior High School
High School
Westwood High School

Remarks Misc

Cross Street
1st Street & Center Street
Directions
Head West to W 1st Street located on the north side of street

Status Change Info

Off Market Date
2021-11-09
Under Contract Date
2021-10-25
Close of Escrow Date
2021-11-19

Legal Info

Township
1N
Range
5E
Section
22
Block
4
Lot Number
2

More Information

Basement

Basement Y/N
N

Parking Spaces

Carport Spaces
3
Slab Parking Spaces
3
Total Covered Spaces
3

Solar Panels

Ownership
Owned Outright

Contact Info

List Agent Home Phn
480-570-6739

Sold Info

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

Special Listing Cond

N/A
Yes

Construction

Steel Frame
Yes
Brick
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Association & Fees

HOA Y/N
N
PAD Fee Y/N
N
Land Lease Fee Y/N
N
Ttl Mthly Fee Equiv
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Master Bathroom

Other (See Remarks)
Yes

Community Features

Near Light Rail Stop
Yes

Dining Area

Breakfast Room
Yes
Dining in LR/GR
Yes

Heating

Electric
Yes
Natural Gas
Yes

Kitchen Features

None
Yes

Cooling

Central Air
Yes

Interior Features

See Remarks
Yes

Laundry

Other
Yes

Other Rooms

Loft
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Fencing

Other
Yes

Water Source

City Water
Yes
Private Well
Yes

Exterior Features

Other
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

New Financing

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Energy/Green Feature

Other (See Remarks)
Yes

Utilities

City Electric
Yes
City Gas
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Property Description

North/South Exposure
Yes

Landscaping

Grass Front
Yes
Grass Back
Yes

Services

City Services
Yes

Disclosures

Seller Discl Avail
Yes

Possession

By Agreement
Yes
Close of Escrow
Yes

Association Fee Incl

No Fees
Yes

Assoc Rules/Info

None
Yes

Property Features

Special Listing Cond: N/A Master Bathroom: Other (See Remarks) Spa: None Community Features: Near Light Rail Stop Dining Area: Dining in LR/GR; Breakfast Room Kitchen Features: None Laundry: Other Other Rooms: Loft Interior Features: See Remarks Exterior Features: Other Construction: Steel Frame; Brick Const - Finish: Painted; Stucco Roofing: Composition Cooling: Central Air Heating: Electric; Natural Gas Utilities: City Electric; City Gas Water Source: City Water; Private Well Sewer: Sewer - Public Services: City Services Fencing: Other Property Description: North/South Exposure Landscaping: Grass Front; Grass Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Possession: By Agreement; Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; Owner May Carry Disclosures: Seller Discl Avail
IDX
Listing Office: JPAR Vantage
Last Updated: March - 27 - 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.