124 W 1st Street, Mesa, AZ 85201

$1,000,000
Property Type: Comm/Industry Sale Square Footage: 2,805 Lot Size (sq. ft.): 38,134 Status: Closed
Current Price: $1,000,000 List Date: 9/24/2021 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. Great area for Multi-Family Buildout.

Listing Details MLS# 6298344

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
Subdivision
MESA CITY ARIZONA
Assessor Number
138-34-007-A
Tax Year
2021
Assessor's Map #
34
Assessor's Parcel #
7
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Mesa
Taxes
3834
Legal
LOT 2 BLOCK 4 MESA CITY ARIZONA MCR 000311

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Investment
Ttl Apx SqFt Bldg
2805
# of Buildings
3
Year Built
1912
Uncvrd Parking Spcs
3
Zoning
C-TC, R-TC
Flood Zone
TBD

Remarks Misc

Cross Street
1st Street and Center
Directions
Head west on 1st Street property located on North side just west of MacDonald

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
Lot Number
2

More Information

Contact Info

List Agent Home Phn
480-570-6739

Sold Info

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

Construction

Block
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Wood
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Other (See Remarks)
Yes

Business Type

See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
1400000
Total Owed
0

Lockbox Type

None
Yes

Ceiling Height

8 Feet or Less
Yes

Heating

Natural Gas
Yes

Cooling

Central Air
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

Other (See Remarks)
Yes

Source of Fincl Data

Unknown
Yes

Traffic Count

Unknown
Yes

Fencing

Other
Yes

Water Source

City Franchise
Yes
See Remarks
Yes

Freeway/Highway

1.1 - 2 Miles
Yes
2.1 - 5 Miles
Yes

Building Features

Other (See Remarks)
Yes

Sewer

Sewer - Public
Yes

Railroad

Railroad 1 - 5 Miles
Yes

Parking Features

Private
Yes
Other
Yes

Electric

City Electric
Yes
Underground
Yes

Gas

City Gas
Yes
Underground
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes
Owner May Carry
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: See Remarks Stories: 1 Story Construction: Block; Stucco Roofing: Composition Floors: Wood Ceiling Height: 8 Feet or Less Heating: Natural Gas Cooling: Central Air Loading Facilities: None Interior Features: Other (See Remarks) Exterior: Other (See Remarks) Fencing: Other Building Features: Other (See Remarks) Parking Features: Private; Other Electric: City Electric; Underground Gas: City Gas; Underground Water Source: City Franchise; See Remarks Sewer: Sewer - Public Railroad: Railroad 1 - 5 Miles New Financing: Cash Only; Cash to Loan; Owner May Carry Lockbox Type: None Source of Fincl Data: Unknown Road Surface Type: Asphalt Traffic Count: Unknown Environmental: None
IDX
Listing Office: JPAR Vantage
Last Updated: March - 27 - 2025
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