1328 W UNIVERSITY Drive, Mesa, AZ 85201 (MLS# 6663117)

1328 W UNIVERSITY Drive, Mesa, AZ 85201

$740,000

Property Type: Comm/Industry Sale Square Footage: 6,057 Lot Size (sq. ft.): 22,346 Status: Closed

Current Price: $740,000 List Date: 2/13/2024 Last Modified: 5/07/2025

Overview

Description

Over 6,000 square foot standalone building most recently used as Mexican restaurant with a spacious covered patio for outdoor dining. Includes large, fully equipped kitchen with vent hoods, sinks, walk in cooler and grease drains. Approximately 2,000 feet currently configured as separate bar with stage for live music/entertainment. Could be separated relatively easily to create two suites to maximize lease income potential. Adjacent to large strip center with lots of available parking. Direct exposure to high traffic counts on University drive, across the street from large AT&T campus and just minutes from the freeways.

Listing Details MLS# 6663117

Location, Tax & Legal

House Number: 1328
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5467
Country: US
County Code: Maricopa
Assessor Number: 135-32-020-D
Tax Year: 2023
Assessor's Map #: 32
Assessor's Parcel #: 20
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421202
Taxes: 8948
Legal: BEG SW COR E2 W2 SE4 SE4 SEC 17 TH N 1D 02M E ALG E LN TR A GARDEN GROVE 190F TH E 150F TH S 1D 02M

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 6057
# of Buildings: Yes
Year Built: 1980
Uncvrd Parking Spcs: 16
Zoning: LC

Remarks Misc

Cross Street: Alma School and University
Directions: From the 202 exit on Alma School, R on University, Property on the right side.

Status Change Info

Off Market Date: 2024-03-06
Under Contract Date: 2024-02-22
Close of Escrow Date: 2024-03-11

Legal Info

Township: 1N
Range: 5E
Section: 17
Lot Number: NA

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

Sold Info

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

Construction

Block: Yes

Roofing

Foam: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes
Other: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 8948
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Food Service: Yes
Bar/Tavern/Lounge: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 925000
Total Owed: 0
Assessment Balance: 0

Lockbox Type

Supra: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes
10.1 Feet to 12 Feet: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Central Air: Yes
Office Evap: Yes

Interior Features

Finished: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Landscaping: Yes
Curb(s) & Gutter(s): Yes
Building Sign: Yes
Sidewalk(s): Yes

Source of Fincl Data

Unknown: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

2.1 - 5 Miles: Yes

Building Features

Kitchen: Yes

Sewer

Other: Yes

Parking Features

Free: Yes
Parking Lot: Yes
Private: Yes
Paved: Yes

Electric

SRP: Yes
Other (See Remarks): Yes

Gas

SW Gas: Yes

New Financing

Cash to Loan: Yes
Owner May Carry: Yes
Other (See Remarks): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: 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 Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial Business Type: Food Service; Bar/Tavern/Lounge Stories: 1 Story Construction: Block Roofing: Foam Floors: Concrete; Ceramic Tile; Other Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet Heating: Natural Gas Cooling: Central Air; Office Evap Loading Facilities: None Interior Features: Finished; Public Restrooms Exterior: Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s) Fencing: None Building Features: Kitchen Parking Features: Free; Parking Lot; Private; Paved Electric: SRP; Other (See Remarks) Gas: SW Gas Water Source: City Franchise Sewer: Other New Financing: Cash to Loan; Owner May Carry; Other (See Remarks) Showing Notification Methods: Text Lockbox Type: Supra Source of Fincl Data: Unknown 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 Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: None

Listing Office: Saguaro Desert Realty

Last Updated: May - 07 - 2025