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
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.
More Information MLS# 6663117
Contract Info
Ownership: Fee Simple
Current Price: $740,000
Sold Price: $740,000
Status: Closed
List Date: 2024-02-12
Location, Tax & Legal
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
House Number: 1328
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5467
County Code: Maricopa
Assessor Number: 135-32-020-D
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 6057
# of Buildings: 1
Uncvrd Parking Spcs: 16
Year Built: 1980
Zoning: LC
Legal Info
Range: 5E
Section: 17
Township: 1N
Lot Number: NA
Construction
Block: 1
Roofing
Foam: 1
Floors
Concrete: 1
Ceramic Tile: 1
Other: 1
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: 1
Business Type
Food Service: 1
Bar/Tavern/Lounge: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 925000
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Supra: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Central Air: 1
Office Evap: 1
Interior Features
Finished: 1
Public Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Landscaping: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Unknown: 1
Traffic Count
35,001 to 50,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Kitchen: 1
Sewer
Other: 1
Parking Features
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Electric
SRP: 1
Other (See Remarks): 1
Gas
SW Gas: 1
New Financing
Cash to Loan: 1
Owner May Carry: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 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 Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Alma School and University
Directions: From the 202 exit on Alma School, R on University, Property on the right side.
Geo Lat: 33.422452
Geo Lon: -111.859555
Status Change Info
Off Market Date: 2024-03-06
Under Contract Date: 2024-02-22
Close of Escrow Date: 2024-03-11
Sold Price: $740,000
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
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