1410 E Main Street, Mesa, AZ 85203

$1,500,000
Property Type: Comm/Industry Sale Square Footage: 40,233 Lot Size (sq. ft.): 113,875 Status: Closed
Current Price: $1,500,000 List Date: 10/19/2020 Last Modified: 2/24/2025

Overview

Description

100% leased. New road improvements in front of building on Main Street with Light Rail. Additional area for more parking. Roof Mounted A/C Unites for each Suite.

Listing Details MLS# 6148982

Location, Tax & Legal

Map Code/Grid
R40
House Number
1410
Compass
E
Street Name
Main Street
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Country
US
County Code
Maricopa
Assessor Number
138-05-146-N
Tax Year
2019
Assessor's Map #
5
Assessor's Parcel #
146
Assessor Parcel Ltr
N
Add'l Parcels
No
Tax Municipality
Mesa
Taxes
21030.8
Legal
To be supplied in Escrow by Title Company.
Marketing Name
Main Street Building

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
40233
# of Buildings
Yes
Year Built
1965
Uncvrd Parking Spcs
88
Zoning
GC

Remarks Misc

Cross Street
E. Main Street and N. Lazona Drive
Directions
1410 - 1422 E. Main Street

Status Change Info

Off Market Date
2021-07-01
Under Contract Date
2021-05-04
Close of Escrow Date
2021-06-30

Legal Info

Lot Number
-

More Information

Income Expenses

Gross Annual Sch Inc
215317.56
Net Operating Income
166226.78

Sold Info

Loan Type
Other
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

Roofing

Foam
Yes

Floors

Vinyl
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
16059.98
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
12000
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 Other Expense
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
215317.56

Building Type

Commercial
Yes

Business Type

Retail
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
2000000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

16.1 Feet to 28 Feet
Yes

Heating

Electric
Yes
2 or More Units
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Finished
Yes
Fire Sprinklers
Yes
Smoke Detector(s)
Yes

Loading Facilities

Grade Level
Yes

Exterior

Corner Lot
Yes
Dual Street Ftg
Yes
Landscaping
Yes
Building Sign
Yes
Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Building Features

Kitchen
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
None
Yes

Electric

SRP
Yes

Gas

None
Yes

New Financing

Cash Only
Yes

Special

Owner/Agent
Yes

Use Restrictions

Currently Leased
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Block Roofing: Foam Floors: Vinyl Ceiling Height: 16.1 Feet to 28 Feet Heating: 2 or More Units Cooling: Other; See Remarks Loading Facilities: Grade Level Interior Features: Finished; Fire Sprinklers; Smoke Detector(s) Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign; Monument Sign Fencing: None Building Features: Kitchen Parking Features: Free; None Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Special: Owner/Agent Source of Fincl Data: Owner Use Restrictions: Currently Leased Environmental: None
IDX
Listing Office: Kax Group, L.L.C.
Last Updated: February - 24 - 2025
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