1609 W UNIVERSITY Drive, Mesa, AZ 85201

$980,000
Property Type: Comm/Industry Sale Square Footage: 3,754 Lot Size (sq. ft.): 16,911 Status: Closed
Current Price: $980,000 List Date: 12/23/2023 Last Modified: 3/05/2025

Overview

Description

3,672sf Building. 16,911sf or .39 Acres at a HARD Corner with a Stop Light. 2 Miles from the 101 Freeway. Central Mesa or Urban Core...508,000+ Population. Zoned Commercial/Retail. Phase 1 Environmental Available. Report is Clean. No Underground Gas or Oil Tanks. Gasoline Tanks Removed in the Late 70's.

Listing Details MLS# 6619219

Location, Tax & Legal

House Number
1609
Compass
W
Street Name
UNIVERSITY
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
5331
Country
US
County Code
Maricopa
Subdivision
CASA MESA AMENDED LOT 1-58, 135-191, TR A
Assessor Number
135-64-116
Tax Year
2023
Assessor's Map #
64
Legal Description (Abbrev)
TRACT A CASA MESA AMENDED LOT 1-58, 135-191, TR A MCR 008905
Assessor's Parcel #
116
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421303
Taxes
6137
Legal
TRACT A CASA MESA AMENDED LOT 1-58, 135-191, TR A MCR 008905

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Wholesale/Retail
Ttl Apx SqFt Bldg
3754
# of Buildings
Yes
Year Built
1960
Volts/Amps
110/220
Uncvrd Parking Spcs
10
Zoning
Commercial

Remarks Misc

Cross Street
University & Longmore
Directions
101 Freeway to University Drive East to Longmore Street (Stop Light). Property on SWC of the Intersection.

Status Change Info

Off Market Date
2023-12-23
Under Contract Date
2023-11-28
Close of Escrow Date
2023-12-29

Legal Info

Township
1N
Range
5E
Section
20
Lot Number
A

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

Contact Info

List Agent Home Phn
480-600-6001

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

Built-Up
Yes

Floors

Concrete
Yes
Ceramic Tile
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
Operating Exp
6137
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes
Distribution/Warehouse
Yes

Business Type

Professional/Office
Yes
Warehouse
Yes
Retail
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
0
Equity
1210000
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Ceiling Height

14.1 Feet to 16 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Public Restrooms
Yes

Loading Facilities

None
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Exterior

Corner Lot
Yes
Dual Street Ftg
Yes
Curb(s) & Gutter(s)
Yes
Pole Sign
Yes
Building Sign
Yes
Sidewalk(s)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Traffic Count

25,001 to 35,000
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Building Features

Showroom
Yes

Sewer

Sewer - Public
Yes

Railroad

Available
Yes

Parking Features

Parking Lot
Yes
Paved
Yes

Electric

SRP
Yes
220 Volts
Yes

Gas

None
Yes

New Financing

Cash Only
Yes
1031 Exchange
Yes

Special

Incorporated Area
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

Use Restrictions

Existing Easement(s)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Phase I Available
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial; Office; Distribution/Warehouse Business Type: Professional/Office; Warehouse; Retail Stories: 1 Story Construction: Block Roofing: Built-Up Floors: Concrete; Ceramic Tile Ceiling Height: 14.1 Feet to 16 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Public Restrooms Exterior: Corner Lot; Dual Street Ftg; Curb(s) & Gutter(s); Pole Sign; Building Sign; Sidewalk(s) Fencing: None Building Features: Showroom Parking Features: Parking Lot; Paved Road Access Type: Alley Electric: SRP; 220 Volts Gas: None Water Source: City Franchise Sewer: Sewer - Public Railroad: Available New Financing: Cash Only; 1031 Exchange Showing Notification Methods: Text; Phone Call Lockbox Type: None Special: Incorporated Area Source of Fincl Data: Other (See Remarks) 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; Concrete Traffic Count: 25,001 to 35,000 Use Restrictions: Existing Easement(s) Environmental: Phase I Available
IDX
Listing Office: Valley of the Sun Real Estate
Last Updated: March - 05 - 2025
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