17 W UNIVERSITY Drive 1, Mesa, AZ 85201
$1,700,000
Property Type:
Land
Lot Size (sq. ft.):
39,409
Status:
Closed
Current Price:
$1,700,000
List Date:
10/27/2021
Last Modified:
3/16/2025
Description
Great investment opportunity! Land consists of 3 parcels. Rezoned, Modern Architectural drawings and plans. City approval within 30 days for 46 apartment units. Bottom units can be converted to businesses with the new zoning. Located in the Downtown City Center Block's Opportunity Zone. High traffic area within walking distance to new ASU campus, public transportation, light rail and services. Ability to start construction in approximately 30 days. Buyer and buyers agent to verify all information. Parcel #s: 138-59-029, 138-59-027, 138-59-026 The plans included are for 2 buildings, 46 units, 2bd 2ba and 1bd 1.5 ba
swimming pool, parking and common areas. Expansion
approved on the combined parcels for 2 more buildings, 48 units. Listing consists of land and plans only.
More Information MLS# 6219918
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,700,000
Sold Price: $1,700,000
Status: Closed
List Date: 2021-04-10
Location, Tax & Legal
Lot #: 1
Assessor's Map #: 59
Legal Description (Abbrev): MESA TR B PT LOT 1 BLK 54 BEG AT PT 150' W OF NE COR LOT 1 RUN TH W 130' TH S TO S LINE SD LOT 1
Assessor's Parcel #: 26
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421400
Taxes: 6182
Tax District: 041010
Marketing Name: 17-37 W. University
Map Code/Grid: R39
House Number: 17
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
County Code: Maricopa
Assessor Number: 138-59-026
Subdivision: MESA ARIZONA
Tax Year: 2020
General Property Description
Apx Total Acres: 0.9
Apx Total Acres G/N: G
Price Per Acre: 1666666.67
# Lots in Listing: 3
# Units Allowed: 94
Apx SqFt: 39409
Price Per SqFt: 38.06
Apx SqFt G/N: G
Lot Size Dimensions: 172 X 230
Horses: N
Zoning: T4NF
Legal Info
Range: 5E
Section: 22
Township: 1N
Lot Number: 1
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 1500000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
No Notification Required to Show: 1
Lockbox Type
None: 1
Existing Land Use
Other (See Rmks): 1
Zoned Presently
Multi-Family: 1
Commercial: 1
Potential Use
Multi-Family: 1
Parcel Size
.50 - .99 Acres: 1
Proposed Density
40+ Units P/Acre: 1
Development Status
Raw Land: 1
Plans Included: 1
Land Configuration
Square Rectangular: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
None: 1
Distance to Cable
Under 350 Feet: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
Under 350 Feet: 1
Distance to Water
Under 350 Feet: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
Under 350 Feet: 1
Distance to Gas
Under 350 Feet: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
Under 350 Feet: 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
Contact Info
List Agent Home Phn: 602-769-5168
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: University and Center
Directions: Go West on University from Center Street to address on left, approximately 1 block Vacant lot
Geo Lat: 33.421951
Geo Lon: -111.832356
Status Change Info
Off Market Date: 2022-01-06
Under Contract Date: 2021-06-08
Close of Escrow Date: 2022-01-05
Sold Price: $1,700,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Other (See Rmks)
Zoned Presently: Multi-Family; Commercial
Potential Use: Multi-Family
Parcel Size: .50 - .99 Acres
Proposed Density: 40+ Units P/Acre
Development Status: Raw Land; Plans Included
Land Configuration: Square Rectangular
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
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 Other Loan: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Fencing: None
Listing Office:
DeLex Realty
Last Updated: March - 16 - 2025
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