17 W UNIVERSITY Drive 1, Mesa, AZ 85201 (MLS# 6219918)

17 W UNIVERSITY Drive 1, Mesa, AZ 85201

$1,700,000

New ASU Campus-Mesa Opening Fall 21- Spring 22

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

Overview

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.

Listing Details MLS# 6219918

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Assessor Number: 138-59-026
Subdivision: MESA ARIZONA
Tax Year: 2020
Lot #: Yes
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

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

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

Remarks Misc

Cross Street: University and Center
Directions: Go West on University from Center Street to address on left, approximately 1 block Vacant lot

Status Change Info

Off Market Date: 2022-01-06
Under Contract Date: 2021-06-08
Close of Escrow Date: 2022-01-05

Legal Info

Township: 1N
Range: 5E
Section: 22
Lot Number: Yes

More Information

Contact Info

List Agent Home Phn: 602-769-5168

Sold Info

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

Special Listing Cond

N/A: Yes

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: Yes

Lockbox Type

None: Yes

Existing Land Use

Other (See Rmks): Yes

Zoned Presently

Multi-Family: Yes
Commercial: Yes

Potential Use

Multi-Family: Yes

Parcel Size

.50 - .99 Acres: Yes

Proposed Density

40+ Units P/Acre: Yes

Development Status

Raw Land: Yes
Plans Included: Yes

Land Configuration

Square Rectangular: Yes

Road Access Type

Dedicated Street: Yes

Road Surface Type

Asphalt: Yes

Road Responsibility

City Maintained Road: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

2.1 - 5 Miles: Yes

Sewer

Sewer - Public: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

SW Gas: Yes

Existing Structures

None: Yes

Distance to Cable

Under 350 Feet: Yes

New Financing

Cash: Yes
Conventional: Yes

Distance to Phone

Under 350 Feet: Yes

Distance to Water

Under 350 Feet: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

Under 350 Feet: Yes

Distance to Gas

Under 350 Feet: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

Under 350 Feet: 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 Other Loan

Not Applicable: Yes

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