4 W UNIVERSITY Drive 1, Mesa, AZ 85201
$1,050,000
Property Type:
Land
Lot Size (sq. ft.):
33,466
Status:
Closed
Current Price:
$1,050,000
List Date:
8/02/2021
Last Modified:
8/25/2021
Description
Amazing opportunity to buy a property that took years to assemble! Property is walking distance to the A's baseball stadium, across the street from Mesa's Convention Center and Amphitheater and walking distance to the new ASU campus, light rail stop on Main and to all the amazing restaurants and shops on Main Street. This property has 3 short term tenants that pay ~$4,300 a month. The zoning allows for up to 3 stories of apartments, townhomes or cottage court developments. All lots are vacant except for a 3/1 house and a 3,000 sqft commercial building.
More Information MLS# 6226988
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,050,000
Sold Price: $1,050,000
Status: Closed
List Date: 2021-04-26
Location, Tax & Legal
Lot #: 1
Assessor's Map #: 25
Legal Description (Abbrev): MESA PER MCR 23/18 PT LOT 1 BLK 107 DAF W 50F EX S 5F E 25F W 30F OF SD LOT 1 BLK 107
Assessor's Parcel #: 138
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421002
Taxes: 534
Map Code/Grid: Q39
House Number: 4
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
County Code: Maricopa
Assessor Number: 137-25-138
Subdivision: MESA ARIZONA
Tax Year: 2020
General Property Description
Apx Total Acres: 0.77
Apx Total Acres G/N: G
Price Per Acre: 1623376.62
# Lots in Listing: 9
# Units Allowed: 25
Apx SqFt: 33466
Price Per SqFt: 37.35
Apx SqFt G/N: G
Lot Size Dimensions: 373x90
Horses: N
Street Frontage: 463
Zoning: T4NF!!!!!
Legal Info
Range: 5E
Section: 15
Township: 1N
Lot Number: 1
Special Listing Cond
Owner/Agent: 1
Pmt & Rate Info
Equity: 1250000
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
Text: 1
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Commercial Lot: 1
Residential Acreage: 1
Packaged Lot: 1
Zoned Presently
Multi-Family: 1
Commercial: 1
Potential Use
Single Family: 1
Multi-Family: 1
Commercial: 1
Pad Site: 1
Hotel/Motel: 1
Parcel Size
.50 - .99 Acres: 1
Current Density
40+ Units P/Acre: 1
Proposed Density
40+ Units P/Acre: 1
Development Status
Raw Land: 1
Plans Available: 1
On Site Imp Needed: 1
Land Features
Corner Lot: 1
Sidewalk(s): 1
North/South Exp: 1
East/West Exposure: 1
View
Mountain(s): 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
City Electric: 1
Topography
Level: 1
Gas
City Gas: 1
Existing Structures
Residence: 1
Warehouse: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Seller Approve Terms: 1
Owner May Carry: 1
Trade: 1
1031 Exchange: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Distance to Gas
On Property: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 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
Sold Info
Loan Type: Carryback
Loan Years: 3
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Center and University
Directions: East on University to property. The property is the North East corner of Center and University.
Geo Lat: 33.422551
Geo Lon: -111.831238
Status Change Info
Off Market Date: 2021-08-02
Under Contract Date: 2021-07-09
Close of Escrow Date: 2021-08-04
Sold Price: $1,050,000
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot; Commercial Lot; Residential Acreage; Packaged Lot
Zoned Presently: Multi-Family; Commercial
Potential Use: Single Family; Multi-Family; Commercial; Pad Site; Hotel/Motel
Parcel Size: .50 - .99 Acres
Current Density: 40+ Units P/Acre
Proposed Density: 40+ Units P/Acre
Development Status: Raw Land; Plans Available; On Site Imp Needed
Land Features: Corner Lot; Sidewalk(s); North/South Exp; East/West Exposure
View: Mountain(s)
Road Access Type: Alley
Road Surface Type: Asphalt; Concrete
Topography: Level
Existing Structures: Residence; Warehouse
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
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
New Financing: Cash; Conventional; Seller Approve Terms; Owner May Carry; 1031 Exchange; Trade
Environmental: None
Showing Notification Methods: Text
Lockbox Type: None
Listing Office:
Cluff Real Estate LLC
Last Updated: August - 25 - 2021
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