4 W UNIVERSITY Drive 1, Mesa, AZ 85201 (MLS# 6226988)

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

Overview

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.

Listing Details MLS# 6226988

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Assessor Number: 137-25-138
Subdivision: MESA ARIZONA
Tax Year: 2020
Lot #: Yes
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

Contract Information

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

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!!!!!

Remarks Misc

Cross Street: Center and University
Directions: East on University to property. The property is the North East corner of Center and University.

Status Change Info

Off Market Date: 2021-08-02
Under Contract Date: 2021-07-09
Close of Escrow Date: 2021-08-04

Legal Info

Township: 1N
Range: 5E
Section: 15
Lot Number: Yes

More Information

Sold Info

Loan Type: Carryback
Loan Years: 3
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

Owner/Agent: Yes

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: Yes

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes
Commercial Lot: Yes
Residential Acreage: Yes
Packaged Lot: Yes

Zoned Presently

Multi-Family: Yes
Commercial: Yes

Potential Use

Single Family: Yes
Multi-Family: Yes
Commercial: Yes
Pad Site: Yes
Hotel/Motel: Yes

Parcel Size

.50 - .99 Acres: Yes

Current Density

40+ Units P/Acre: Yes

Proposed Density

40+ Units P/Acre: Yes

Development Status

Raw Land: Yes
Plans Available: Yes
On Site Imp Needed: Yes

Land Features

Corner Lot: Yes
Sidewalk(s): Yes
North/South Exp: Yes
East/West Exposure: Yes

View

Mountain(s): Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Electric

City Electric: Yes

Topography

Level: Yes

Gas

City Gas: Yes

Existing Structures

Residence: Yes
Warehouse: Yes

Distance to Cable

On Property: Yes

New Financing

Cash: Yes
Conventional: Yes
Seller Approve Terms: Yes
Owner May Carry: Yes
Trade: Yes
1031 Exchange: Yes

Distance to Phone

On Property: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Distance to Gas

On Property: Yes

Distance to Sewer

On Property: Yes

Existing 2nd Loan

Treat as Free&Clear: 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

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