510 S Lewis, Mesa, AZ 85210

$850,000
Property Type: Comm/Industry Sale Square Footage: 2,001 Lot Size (sq. ft.): 32,605 Status: Closed
Current Price: $850,000 List Date: 2/05/2023 Last Modified: 3/31/2023

Overview

Description

Great Industrial location in Mesa. These 6 parcels and 2000 sq.ft. building is zoned L1. Corner lot with access off of both Vine and Lewis. Large storage lot. Sewer line improvements made recently. The lots are fenced all around, and partially paved with covered parking. There is also an outside work station. Tenants pay rent and the utilities. Potential for additional rent, or use the property for your business. This location is close to the freeways and downtown Mesa.

Listing Details MLS# 6516767

Location, Tax & Legal

Map Code/Grid
R39
House Number
510
Compass
S
Street Name
Lewis
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85210
Zip4
8534
Country
US
County Code
Maricopa
Subdivision
MESA STADIUM PLACE
Assessor Number
139-37-030-A
Tax Year
2022
Assessor's Map #
37
Legal Description (Abbrev)
LOT 28 MESA STADIUM PLACE MCR 006631
Assessor's Parcel #
30
Assessor Parcel Ltr
A
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
422001
Taxes
3893
Legal
LOT 28 MESA STADIUM PLACE MCR 006631
Marketing Name
Mesa Stadium Place

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Industrial
Ttl Apx SqFt Bldg
2001
# of Buildings
Yes
Year Built
1960
Uncvrd Parking Spcs
7
Zoning
L1

Remarks Misc

Cross Street
Vine and Lewis
Directions
South of Broadway on Lewis. Property is at the NWC of Vine and Lewis.

Status Change Info

Off Market Date
2023-03-31
Under Contract Date
2023-02-14
Close of Escrow Date
2023-03-31

Legal Info

Township
1N
Range
5E
Section
27
Lot Number
28

More Information

Income Expenses

Gross Annual Sch Inc
41316
Net Operating Income
36029

Contact Info

List Agent Home Phn
480-518-3882

Sold Info

Loan Type
Conventional
Loan Years
30
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
Metal
Yes

Roofing

Metal
Yes

Floors

Concrete
Yes

Income & Expenses

Annual Ins Exp
1274
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
120
Operating Exp
5287
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
41316

Building Type

Commercial
Yes
Industrial
Yes

Business Type

Mixed
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
4.12
Equity
875000
Total Owed
0

Ceiling Height

8 Feet or Less
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Phone System
Yes
Public Restrooms
Yes

Loading Facilities

Grade Level
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes
Chain Link
Yes

Water Source

City Franchise
Yes

Freeway/Highway

2.1 - 5 Miles
Yes

Sewer

Sewer - Public
Yes

Parking Features

Fenced
Yes
Free
Yes

Electric

City Electric
Yes
220 Volts
Yes

Gas

City Gas
Yes

New Financing

Other (See Remarks)
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial; Industrial Business Type: Mixed Stories: 1 Story Construction: Block; Metal Roofing: Metal Floors: Concrete Ceiling Height: 8 Feet or Less Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished; Phone System; Public Restrooms Fencing: Block; Chain Link Parking Features: Fenced; Free Electric: City Electric; 220 Volts Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Source of Fincl Data: Owner Environmental: None
IDX
Listing Office: SLW Realty Group, LLC
Last Updated: March - 31 - 2023
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