5308 E Main Street _, Mesa, AZ 85203

$1,100,000
Property Type: Land Lot Size (sq. ft.): 101,130 Status: Closed
Current Price: $1,100,000 List Date: 11/03/2024 Last Modified: 4/01/2025

Overview

Description

THis is a project currently being rezoned from LC to Rm-4 Site Plan for a 45 unit apartment complex. consisting of 4-3 -story buildings. 12 1-bedroom 1- bath, 33- 2bedroom 2 bath

Listing Details MLS# 6779306

Location, Tax & Legal

House Number
5308
Compass
E
Street Name
Main
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Country
US
County Code
Maricopa
Assessor Number
141-76-014
Tax Year
2023
Lot #
_
Assessor's Map #
76
Legal Description (Abbrev)
W2 W2 SE4 SW4 NW4 EX S 50' 2.31 AC
Assessor's Parcel #
14
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420214
Taxes
6469
Marketing Name
5308 Main Modern

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
2.32
Apx Total Acres G/N
N
Price Per Acre
538793.1
# Lots in Listing
Yes
Apx SqFt
101130
Price Per SqFt
12.36
Apx SqFt G/N
N
Lot Size Dimensions
165'X620'
Irrigation District
n
Horses
N
Street Frontage
165
Zoning
LC
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
O'Connor Elementary School
Jr. High School
Brimhall Junior High School
High School
Red Mountain High School

Remarks Misc

Cross Street
Main Street & Higley Road
Directions
Approximately 700 feet east of Higley Rd on Main St, east of office 5252 E Main St

Status Change Info

Off Market Date
2025-02-02
Under Contract Date
2025-01-28
Close of Escrow Date
2025-03-31

Legal Info

Township
1N
Range
6E
Section
23
Lot Number
_

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
No Notification Required to Show
Yes

Sold Info

Loan Type
Conventional
Closing Cost Split
Seller Paid - S
Buyer Concession $/%
$
Seller Concession to Buyer
500
Seller Concession $/%
$
Buyer Concession to Seller
0

Special Listing Cond

Owner/Agent
Yes
N/A
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

Lockbox Type

None
Yes

Existing Land Use

Other (See Rmks)
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

1.00 - 2.49 Acres
Yes

Current Density

21 - 25 Units P/Acre
Yes

Proposed Density

21 - 25 Units P/Acre
Yes

Development Status

Raw Land
Yes

Land Features

North/South Exp
Yes

Elevation

1,001 - 2,000 Ft
Yes

Elevation Source

Topo Survey
Yes

Vegetation

Natural Vegetation
Yes

Land Configuration

Square Rectangular
Yes

Road Access Type

Private Road
Yes

Road Responsibility

City Maintained Road
Yes

Traffic Count

25,001 to 35,000
Yes

Fencing

Block
Yes
Chain Link
Yes
Partial
Yes

Water Source

City Franchise
Yes

Freeway/Highway

2.1 - 5 Miles
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes

Topography

Level
Yes

Gas

None
Yes

Existing Structures

None
Yes

Distance to Cable

Under 350 Feet
Yes

New Financing

Cash
Yes
No Carry
Yes

Distance to Phone

Under 350 Feet
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Distance to Gas

None
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

Soil Test
Yes
Boundary Survey Avlb
Yes
ALTA Survey Alba
Yes

Environmental

Phase I Available
Yes

Existing Other Loan

Not Applicable
Yes

Property Features

Special Listing Cond: Owner/Agent; N/A Existing Land Use: Other (See Rmks) Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: 1.00 - 2.49 Acres Current Density: 21 - 25 Units P/Acre Proposed Density: 21 - 25 Units P/Acre Development Status: Raw Land Land Features: North/South Exp Elevation: 1,001 - 2,000 Ft Elevation Source: Topo Survey Vegetation: Natural Vegetation Land Configuration: Square Rectangular Road Access Type: Private Road Road Responsibility: City Maintained Road Traffic Count: 25,001 to 35,000 Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: On Property Distance to Electric: On Property Distance to Gas: None 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 Other Loan: Not Applicable New Financing: Cash; No Carry Environmental: Phase I Available Showing Notification Methods: No Notification Required to Show Lockbox Type: None Fencing: Block; Chain Link; Partial
IDX
Listing Office: DeLex Realty
Last Updated: April - 01 - 2025
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