734 E BROADWAY Road, Mesa, AZ 85204

$800,000
Property Type: Comm/Industry Sale Square Footage: 4,591 Lot Size (sq. ft.): 15,000 Status: Closed
Current Price: $800,000 List Date: 2/24/2022 Last Modified: 4/07/2026

Overview

Description

A great investment opportunity! Retail space. Seven individual units, all 600 sf. each with private restrooms. 100% capacity, zero vacancies. Long term tenants in place, many with below market rents! Huge value add opportunity. This complex is very low maintenance and has been easy to find and maintain long term tenants. Excellent frontage off of Broadway Road with a monument sign. The City of Mesa is making improvements on Broadway Road in 2022 - burying the electrical pole and lines, beautifying the property. This will include new sidewalks and curb cuts. * DO NOT DISTURB TENANTS.

Listing Details MLS# 6359915

Location, Tax & Legal

Map Code/Grid
R39
House Number
734
Compass
E
Street Name
BROADWAY
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
2062
Country
US
County Code
Maricopa
Assessor Number
138-29-064-H
Tax Year
2021
Assessor's Map #
29
Legal Description (Abbrev)
W 100' OF E 383' OF S 190' OF SE4 SE4 SW4 EX S 40' RD .34 AC
Assessor's Parcel #
64
Assessor Parcel Ltr
H
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421501
Taxes
6552
Legal
W 100' OF E 383' OF S 190' OF SE4 SE4 SW4 EX S 40' RD .34 AC

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Retail
Ttl Apx SqFt Bldg
4591
# of Buildings
2
Lot Size Dimensions
149.22 X 99.2
Year Built
1973
Uncvrd Parking Spcs
22
Zoning
C-G
Flood Zone
No

Remarks Misc

Cross Street
Broadway and Horne

Status Change Info

Off Market Date
2022-04-08
Under Contract Date
2022-04-08
Close of Escrow Date
2022-05-09

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
NA

More Information

Income Expenses

Gross Annual Sch Inc
57569
Net Operating Income
48517

Sold Info

Loan Type
Carryback
Loan Years
3
Payment Type
Balloon
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes
Stucco
Yes

Roofing

Rolled
Yes

Floors

Concrete
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
3000
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
1200
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
6552
Operating Exp
17304
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
57569

Building Type

Commercial
Yes

Business Type

Retail
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
5.88
Equity
825000
Total Owed
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

Building Sign
Yes
Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

Up to 5,000
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Sewer

Sewer - Public
Yes

Parking Features

Paved
Yes

Electric

City Electric
Yes

Gas

None
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Block; Stucco Roofing: Rolled Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished Exterior: Building Sign; Monument Sign Fencing: None Parking Features: Paved Electric: City Electric Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange Showing Notification Methods: Text Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Road Surface Type: Asphalt Traffic Count: Up to 5,000 Environmental: None
IDX
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.