Listed by Colliers - Scottsdale, Arizona
$1,531,579
104 E 1st Ave
Details
APN 138-39-014C
Property Type Retail
Sub Type Community Center, Entertainment Venue
Square Footage 6,381
Net Rentable (SqFt) 6,381
Cap Rate 7.60%
NOI $116,400
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $240
Class C
Year Built 1965
Year Renovated 2025
Stories 1
Zoning C-DT
Investment Type Net Lease
Ceiling Height 12'
Sale Condition For sale by owner
For Sale | Single Tenant Investment Opportunity | DT Mesa
Marketing description
Prime single-tenant investment opportunity in the heart of Downtown Mesa! This ±6,381 SF freestanding building at 104 E 1st Avenue offers a vibrant mix of entertainment and retail, The Rosetta Room, a sister location to the historic Nile Theater. Recently renovated in 2025 with a new roof and HVAC, the property sits in a rapidly growing district with strong residential, retail, and institutional development. Offered at reduced price of $1,531,579 with a 7.6% cap rate, this property delivers historic character and modern upgrades in one of Mesa’s most dynamic urban corridors.
Listing Contacts
Listed by Colliers - Scottsdale, Arizona
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$116,400.00
$9,700.00/mo
Valuation Metrics
0
DSCR
7.6%
Cap Rate
7.6%
ROI
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