Listed by Commercial Properties Inc Tempe
$8,500,000
Mesa Village Shopping Center
Details
APN 138-04-001Q; 138-04-001M; 138-04-001L
Property Type Retail
Sub Type Commercial, Neighborhood Center
Square Footage 56,095
Tenancy Multi
Lease Type Gross
Remaining Term 2
Year Built 1975
Acreage 9.600
Zoning C-3
Parking Spaces 300 spaces
Parking Per SqFt 5.35
Investment Type Redevelopment
Multifamily or Retail Redevelopment Play!
Marketing description
Mesa Village Shopping Center offers ±56,095 SF of prime
retail space, featuring one main building with two suites, two
freestanding buildings, and one PAD. Situated at the bustling
northwest corner of Main and Gilbert Road in Mesa, AZ, the
property enjoys high visibility and strong traffic flow.
This vibrant location presents an excellent opportunity for
multifamily redevelopment, as well as other possibilities such
as office, medical, or mixed-use projects. With ample space
to create modern living, workspaces, or service-oriented
developments, the site provides flexibility to cater to Mesa’s
growing community.
Its strategic corner location ensures convenient access to
transportation, dining, and entertainment, making it ideal for
a variety of development options.
1940 E Main St:
This ±13,283 SF event retail space offers investors and developers a compelling combination of immediate income and/or future redevelopment potential. Currently occupied by a successful wedding and event venue, the property also features three truckwell loading positions on the west side of the property, an outdoor courtyard on the north side of the property, and abundant parking at the front of the building.
60 N Gilbert Rd:
This ±2,520 SF retail building provides investors with a stable, income-generating asset in a high-traffic location. Currently occupied by Roll It Motors, an established auto dealership, this site offers ample parking and prominent signage opportunities, making it ideal for a variety of retail or service-oriented businesses.
1928 E Main St:
This ±2,970 SF retail building offers investors a secure and stable investment opportunity with a proven tenant. Fully occupied by Risas Dental, a well-established and growing dental practice, this property benefits from excellent visibility and easy access along a major thoroughfare. Ample parking and prominent signage further enhance the appeal of this attractive investment.
1906 E Main St:
This expansive ±33,418 SF vacant retail space presents a rare opportunity to establish a significant presence in a prime Mesa location. This versatile space features an inviting outdoor covered patio, perfect for creating a dynamic customer experience. With its generous square footage and prominent corner location, this blank canvas is ideal for a variety of retail concepts, entertainment venues, or innovative mixed-use developments.
The property is strategically located at the signalized intersection of E Main St and Gilbert Rd in Mesa, AZ, a highly visible and accessible location with strong traffic counts. This intersection benefits from its proximity to the Gilbert Rd/Main St light rail station, providing convenient access to public transportation. The surrounding area is a vibrant mix of retail, restaurants, and residential developments, offering a diverse customer base and ample amenities for potential tenants.
NWC of Main St and Gilbert Rd
Investment highlights
- Main St and Gilbert Rd Frontage
- Centralized Mesa Location
- Adjacent to Valley Metro Light Rail
- 138-04-001Q 1902 E Main St ±57,839 SF (±1.34 Acres)
- 138-04-001M 1928 E Main St ±72,125 SF (±1.66 Acres)
- 138-04-001L 1936 E Main St ±288,545 SF (±6.62 Acres)
- Total ±418,509 SF (±9.60 Acres)
Listing Contacts
Listed by Commercial Properties Inc Tempe
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Name
License
Brokerage
Title
Is there information that looks off?
