20, 32 & 36 South MacDonald
Retail
Marketing description
20, 32 & 36 South MacDonald in Mesa, AZ presents a compelling urban redevelopment opportunity in the heart of Downtown Mesa’s rapidly evolving core. The offering consists of adjacent parcels totaling ±0.51 acres with approximately 21,421 SF of historic improvements set within flexible Downtown Core (DC) zoning. The property, currently used for congregate residential and office functions, will require a comprehensive gut renovation to reposition the asset for modern mixed-use, retail, and/or office tenants.
Strategically located near Main Street, government facilities, cultural amenities, and Valley Metro light rail, the property is ideally configured for adaptive reuse. As-is, the portfolio benefits from significant underlying land value, urban walkability, and robust demand drivers for mixed-use product in a downtown environment undergoing substantial revitalization.
Location Description
TBD
Investment highlights
- Prime Redevelopment Opportunity in Downtown Mesa Located in the heart of Mesa’s revitalized urban core, with direct access to Main Street, civic amenities, and light rail connectivity.
- Flexible Zoning Enables Diverse End-Use Potential Downtown Core (DC) zoning allows for commercial, mixed-use, office, retail, and multifamily redevelopment.
- Historic Structures with Modern Reuse Potential Approx. 20,685 SF of existing vintage buildings. Ideal for full-scale renovation into creative office, boutique retail, or urban residential units.
- Architectural Character with Branding Value Original structures offer distinctive aesthetic appeal. Perfect for attracting tenants seeking authentic, character-rich spaces.
- Dynamic Submarket with Strong Growth Indicators Downtown Mesa is experiencing increased population, employment expansion, and residential densification, fueling demand for adaptive reuse projects.
- Pro-Business Planning & Expedited Entitlements Supportive municipal policies and civic support help streamline redevelopment timelines, reducing barriers for repositioning.
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