Listed by ABI Multifamily LLC, ABI Multifamily LLC ABI Phoenix
$3,000,000
Downtown Mesa 60 - Development Opportunity
Details
APN 138-51-010-B, 138-51-012-A, 138-51-007-A
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 67,757
Units 60
Tenancy Vacant
Price per SqFt $44
Class A
Buildings 4
Stories 3
Acreage 1.560
Zoning DR-3
Parking Spaces 65 spaces
Parking Per SqFt 0.96
Investment Type Redevelopment
Sale Condition Bank owned foreclosure
MESA 60: Prime 60-Unit Multifamily Development | Downtown Mesa Arizona Opportunity Zone (QCT)
Marketing description
Unlock the potential of Downtown Mesa with this 60-unit residential development opportunity. Strategically located in a certified Opportunity Zone (QCT) as of May 2026, this three-story, transit-oriented project offers rapid development potential with preliminary site plans and architectural plans already approved. Positioned in the heart of the ongoing Downtown Mesa revitalization, this project offers high ROI potential for a new build in a high-demand rental market.
This three-story development serves the high demand for modern, attainable housing in a growing, walkable urban environment. The site is designed for luxury modern living featuring in-suite laundry, spacious floor plans, and private balconies / patios.
Investment highlights
- 60 Stacked Multifamily Units (42 2-Bedroom / 2-Bathroom Units & 18 1-Bedroom / 1-Bathroom Units Averaging ~740 SF)
- Preliminary Site Plan & Architectural Plans Completed (Buyer Can Adopt Existing or Propose New Designs)
- Planned Amenities: Central Courtyard With Pool, Turfed Recreation Areas, BBQ/Picnic Areas, & Secure Covered Parking
- Located Within a Certified Opportunity Zone (OZ) & Qualified Census Tract (QCT), Offering Significant Tax Incentives as of May 2026
- Steps Away From Local Breweries, Dining, the Mesa Arts Center, & the Historic Robson District Blending Cultural Charm With Urban Energy
- Located 0.13 Miles (3 Minute Walk) From the Valley Metro Bus (Main Street / Macdonald Stop), 0.3 Miles (6-8 Minute Walk) From the Valley Metro Light Rail (Country Club / Main Street), & Approximately 10 Minutes to Phoenix Sky Harbor International Airport
Listing Contacts
Listed by ABI Multifamily LLC, ABI Multifamily LLC ABI Phoenix
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