Land•Multifamily•For Sale

Mesa Downtown District .70 ac + - Vacant Land

17 W University Dr, Mesa, Arizona 85201

Sale Price $425,000
Zoning DB-1 Downtown Business District, C-TC Commercial, Town Center
Land Area .7 Acres
Land Use MultiFamily, Retail, Office
Market Phoenix East Valley
Sub-Market Mesa Downtown, Town Center
2 Vacant Lots, approx 0.70 +/- acres, one block from the Mesa Convention Center; Inside the original Downtown Block. Many uses include MultiFamily, Retail, Office. Lot is 183' wide X 173' deep Mesa location characteristics Subject Property Location The subject property is located at 17 W University Drive in the City of Mesa, Maricopa County, Arizona. The subject property is in the Downtown City Center block and is a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in redevelopment in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along University Drive. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail extension. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, with generally allows up to 5 stories in new construction along the light rail corridor. St. Benedictine, Wilkes Universities are located in the downtown area. ASU (Arizona State University) is discussing a new campus in the City Center. Metro Phoenix Location The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.
  • DownTown City Center
  • Zoning: DB-1 Downtown Business District, C-TC Commercial, Town Center
5/9/2019 6:55:36 PM 5/9/2019 8:27:30 PM

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