Retail•Vehicle Related•For Sale

2126-2128 W Main - Redevelopment

2126-2128 W Main St, Mesa, Arizona 85201

Sale Price $775,000
Sale Type Development
Zoning C-3 & RM-4 Residential MultiFamily
Bldg Type Multi-Tenant
Year Built 1945
Stories 1
Vacancy 100%
Gross Bldg 2,576 SqFt
Land Area .79 Acres
Ceiling Height 10.0 Ft
Market Phoenix
Sub-Market East Valley
2 properties available, must be sold together (0.79 acres); These are available with an Assemblage with 2130 W Main (0.85 acres), Total available contiguous is 1.64 acres +/-. The Highest & Best Use would be MultiFamily, due to light rail, proximity to Dobson Station and major cross streets (Dobson & Main St). Location characteristics The subject property is located at 2126-2128 W Main Street in the City of Mesa, Maricopa County, Arizona. The subject property on the West side near the City of Tempe border 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 Main Street. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail. 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.
  • Assemblage available
  • 0.79 acres +/-
  • 2 properties in this Listing must be sold together: 2128 W Main, and 32 N Santa Barbara
5/9/2019 6:57:37 PM 4/28/2020 2:09:54 AM
Bryan Watkins
Principal, Designated Broker
LRA Real Estate Group


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