Freestanding Mesa Office For Sale in Opportunity Zone

77 West University Drive Mesa, AZ 85201

Mesa
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,250,000
Last Verified:
Nov 14, 2024

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Highlights

  • Freestanding Office Building for Sale
  • Approximately 10,626 SF (+/- .71 Acre Lot)
  • DB-1 Zoning (Downtown Business District 1) for City of Mesa
  • Build-out Includes Private Offices, Reception Area, Conference Rooms
  • For Sale: $2,250,000.00 ($211.74 PSF)
  • Tax Incentives Available in Qualified Opportunity Zone
  • Monument Signage Available on Busy University Drive
  • Large Lot with Dedicated Parking, including Covered Parking
  • Near Historic Downtown Mesa, Mesa Riverview & Tempe Marketplace
  • Close Proximity to Loop 101, Loop 202, and US 60

Description

This offering is for an approximately 10,626 SF freestanding office building located on the SEC of University Drive and MacDonald Drive in Mesa, Arizona. The property offers a built-out office with reception area, restrooms, private offices, conference rooms, etc. and a large lot with dedicated parking. This site is just north of historic Downtown Mesa and is close to many business and retail amenities, including Mesa Country Club and Mesa Riverview. With Loop 202, Loop 101, and US 60 just minutes away, the rest of the valley is easily accessible. The property has great visibility with frontage and signage along busy University Drive which sees a traffic count of nearly 25,000 vehicles per day. This property also is within a qualified opportunity zone which provides tax incentives to buyer and investors.

This offering is for an approximately 10,626 SF freestanding office building located on the SEC of University Drive and MacDonald Drive in Mesa, Arizona. This site is just north of historic Downtown Mesa and is close to many business and retail amenities, including Mesa Country Club and Mesa Riverview. With Loop 202, Loop 101, and US 60 just minutes away, the rest of the valley is easily accessible. The property has great visibility with frontage and signage along busy University Drive which sees a traffic count of nearly 25,000 vehicles per day. This property also is within a qualified opportunity zone which provides tax incentives to buyer and investors.


Year Built: 1979
Building Size: 10626sq ft
Building Class: B
Lot Size: 0 acres


Documents

Brochure 77 W University Dr

Map of 77 West University Drive, Mesa, AZ, 85201

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.