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$ 2,352,746
Est. payment /mo
Active
1818 E BASELINE Road Mesa, AZ 85204
1.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6768391
Year Built 1996
Annual Tax Amount $19,425
Tax Year 2023
Lot Size 1.248 Acres
Acres 1.25
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Great income producing property with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased. The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft Excellent location, just west of Gilbert Road, near the US-60 freeway, making it easily accessible. It is ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The learning center Tenant has 3 years left of a 5-year lease and the Dermatology Tenant has 2 years left of a 5-year lease. Working on leasing out the basement office. Pediatric Office 2,400 sq.ft., Pinnacle Dermatology Office 4,800 sq.ft. See Rent Roll in Photos Tab. SELLER WILL CARRY $1,000,000 if needed.
Location
State AZ
County Maricopa
Zoning C-N, C-1
Interior
Heating Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile, Vinyl, Wood, Concrete
Exterior
Parking Features Paved
Fence Block
Roof Type Foam,Rolled/Hot Mop
Total Parking Spaces 34
Building
Dwelling Type Commercial,Office
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 139-09-003-A
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Listed by DeLex Realty