See all 27 photos
27 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,352,746
Est. payment /mo
1.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6768391
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1996
Annual Tax Amount $19,425
Tax Year 2023
Lot Size 1.248 Acres
Acres 1.25
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 out.
The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft This property offers an 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
The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft This property offers an 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
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
Read Less Info
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listed by DeLex Realty