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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 BELOW MARKET 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 and unique work environment of 1,900 sq.ft. available at $14/sq.ft Strategically located across the street, just steps away from Gilbert. Excellent value Gilbert location at Mesa prices. Just west of Gilbert Road, near the US-60 freeway, making it easily accessible. Boarders the Town of Gilbert which is across the street. Seller will Carry $1 million if needed. 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 yrs left of a 5-yr lease and the Dermatology Tenant has 2 yrs left of 5 yr lease.
Location
State AZ
County Maricopa
Area Maricopa
Zoning C-N, C-1
Interior
Heating Electric
Cooling Central Air
Flooring Carpet
Exterior
Parking Features Paved
Fence Block
Roof Type Foam,Rolled/Hot Mop
Private Pool No
Building
Dwelling Type Commercial,Office
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 139-09-003-A
Disclosures Seller Prop Disc Stm
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listed by DeLex Realty
