840 W University Drive, Mesa, AZ 85201
- $1,150,000
- 8,820
- SqFt
- Sold Price
- $1,150,000
- List Price
- $1,195,000
- Closing Date
- Apr 29, 2025
- Days on Market
- 48
- Status
- CLOSED
- MLS#
- 6834216
- City
- Mesa
- Living SQFT
- 8,820
- Lot Size
- 22,743
- Subdivision
- Clement Place
- Year Built
- 1973
Property Description
Exceptional investment opportunity in the heart of a thriving business district across the street from a huge strip mall with many restaurants and services. This is a remarkable commercial strip mall for for the savvy investor as offices (what they are now)- or to use as a value add project and make apartments. Strategically located with immense potential and already has lucrative returns as office space. - Could also be a prime retail destination as well as apartment living. 11 Units (1-2story large chiropractic office rented) 2- single level offices with a total of 9 bathrooms (2-exterior accessed bathrooms)1 of the units is rented for 1500/mo, and the large 2 story chiropractic office is rented for 3500/mo. The property was in a long eviction court proceeding from previous owner and
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Additional Information
- Acres
- 0.52
- Construction
- Block
- Cooling
- Central Air
- Electric
- APS
- Fencing
- None
- Flooring
- Concrete
- Heating
- Electric
- Living Area
- 8,820
- Lot Size
- 22,743
- Parking Features
- Private
- Roofing
- Foam, Rolled/Hot Mop
- Sewer
- Public Sewer
- Subdivision
- Clement Place
- Taxes
- $8,097
- Tax Year
- 2024
- Water
- City Franchise
- Zoning
- M-H
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Listing courtesy of Raymond E Whitby. Selling Office: Arizona Platinum Properties LLC.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.