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1231 W Baseline Rd 3,926 SF Vacant Retail Building Mesa, AZ 85202 $2,619,967 CAD ($667.34 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding retail building with a drive thru. Great visibility and access at a high traffic intersection.
- Strong demographics with high household incomes
- Monument signage at a high-traffic intersection
- Flexible layout for food service or specialty retail
EXECUTIVE SUMMARY
The site features two operating suites—a drive-thru restaurant and a barbershop—both currently run by the seller, providing immediate income potential or flexibility for reconfiguration. Monument signage enhances brand exposure along Baseline Road, which sees traffic volumes exceeding 30,000 vehicles per day. Within a three-mile radius, the property serves a population of over 147,000 residents with a median household income of $74,000, supported by a vibrant mix of retail, dining, and residential communities. Proximity to major arterials, including U.S. 60 and Loop 101, ensures convenient access for customers and employees alike.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,926 SF
Building Class
C
Year Built/Renovated
1986/2022
Price
$2,619,967 CAD
Price Per SF
$667.34 CAD
Cap Rate
7%
NOI
$183,398 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.54 AC
Zoning
C-2, Mesa - Commercial
Parking
59 Spaces (15.03 Spaces per 1,000 SF Leased)
Frontage
139’ on Baseline Road
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Barbershop
- Services
-
99,999 SF
- -
- -
- Taco Land
- Accommodation and Food Services
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Barbershop | Services | 99,999 SF | - | - | ||
| Taco Land | Accommodation and Food Services | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 305-07-952A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $145,270 CAD |
PROPERTY TAXES
Parcel Number
305-07-952A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$145,270 CAD
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1231 W Baseline Rd
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