1535 E University Dr 1535 E University Dr 12,536 SF 100% Leased Retail Building Mesa, AZ 85203 $2,791,840 CAD ($222.71 CAD/SF) 8.50% Cap Rate

Situated on a major thoroughfare with excellent visibility and accessibility, this property is surrounded by a diverse mix of residential neighborhoods, businesses, and educational institutions. Its central location places it within easy reach of downtown Mesa. Positioned on a major Mesa thoroughfare, 1535 E University Dr offers a rare opportunity to acquire a newly renovated freestanding retail property in one of the East Valley’s most dynamic trade areas. This ±12,536 SF asset comprises two buildings: a primary retail structure with ±9,414 SF on the ground floor and ±2,030 SF basement, plus a ±1,092 SF industrial storage building equipped with 3-phase power. The property has undergone extensive upgrades, including a new roof, resurfaced parking lot, modern lighting, fresh landscaping, and exterior paint, ensuring minimal near-term capital expenditure for investors.
Strategically located near downtown Mesa, the site benefits from strong visibility, easy access, and proximity to Loop 202 and major arterials. The surrounding area features a dense residential population and a vibrant mix of retailers, restaurants, and service providers, creating a high-traffic environment ideal for sustained tenant demand. With multiple tenancy potential and white-box condition interiors ready for customization, this property offers flexibility for owner-users or investors seeking value-add opportunities.
Mesa’s robust economic growth, coupled with its diverse demographic base, positions this asset for long-term appreciation. Contact the exclusive listing agent for pricing details and to explore this prime investment opportunity in the heart of Mesa’s retail corridor.