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NWC Recker & Adobe - Vacant Land 2.09 Acres of Residential Land Offered at $1,888,778 CAD in Mesa, AZ 85205
Investment Highlights
- Fully entitled for 38 condominium units under RM-3-PAD zoning.
- Surrounded by retail, dining, and recreational amenities.
- Close to major employers and educational institutions.
- Excellent access to Loop 202 and US-60 for regional connectivity.
- Strong market fundamentals with limited new condo supply in East Mesa.
- High-income demographics with projected growth through 2030.
Executive Summary
Property Facts
| Price | $1,888,778 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.09 AC |
| Property Type | Land | ||
| Zoning | RM-3-PAD | ||
| Price | $1,888,778 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.09 AC |
| Zoning | RM-3-PAD |
1 Lot Available
Lot
| Price | $1,888,778 CAD | Lot Size | 2.09 AC |
| Price Per AC | $903,721.47 CAD |
| Price | $1,888,778 CAD |
| Price Per AC | $903,721.47 CAD |
| Lot Size | 2.09 AC |
2.096-acre parcel in Mesa, AZ, fully entitled for 38 condominium units with RM-3-PAD zoning.
Description
The property consists of 2.096 acres of vacant multifamily land located at 5950 E Adobe Street in Mesa, AZ. It is fully entitled for 38 condominium units and zoned RM-3-PAD, offering flexibility for residential development. The site is situated in a well-established neighborhood with convenient access to major transportation routes, including Loop 202 and US-60, providing quick connectivity to the Phoenix metro area. Surrounding the property are numerous retail and lifestyle amenities such as Sprouts Farmers Market, Superstition Springs Center, and multiple golf courses. The area benefits from strong economic drivers, including major employers like Boeing, Meta, and Apple, as well as proximity to educational institutions such as ASU Polytechnic and A.T. Still University. This combination of location, entitlements, and market fundamentals makes the property an attractive development opportunity.
Property Taxes
| Parcel Number | 141-78-988 | Improvements Assessment | $0 CAD |
| Land Assessment | $61 CAD | Total Assessment | $61 CAD |
Property Taxes
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NWC Recker & Adobe - Vacant Land
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