Mesa, AZ 85204,1818 E BASELINE Road
Mesa, AZ 85204,1818 E BASELINE Road
Mesa, AZ 85204,1818 E BASELINE Road
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$2,352,746
Est. payment /mo
1.25 Acres Lot
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UPDATED:

10/09/2024 02:44 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6768391

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1996

Annual Tax Amount $19,425

Tax Year 2023

Lot Size 1.248 Acres

Acres 1.25

Property Description

Great income producing property 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, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft This property offers an excellent location, just west of Gilbert Road, near the US-60 freeway, making it easily accessible. It is ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The Pediatric Tenant has 4 years left of a 5-year lease and the Dermatology Tenant has 3 years left of a 5-year lease. Working on leasing out the basement office. Pediatric Office 2,400 sq.ft., Pinnacle Dermatology Office 4,800 sq.ft. See Rent Roll in Photos Tab

Location

State AZ

County Maricopa

Zoning C-N, C-1

Interior

Heating Electric

Cooling Central A/C

Flooring Carpet, Ceramic Tile, Vinyl, Wood, Concrete

Exterior

Garage Paved Parking

Fence Block

Waterfront No

Roof Type Foam,Rolled/Hot Mop

Present Use Mixed Use,Service Business,MedicalDental,Office

Total Parking Spaces 34

Building

Dwelling Type Commercial,Office

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 139-09-003-A


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Arizona Regional MLS (ARMLS)
Listed by DeLex Realty

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Kodi Riddle

+1(480) 624-8019

Associate Broker / Owner | License ID: BR514965000

Associate Broker / Owner License ID: BR514965000

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1818 E BASELINE Road