1535 E University Dr - Freestanding FOR SALE


Mesa, AZ 85203- Central Mesa
$2,000,000 USD
480-815-8275
1535 E University Dr, Mesa, AZ for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/6
null | 8.5% Cap Rate

1535 E University Dr
Mesa, AZ 85203
Central Mesa


HIGHLIGHTS

  • Newly renovated property with a new roof, HVAC, parking lot, landscaping, lighting, paint, and more.
  • Substantial T.I. package available for qualified tenants.
  • Prime frontage on E University Dr with excellent visibility
  • Surrounded by strong retail synergy and dense population
  • Flexible layout with white-box condition for customization
  • Substantial tenant improvement package available

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1535 E University Dr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

LC, Mesa

APN/PARCEL ID

138-06-146D

ASK ABOUT THIS PROPERTY

Dallin PaceCommercial Properties, Inc.More Info
480-815-8275

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Dallin PaceCommercial Properties, Inc.More Info
480-815-8275

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.