840 W University Drive, Mesa, AZ 85201
- $1,150,000
- 8,820
- SqFt
- Sold Price
- $1,150,000
- List Price
- $1,195,000
- Status
- CLOSED
- Days on Market
- 48
- Closing Date
- Apr 29, 2025
- MLS#
- 6834216
- Subtype
- Comm/Industry Sale
- Year Built
- 1973
- Living Area
- 8,820
- Lot Size
- 22,743
- Acres
- 0.52
- Subdivision
- Clement Place
Property Description
Exceptional investment opportunity in the heart of a thriving business district across the street from a huge strip mall with many restaurants and services. This is a remarkable commercial strip mall for for the savvy investor as offices (what they are now)- or to use as a value add project and make apartments. Strategically located with immense potential and already has lucrative returns as office space. - Could also be a prime retail destination as well as apartment living. 11 Units (1-2story large chiropractic office rented) 2- single level offices with a total of 9 bathrooms (2-exterior accessed bathrooms)1 of the units is rented for 1500/mo, and the large 2 story chiropractic office is rented for 3500/mo. The property was in a long eviction court proceeding from previous owner and
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Additional Information
- Taxes
- $8,097
- Zoning
- M-H
- Flooring
- Concrete
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Parking Features
- Private
Mortgage Calculator
Listing courtesy of Listing Agent: Ray Whitby () from Listing Office: Raymond E Whitby.
Selling Office: Arizona Platinum Properties LLC.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.