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

Parking Features Paved Parking

Fence Block

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

New Construction No

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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Gordon Hageman

+1(480) 498-3334

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1818 E BASELINE Road