1818 E BASELINE Road Active Save Request In-Person Tour Request Virtual Tour
Mesa,AZ 85204
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6768391
Year Built 1996
Annual Tax Amount $19,425
Tax Year 2023
Lot Size 1.248 Acres
Acres 1.25
Source Arizona Regional Multiple Listing Service (ARMLS)
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 learning center Tenant has 3 years left of a 5-year lease and the Dermatology Tenant has 2 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 Air
Flooring Carpet,Ceramic Tile,Vinyl,Wood,Concrete
Exterior
Parking Features Paved
Fence Block
Roof Type Foam,Rolled/Hot Mop
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