6547 MAIN Street,  Mesa  (85205)

$3,325,000

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Listed By: John Klocek of ABI Multifamily (602-714-1400)

PROPERTY DETAILS

Address: view address
Mesa, AZ 85205
Map Location
Bedrooms: 0
Year Built:1940Property Type:Multi Family
Neighborhood:Desert Wells AmdCounty:Maricopa
List Date:2022-06-30Listing Number:6426617

PROPERTY DESCRIPTION

The Circle RB Lodge is an 18 unit motel with a manager unitand 8 RV / trailer parking spots (5 RV / trailers are ownedand included in the sale) located in the east submarket ofMesa, Arizona. The property is located approximately 8 milesdirectly east of Downtown Mesa via Main Street where a varietyof cultural activities and museums are readily available whichincludes the Mesa Arts Center, Arizona Museum of NaturalHistory, Mesa Contemporary Arts Museum, and the i.d.e.aMuseum. It is also 20 minutes away from two different Mesaspring training parks that bring a ton of seasonal activity tothe area. The property is well located in east Mesa with easyaccess to all parts of the Metroplex, being surrounded by majorthoroughfares such as the Loop 202 (4 miles to the north and. 3.5 miles to the east) and Highway 60 (2 miles to the south).Superstition Springs Mall and Mesa Pavilions are also bothminutes away where the nucleus of dining and shopping existsfor the east Mesa area.The property exhibits popular southwestern style and charm withtons of open space, and a quaint, quiet feel. The project is on1.76 +/- acres of land and has been operated as a monthlyrental and performs well. Value-add opportunities exist throughinterior renovations as well as through potentially addingunits to the RV portion of the property. Prospective investorscould continue to operate it as-is or convert to more marketrate apartments. A future redevelopment play is also an optiongiven the large land size and redevelop the site entirely in thefuture. This property has many different options and is a strongperformer with solid in-place financials. Mesa continues to beone of the most sought-after submarkets for new multifamilyresidential and mixed-use development with its proximity to oneof the nation's largest universities, its tremendous employmentopportunities, and its convenient, centralized location in theheart of the metroplex.

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Property and Lot Details

Subdivision:DESERT WELLS AMDTaxes:14,224
Transaction Type:SaleYear Built:1940

Community information and market data Powered by Onboard Informatics. Copyright ©2022 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2022 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2022 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: John Klocek of ABI Multifamily (602-714-1400)