$495,000
Mesa, AZ 85201
MLS# 6971960
Property Description
Prime Multi‑Family lot opportunity in Mesa! This very large lot is zoned Multi‑Family, offering incredible flexibility for investors and developers. Renovate the existing home, which is still an option, and add more units! Prime to build a brand‑new multi‑family property. Preliminary plans for a four‑plex and five plex have already been initiated and are available in the doc tab, giving a head start on design ideas. The property has already undergone the Development Incentive Permit (DIP) review with the City of Mesa, receiving pre‑approval from the City Council for the 4 unit version. Only a few final steps remain to complete the DIP process and advance to full plan review with the Planning and Development Department.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $495,000
List Price: $495,000
Status: Active
List Date: 2026-01-21
Location, Tax & Legal
Lot #: -
Assessor's Map #: 16
Legal Description (Abbrev): S 330' OF E 66' OF W 132' SW4 SE4 NE4 EX S 36' RD .50 AC
Assessor's Parcel #: 41
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421102
Taxes: 1066
House Number: 554
Compass: W
Street Name: RIO SALADO
St Suffix: Parkway
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 4008
County Code: Maricopa
Assessor Number: 135-16-041
Tax Year: 2025
General Property Description
Apx Total Acres: 0.46
Apx Total Acres G/N: G
Price Per Acre: 1076086.96
Apx SqFt: 19922
Price Per SqFt: 24.85
Apx SqFt G/N: G
Lot Size Dimensions: 19,404
Flood Zone: No
Horses: N
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Emerson Elementary School
Jr. High School: Carson Junior High School
High School: Westwood High School
Zoning: M-H, RM-2
Legal Info
Range: 5E
Section: 16
Township: 1N
Lot Number: -
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 495000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Combo: 1
Existing Land Use
Residential Lot: 1
Other (See Rmks): 1
Zoned Presently
Multi-Family: 1
Parcel Size
.25 - .49 Acres: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Gas
City Gas: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Seller Approve Terms: 1
Owner May Carry: 1
Trade: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Distance to Gas
On Property: 1
Distance to Sewer
Under 350 Feet: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-754-9311
Remarks Misc
Cross Street: Rio Salado and Country Club
Directions: North 202 freeway to Alma School exit, go South to Rio Salado Pkwy and turn left. Property is approximately 3/4 mile on your left.
Geo Lat: 33.430092
Geo Lon: -111.843721
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Other (See Rmks)
Zoned Presently: Multi-Family
Parcel Size: .25 - .49 Acres
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: City Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Seller Approve Terms; Owner May Carry; Trade
Environmental: None
Lockbox Type: Combo
Fencing: Chain Link
Supplements
Seller will give ample time to go through the approval process. Owner met with the City of Mesa to request building 5 units instead of 4 units, with 3 bd/2 bth plans, with garages and the meeting was conceptually approved. Listing agent has further details and information regarding the timing from here! All plans are "subject to" the City of Mesa's final approval. Seller has met with the Senior Economic Development Project Manager for Development Services, who has intricate personal knowledge of this site and history of the area, an amazing resource who is very helpful in this redevelopment project!
Location Highlights:
" Centrally situated near Mesa Riverview and Tempe Marketplace.
" Only 5 miles to ASU campus.
" Easy access to Loop 101 and Loop 202 freeways!!
" Just down the street from the Chicago Cubs Spring Training Stadium!
" Surrounded by shopping, dining, and entertainment options
Whether you choose to renovate, redevelop, or pursue the four plex plans, townhome lots, this property offers exceptional potential in a thriving area. A rare opportunity to capitalize on Mesa's growth with multiple exit strategies available!
Listing Office: West USA Realty
Last Updated: January - 21 - 2026
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