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$595,000
554 W RIO SALADO Parkway
Mesa, AZ 85201
MLS# 6973576
2 beds  |  1 baths


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Property Description
This expansive lot is zoned Multi‑Family (MF), currently, offering incredible flexibility for your future. The existing home needs a full renovation with the potential, to add additional units in the back in the future redevelop. Located in a close knit family oriented community, the property is within walking distance to Elementary, Junior High and High Schools. Listing agent can provide general contractor information to assist with remodel completion. There is only $100K allowance included in this price! At this stage Buyer can be involved in selection items/upgrades. A renewed permit is necessary as owner has demolition permit in process, that would need revoked, if Buyer wants to remodel and live in the home. The home may need additional funds according to Buyer's upgrades. SEE

Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $595,000
Status: Active
Current Price: $595,000
List Date: 2026-01-23
Location, Tax & Legal
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
Tax Municipality: Mesa
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
Subdivision: unknown
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Full Bathrooms: 1
Half Bathrooms: 0
Approx SQFT: 1342
Price/SqFt: 443.37
Approx Lot SqFt: 19922
Approx Lot Acres: 0.457
Horses: N
Builder Name: unknown
Lead Based Hazard Disclosure: No
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
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 2
Total Bathrooms: 1
Year Built: 1947
Legal Info
Range: 5E
Section: 16
Township: 1N
Lot Number: unk
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Combo: 1
Master Bathroom
3/4 Bath Master Bdrm: 1
Dining Area
Other (See Remarks): 1
Heating
Electric: 1
Kitchen Features
220 Volts in Kitchen: 1
Cooling
Central Air: 1
Laundry
Other: 1
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Fencing
Chain Link: 1
Water Source
City Water: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 2
Total Covered Spaces: 2
Carport Spaces: 2
New Financing
Cash: 1
VA: 1
Conventional: 1
Owner May Carry: 1
Trade: 1
Utilities
SRP: 1
Existing 1st Loan
Treat as Free&Clear: 1
Landscaping
Dirt Front: 1
Dirt Back: 1
Contact Info
List Agent Home Phn: 480-776-3176
Disclosures
None: 1
Possession
Close of Escrow: 1
Association Fee Incl
No Fees: 1
Assoc Rules/Info
None: 1
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
Master Bathroom: 3/4 Bath Master Bdrm
Spa: None
Dining Area: Other (See Remarks)
Kitchen Features: 220 Volts in Kitchen
Laundry: Other
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Cooling: Central Air
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Fencing: Chain Link
Landscaping: Dirt Front; Dirt Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Combo
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; Conventional; Owner May Carry; Trade
Disclosures: None
Supplements
The $100k is an estimate only, BEWARE! This is an entire remodel, to become FHA approved for finance. The current structure is being sold as-is, with the value primarily in the land and the current condition of the home needs a full remodel!! Ideal for builders, investors, or buyers looking to renovate or redevelop. Buyer to perform all due diligence regarding zoning, permits, and future use. Please reach out to discuss. A rare chance to restore or reimagine this home on this desirable lot. This project is offering a blank canvas for customization, expansion, or redevelopment. Perfect for buyers seeking a project in a sought-after location. Seller makes no representations regarding condition of the structure. Utilities, systems, and appliances have not been tested. Buyer responsible for verifying all development possibilities. 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!

IDX
Listing Office: West USA Realty

Last Updated: January - 27 - 2026

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