NOT LISTED FOR SALE

1241 E Broadway Rd Mesa, AZ 85204

Reed Park Neighborhood
Studio
-- Baths
21,601 Sq Ft
0.55 Acre Lot

Sale Details

Date Sold: August 30, 2020

Last sale price $1,630,000 $75 Per Sq Ft

38 Days on Market

Highlights

  • 0.55 Acre Lot
  • Franklin at Brimhall Elementary School Rated A
  • Partially Fenced Property

About This Home

As of August 2020

Located in the heart of Mesa with nearby major revitalization projects already underway. 30,000+ vehicles pass directly along the 444 feet of frontage along major thoroughfare Broadway Road. Over 400,000 residents within a five mile radius. Professionally landscaped with shaded porch entrances for all tenants make this an attractive location for businesses. Opportunity to increase revenue with lease-up.
• Plenty of Parking
• Easy access, two curb cuts with two lanes each direction, center turn lane, close to US 60 freeway
• Area undergoing revitalization
• Close to Historic Downton Mesa: Museums, Colleges, Art Center, Shopping and Dining
Offering Memorandum available upon request.

Last Agent to Sell the Property

Hani Aldulaimi

Keller Williams Realty Phoenix License #BR533683000 Listed on: 04/08/2020

Keller Williams Realty Phoenix

Last Buyer's Agent

Hani Aldulaimi

Keller Williams Realty Phoenix License #BR533683000 Listed on: 04/08/2020

Keller Williams Realty Phoenix
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Property Details

Property Type

  • Other

Est. Annual Taxes

  • $17,700

Year Built

  • Built in 1977

Lot Details

  • 23,958 Sq Ft Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Additional Parcels
  • Property is zoned LC

Home Design

  • 21,601 Sq Ft Home
  • Foam Roof
  • Block Exterior

Parking

  • 81 Open Parking Spaces
  • 81 Parking Spaces

Listing and Financial Details

  • Tax Lot 139-03-156 F, H & K
  • Assessor Parcel Number 139-03-156-H

Community Details

Overview

  • 3 Buildings
  • Mesa Village Subdivision

Building Details

  • Gross Income $210,317
  • Net Operating Income $106,901

Property Details

Property Type

Other

Est. Annual Taxes

$17,700

Year Built

Built in 1977

Lot Details

0.55 Acres

Listing Details

  • Cross Street: Broadway Road & Stapley Drive
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: LC
  • Current Use: Retail, Service Business, Religious Facility, Office, Food Service
  • Number Of Buildings: 3
  • Year Built: 1977
  • Tax Year: 2019
  • Lot Size Acres: 0.55
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 10200.0
  • Subdivision Name: MESA VILLAGE
  • Structure Type: Commercial
  • Tax Parcel Letter: H
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Block, Partial
  • Construction Type: Block, Other, See Remarks
  • Roof: Foam
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 81.0
  • Total Parking Spaces: 81.0
  • General Property Description:Uncvrd Parking Spcs: 81.0
  • General Property Description:Total Parking Spcs: 81.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Fee Information

  • Trash Expense: 820.0
  • Annual Water Sewer Expense: 3486.54

Lot Info

  • Lot Size Sq Ft: 23958.0
  • Additional Parcels: Yes
  • Parcel #: 139-03-156-H
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 4525.0
  • Annual Gross Income: 210316.71
  • Insurance Expense: 1597.0
  • Maintenance Expense: 42837.0
  • Property Net Operating Income: 106901.0
  • Vacancy Allowance Rate: 0.07

Tax Info

  • Tax Annual Amount: 17700.0
  • Tax Book Number: 139.00
  • Tax Lot: 139-03-156 F, H & K
  • Tax Map Number: 3.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2022
Sold by
Alerica Corporation
Bought by

Purchase Details

Closed on
Apr 21, 2022
Sold by
Leon Elizalde Jonathan Michael and Leon Araceli
Bought by
Alerica Corporation

Purchase Details

Closed on
Jan 18, 2005
Sold by
Spanish Village Plaza Inc
Bought by
Hillcrest Plaza Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.8%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Reed Park, AZ

  • Sandy Lemley Real Estate Agent - West USA Realty

    Sandy Lemley

    West USA Realty

    (623) 263-1757

    47 Total Sales

    1 in Reed Park

    $1,215,000 Price

    Sandy Lemley
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  • Mizael Martinez Real Estate Agent - Coldwell Banker Realty

    Mizael Martinez

    Responds Quickly

    Coldwell Banker Realty

    (623) 263-4174

    50 Total Sales

    1 in Reed Park

    $900,000 Price

    Mizael Martinez
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  • Rich Giddings Real Estate Agent - Model Perfect Homes

    Rich Giddings

    Model Perfect Homes

    (623) 257-5482

    71 Total Sales

    2 in Reed Park

    $375K - $390K Price Range

    Rich Giddings
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  • Norma Millett Real Estate Agent - HomeSmart

    Norma Millett

    HomeSmart

    (623) 263-1685

    31 Total Sales

    1 in Reed Park

    $361,000 Price

    Norma Millett
     Section Image
  • Caroline Torres Real Estate Agent - eXp Realty

    Caroline Torres

    eXp Realty

    (480) 428-3793

    33 Total Sales

    1 in Reed Park

    $442,000 Price

    Caroline Torres
     Section Image
  • Lydia Magana Real Estate Agent - RE/MAX Fine Properties

    Lydia Magana

    RE/MAX Fine Properties

    (623) 323-7857

    79 Total Sales

    1 in Reed Park

    $285,000 Price

    Lydia Magana
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Alerica Corporation $3,425,000 Old Republic Title
Hillcrest Plaza Llc $2,000,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/30/2020 08/30/20 Sold $1,630,000 -3.8% $75 / Sq Ft
05/04/2020 05/04/20 Price Changed $1,695,000 -13.1% $78 / Sq Ft
04/07/2020 04/07/20 For Sale $1,950,000 -- $90 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,160 $173,935
2024 $18,288 $170,829
2023 $18,288 $289,748 $35,768 $253,980
2022 $18,437 $215,743 $19,458 $196,285
2021 $19,195 $238,247 $24,660 $213,587
2020 $18,945 $224,294 $18,865 $205,429
2019 $17,700 $224,294 $18,865 $205,429
2018 $16,989 $183,168 $21,312 $161,856
2017 $16,482 $175,788 $19,728 $156,060
2016 $16,176 $158,724 $17,154 $141,570
2015 $15,626 $125,819 $16,521 $109,298
Source: Public Records

Agents Affiliated with this Home

  • Hani Aldulaimi Real Estate Agent - Keller Williams Realty East Valley

    Seller's Agent in 2020

    Hani Aldulaimi

    Keller Williams Realty East Valley

    (480) 431-7022

    1 in this area

    33 Total Sales

    Hani Aldulaimi
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6063173

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-03-156H

Arizona Maricopa County Mesa 85204 Reed Park

1241 E Broadway Rd, Mesa, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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