$350,000

1550 E University Dr Unit L1,2,3 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated payment $2,125/month

Total Views 3
-- Bed
-- Bath
1,998 Sq Ft
$175 Price per Sq Ft

Highlights

  • Central Air
  • Concrete Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

Exceptional opportunity to own a versatile commercial building featuring three separate office suites, each with its own private bathroom. This well-maintained property includes a 645 sq ft office on L1, a spacious 721 sq ft suite on L2, and a 632 sq ft office on L3. Each unit is self-contained—ideal for owner-users, investors, or those seeking a flexible multi-tenant setup. Whether you're looking to occupy one space and lease the others, or secure a fully leased investment, this property offers endless potential in a prime location.

Listing Agent

Lethe Lew

Desert River Realty License #BR569884000 Listed on: 06/13/2025

Co-Listing Agent

Fuhan Xiang

Desert River Realty License #SA697284000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,030

Year Built

  • Built in 1976

Lot Details

  • 1,998 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned C2

Parking

  • Free Parking

Home Design

  • Brick Exterior Construction
  • Foam Roof

Interior Spaces

  • 1,998 Sq Ft Home
  • Concrete Flooring

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 9,10,11
  • Assessor Parcel Number 137-39-072-A

Community Details

Overview

  • 3 Buildings
  • Stapley Dr And University Dr Subdivision

Additional Features

  • Reception Area
  • Operating Expense $9,530

Property Details

Property Type

Other

Est. Annual Taxes

$2,030

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: GILBERT & UNIVERSITY
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2024
  • Directions: On Stapley Dr turn east onto University Dr. Property on the north side.
  • Lot Size Acres: 0.05
  • Co List Office Mls Id: dsrv01
  • Co List Office Phone: 602-266-1238
  • Subdivision Name: Stapley Dr and University Dr
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1998.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick
  • Roof: Foam

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No

Utilities

  • Electric: SRP
  • Cooling: Central Air, Heat Pump
  • Heating: Electric
  • Green Building Features: Reception Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size Sq Ft: 1998.0
  • Parcel #: 137-39-072-A

Multi Family

  • Annual Operating Expense: 9530.42

Tax Info

  • Tax Annual Amount: 2030.42
  • Tax Book Number: 137.00
  • Tax Lot: 9,10,11
  • Tax Map Number: 39.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 For Sale $350,000 -- $175 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6879584

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Mesa 85203 Mesa Patios

1550 E University Dr Unit L1,2,3, Mesa, AZ

This home is located at 1550 E University Dr Unit L1,2,3, Mesa, AZ 85203 and is currently priced at $350,000, approximately $175 per square foot. This property was built in 1976. 1550 E University Dr Unit L1,2,3 is a home located in Maricopa County with nearby schools including Michael T. Hughes Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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Lethe Lew
Listing Agent
Lethe Lew
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Desert River Realty
(480) 771-7351