$2,900,000
$100K PRICE DROP

1840 W Southern Ave Mesa, AZ 85202

West Central Mesa Neighborhood

Estimated payment $17,689/month

Total Views 2,335
-- Bed
-- Bath
16,201 Sq Ft
$179 Price per Sq Ft

Highlights

  • 1.26 Acre Lot
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

Back on Market 6/18! Location is exceptional just across from Mesa Community College, at Dobson just west is the Banner Desert Medical Campus and to the east is Fiesta Mall Redefined which is approved for 4,000 new housing units, 1.85 million sq. ft. of mixed use retail, restaurants and office with 500k sq. ft. of open space in the 80 acre master plan. This ''value add'' 16,200 +- center is presently 80% occupied with room to improve income and value. Approx present $156k NOI.

Listing Agent

William Clarkson

AZ Brokerage Holdings, LLC License #BR008674000 Listed on: 05/16/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $22,654

Year Built

  • Built in 1976

Lot Details

  • 1.26 Acre Lot
  • Block Wall Fence
  • Property is zoned LC

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 16,201 Sq Ft Home
  • Concrete Flooring

Parking

  • 102 Open Parking Spaces
  • 102 Parking Spaces
  • Public Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 305-06-005

Community Details

Overview

  • College Plaza Lots 1 Through 4 Subdivision

Building Details

  • Operating Expense $22,654
  • Gross Income $4,577,100
  • Net Operating Income $156,000

Property Details

Property Type

Other

Est. Annual Taxes

$22,654

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: West Southern & Dobson
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: LC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Stories: 1
  • Year Built: 1976
  • Tax Year: 2024
  • Directions: Just east of Dobson on the north side of the street
  • Lot Size Acres: 1.26
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: COLLEGE PLAZA LOTS 1 THROUGH 4
  • Structure Type: Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 16201.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Parking Lot, Paved
  • Attached Garage: No
  • Open Parking Spaces: 102.0
  • Total Parking Spaces: 102.0
  • General Property Description:Uncvrd Parking Spcs: 102.0
  • General Property Description:Total Parking Spcs: 102.0
  • Parking Features Paved Parking: Yes
  • Parking Features Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 54886.0
  • Parcel #: 305-06-005

Multi Family

  • Annual Gross Income: 4577100.0
  • Property Net Operating Income: 156000.0
  • Annual Operating Expense: 22654.0
  • Vacancy Allowance Rate: 20.0

Tax Info

  • Tax Annual Amount: 22654.0
  • Tax Book Number: 305.00
  • Tax Lot: 3
  • Tax Map Number: 6.00

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

Tax History

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 $22,654 $223,797 -- --
2024 $23,531 $219,801 -- --
2023 $23,531 $263,619 $124,321 $139,298
2022 $23,722 $253,943 $122,833 $131,110
2021 $24,698 $260,478 $126,342 $134,136
2020 $24,376 $264,114 $131,328 $132,786
2019 $22,775 $245,952 $116,982 $128,970
2018 $21,859 $236,844 $110,142 $126,702
2017 $21,207 $208,404 $101,970 $106,434
2016 $20,813 $187,830 $91,044 $96,786
2015 $20,105 $158,860 $85,267 $73,593
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $2,900,000 -3.3% $179 / Sq Ft
05/16/2025 05/16/25 For Sale $3,000,000 -- $185 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $2,600,000 Commonwealth Land Title Insura
Special Warranty Deed -- None Listed On Document
Quit Claim Deed -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6867397

Arizona Regional Multiple Listing Service (ARMLS)

APN: 305-06-005

Arizona Maricopa County Mesa 85202 West Central Mesa

1840 W Southern Ave, Mesa, AZ

This home is located at 1840 W Southern Ave, Mesa, AZ 85202 and is currently priced at $2,900,000, approximately $179 per square foot. This property was built in 1976. 1840 W Southern Ave is a home located in Maricopa County with nearby schools including Roosevelt 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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Listing Agent
William Clarkson
AZ Brokerage Holdings, LLC