NOT LISTED FOR SALE
-- Bed
-- Bath
10,000 Sq Ft
0.34 Acres

Last Sold October 28, 2016

Last sale price $585,000 $58 Per Sq Ft

105 Days on Market

Highlights

  • 0.34 Acre Lot
  • Meeting Room
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Display Windows
  • Concrete Flooring

About This Home

As of October 2016

10,000 SF, Free Standing building in the heart of Downtown Mesa. Steps away from the new Mesa light rail station and visible from Main Street. New Roof system with 14 ft clear height. Retail glass front with 3 separate entrances.
Street and on site parking. Building also includes 3 roll up doors and approximately 400 SF of basement storage. Building has many potential uses such as - restaurant, sports bar, gym, fitness center, school, creative office, street retail, flex retail warehouse. Historic building with flexible zoning storefront.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 05/09/2016

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,598

Year Built

  • Built in 1915

Lot Details

  • 0.34 Acre Lot
  • Property is zoned C, TCC

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 10,000 Sq Ft Home
  • Display Windows
  • Concrete Flooring
  • Basement

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Central Air
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 138-42-023-A

Community Details

Amenities

  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $6,598

Property Details

Property Type

Other

Est. Annual Taxes

$6,598

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Cross Street: Main and Country Club
  • Property Type: Comm/Industry Sale
  • Zoning: C, TCC
  • Current Use: Mixed Use, Office, Warehouse
  • Number Of Buildings: 1
  • Year Built: 1915
  • Tax Year: 2015
  • Directions: From Country Club, East on Main, South of Robson to property on East side of street
  • Lot Size Acres: 0.34
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Commercial, Distribution/Warehse
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Over 220 Amp, City Electric
  • Cooling: Heat Pump, Warehouse Evap, Warehouse A/C, Office Evap, Office A/C, Central A/C
  • Heating: Heat Pump, 2 or More Units, Electric
  • Green Building Features: Basement, Conference Room, Reception Room, Display Window(s)
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Office Heated: Yes
  • Heating:Warehouse Heated: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Display Window(s): Yes
  • Amenities:Basement: Yes

Lot Info

  • Lot Size Sq Ft: 14600.0
  • Additional Parcels: No
  • Parcel #: 138-42-023-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 6598.0

Tax Info

  • Tax Annual Amount: 6598.0
  • Tax Book Number: 138.00
  • Tax Lot: 5
  • Tax Map Number: 42.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2024
Sold by
Gray Spike Incorporated
Bought by
Grey Spike Llc

Purchase Details

Listed on
May 9, 2016
Closed on
Oct 17, 2016
Sold by
Radman Zlatko Andy
Bought by
Gray Spike Incorporated
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$645,000
Sold Price
$585,000
Premium/Discount to List
-$60,000
-9.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$785,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2012
Sold by
Namdar Llc
Bought by
Radman Zlatko Andy

Purchase Details

Closed on
Dec 12, 2006
Sold by
Gv Partnership
Bought by
Namdar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.33%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grey Spike Llc -- None Listed On Document
Gray Spike Incorporated $585,000 Old Republic Title Agency
Radman Zlatko Andy -- None Available
Namdar Llc $275,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Incorrporated Gray Spike $755,275
Previous Owner Gray Spike Incorporated $785,000
Previous Owner Namdar Llc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2016 10/28/16 Sold $585,000 -9.3% $59 / Sq Ft
08/22/2016 08/22/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $645,000 -- $65 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $13,658 $117,888 -- --
2024 $14,120 $115,783 -- --
2023 $14,120 $148,002 $32,521 $115,481
2022 $14,221 $134,296 $19,268 $115,028
2021 $14,585 $151,542 $19,818 $131,724
2020 $7,721 $80,298 $19,998 $60,300
2019 $7,317 $74,628 $19,782 $54,846
2018 $7,086 $73,962 $17,874 $56,088
2017 $6,922 $63,972 $16,560 $47,412
2016 $6,822 $73,800 $14,400 $59,400
2015 $6,598 $48,711 $12,414 $36,297
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5440117

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-42-023A