840 W University Dr Mesa, AZ 85201
Riverview NeighborhoodEstimated payment $7,345/month
Total Views
191,701
--
Bed
--
Bath
8,820
Sq Ft
$135
Price per Sq Ft
Highlights
- 0.52 Acre Lot
- Cooling Available
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Concrete Flooring
About This Home
Exceptional investment opportunity in the heart of a thriving business district across the street from a huge strip mall with many restaurants and services. This is a remarkable commercial strip mall for for the savvy investor as offices (what they are now)- or to use as a value add project and make apartments. Strategically located with immense potential and already has lucrative returns as office space. - Could also be a prime retail destination as well as apartment living. 11 Units (1-2story large chiropractic office rented) 2- single level offices with a total of 9 bathrooms (2-exterior accessed bathrooms)1 of the units is rented for 1500/mo, and the large 2 story chiropractic office is rented for 3500/mo. The property was in a long eviction court proceeding from previous owner and
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,097
Year Built
- Built in 1973
Lot Details
- 0.52 Acre Lot
- Property is zoned M-H
Home Design
- Foam Roof
- Block Exterior
Interior Spaces
- 8,820 Sq Ft Home
- Concrete Flooring
Parking
- 20 Open Parking Spaces
- 27 Parking Spaces
- 7 Covered Spaces
Utilities
- Cooling Available
- Heating Available
Community Details
- Clement Place Subdivision
- Operating Expense $8,097
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 135-27-011-B
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $8,097 | $79,989 | -- | -- |
| 2024 | $8,410 | $78,561 | -- | -- |
| 2023 | $8,410 | $128,622 | $44,132 | $84,490 |
| 2022 | $8,479 | $137,796 | $41,178 | $96,618 |
| 2021 | $8,827 | $122,022 | $42,354 | $79,668 |
| 2020 | $8,713 | $112,572 | $41,562 | $71,010 |
| 2019 | $8,140 | $75,348 | $36,864 | $38,484 |
| 2018 | $7,813 | $76,788 | $35,028 | $41,760 |
| 2017 | $7,580 | $65,340 | $32,436 | $32,904 |
| 2016 | $7,439 | $63,414 | $28,206 | $35,208 |
| 2015 | $7,186 | $57,480 | $20,683 | $36,797 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | For Sale | $1,195,000 | -- | $135 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $895,000 | Empire Title Agency | |
| Special Warranty Deed | $780,000 | Wfg National Title Insurance C | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $845,000 | Seller Take Back |
Source: Public Records
About the Listing Agent
Ray has been in the commercial real estate business for over 23 years. He loves meeting people from every walk of life.
Ray's Other Listings
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6834216
APN: 135-27-011B
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.
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
Nearby Homes
- 350 N Westwood
- 1007 W 5th St
- 1061 W 5th St
- 921 W University Dr Unit 1143
- 921 W University Dr Unit 1101
- 921 W University Dr Unit 1099
- 921 W University Dr Unit 1136
- 709 W 2nd Place
- 755 W 2nd St
- 637 W 6th St
- 1035 W 2nd St
- 416 N Orange
- 633 W 1st St
- 444 W Clark St
- 141 N Date Unit 7
- 805 N Westwood
- 639 W Pepper Place Unit 107
- 639 W Pepper Place Unit A102
- 639 W Pepper Place Unit 109
- 510 N Alma School Rd Unit 139