340 W UNIVERSITY Drive # 1 Mesa, AZ ^$ 4,200,000

340 W UNIVERSITY Drive # 1

^$ 4,200,000

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340 W UNIVERSITY Drive # 1

Mesa, AZ, 85201

^$ 4,200,000

Bedrooms-- Baths-- Sq 34,822

Monthly Estimate*

^$ 26,203

340 W UNIVERSITY Drive # 1, Mesa, AZ 85201 - Image 1

340 W UNIVERSITY Drive # 1, Mesa, AZ 85201 - Image 2

340 W UNIVERSITY Drive # 1, Mesa, AZ 85201 - Image 3

340 W UNIVERSITY Drive # 1, Mesa, AZ 85201 - Image 4

340 W UNIVERSITY Drive # 1, Mesa, AZ 85201 - Image 5

340 W UNIVERSITY Drive # 1, Mesa, AZ 85201 - Image 6

340 W UNIVERSITY Drive # 1, Mesa, AZ 85201 - Image 7

Commercial Property for sale in Mesa, AZ

for $4,200,000. This 34,822 square foot building was built in 1974 on a lot size of 2.77.

Great property to redevelop short term leases allow Buyer opportunity to rezone and design new project. city of Mesa is supportive of redeveolping the corner

Commercial Active

Price

^$ 4,200,000

Property Type

Commercial

Taxes

^$ 34,761

Style

Comm/Industry Sale

Lot Size

2.77

Year Built

1974

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6887330

Features

General

Sewer Public Sewer

Heating See Remarks

Cooling See Remarks

Roof Foam

Zoning DB-1 LC

Construction Materials Stucco Block

Year Built 1974

Electric Other (See Remarks) City Electric

Unit Number 1

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 1708732.0

Business Type Bar/Tavern/Lounge Professional/Office Barber/Beauty Food Service Retail Restaurant Religious Facility

County Maricopa

Net Operating Income 277482.0

Property Type Comm/Industry Sale

Attached Garage N

Subdivision Name MESA ARIZONA

Status Active

Directions hard corner multiple driveways on University Dr and Country Club

City Mesa

Disclosures ALTA Survey Availbl

Open Parking Spaces 80.0

Lot Size Units Square Feet

Lot Size Square Feet 120500.0

Carport Y/N N

Tax Annual Amount 34761.0

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Structure Type Commercial Office

Standard Status Active

Occupancy Type Tenant

Tax Lot 0

Cap Rate 6.61

Senior Community N

Interior

Flooring Concrete

Air Conditioning Y/N N

Heating Y/N N

Total Baths 0

Exterior

Fencing None

Parking Features Parking Lot

Water Source City Franchise

Total Parking 80.0

Lot Size Area 120500.0

Number of Buildings 9

Spa N

Lot Size Acres 2.77

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 340

* Excluded Features

List By

Colton Commercial

Broker

dcolton@coltoncommercial.com

Affordability Calculator

$29,099

Per Month

Monthly Principal & Interest: $26,203
Monthly Property Taxes: $2,897
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Mesa, AZ

Average List Price ^$1,999,395

Percent of Sale Price 52%

About Mesa, AZ

497,111 Population

24% Since 2002

^$51,369 Median Income

36.48 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/1/2025	$4,200,000		Listed Price

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340 W UNIVERSITY Drive # 1, Mesa, AZ, 85201 is a Commercial Property for sale at $4,200,000 with 34,822 sqft and a lot size of 2.77. 340 W UNIVERSITY Drive # 1 was built in 1974. The property's zip code is 85201 which is in Mesa, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/9/2025.

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340 W UNIVERSITY Drive # 1

Commercial Property for sale in Mesa, AZ

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