36 W McKellips Rd

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36 W McKellips Rd

Mesa, AZ 85201
Asking Price
$2.20M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development land for sale in Mesa, Arizona
  • Priced at 2,199,000 dollars for the site
  • Located at 36 W McKellips Road in the 85201 zip code
  • Strategic position within the growing Phoenix metropolitan area
  • Suitable for future retail or professional office development

What's Special

This land parcel is currently for sale and presents a functional option for investors or developers seeking a strategic foothold in Mesa. Situated at 36 W McKellips Rd, the site occupies a prominent position within an active suburban corridor of the Phoenix metropolitan area. The local economy benefits from the steady population growth and diverse commercial activity characteristic of this region. Given the site location and current market trends, the property is well-suited for various development projects, including commercial retail or professional office applications. Developers and builders can leverage the site prominence to create a project that serves the established local community and the surrounding growing population. The proximity to major thoroughfares ensures accessibility for future users and clients, making this an efficient acquisition for those looking to expand their commercial footprint in the East Valley.

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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.66%
Monthly Payment
$10,879.452
Annual Cash Flow
$-50,553.426

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