$1 Auction - REIT Sale | Former Family Dollar 1021-1025 E Main St Local commercial 951 m² À vendre Mesa, AZ 85203 108 050 € (113,62 €/m²)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 1021 East Main Street in Mesa, Arizona 85203 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible commercial property within a dense Phoenix submarket at a substantial discount. FIRST BID MEETS RESERVE!
Built in 1955, the Property consists of a one-story retail building totaling ±10,236 square feet situated on a ±0.8841-acre parcel (±38,510 SF). The site features 50 surface parking spaces and excellent accessibility multiple points of ingress/egress. The site is positioned on a hard corner with 145 ft of frontage along Main Street (±19,871 VPD) and 265 ft along S Miller Street, ensuring strong visibility and easy access. The Property was previously occupied on a NNN lease by Family Dollar and presents an attractive value-add opportunity for an owner/user or investor to reposition and lease at long-term market rates (CoStar estimated retail rents: $21-$26/SF NNN). The Property is zoned GC, General Commercial, providing flexibility for re-tenanting, alternative tenant types, or potential redevelopment.
Located within the Phoenix MSA, the Property sits in Mesa’s East Valley, just ±2-mi from Downtown Mesa and ±30-min from Downtown Phoenix. The site benefits from excellent connectivity to U.S. Highway 60/Superstition Freeway (±35,000 VPD), Loop 101, Loop 202, and Phoenix Sky Harbor International Airport (±13-mi west). Mesa is the third-largest city in Arizona, with more than 500,000 residents, supported by consistent population growth, a diverse workforce, and a strong business environment. The Property occupies a high-visibility hard-corner location serving neighborhood residents and daily commuter traffic, and is strategically located within a designated Federal Opportunity Zone, offering potential tax advantages for investors. Mesa’s position as a regional commercial and service hub bolsters year-round activity, supported by nearby educational institutions and major demand drivers. The Property is ±17-min from Arizona State University’s Tempe Campus, home to nearly 55,000 students, and serves a robust demographic base: ±23,889 people within ±1-mi, ±169,434 within ±3-mi (AHHI above $90,000), and more than 350,000 residents within ±5-mi (AHHI exceeding $102,000). This strong consumer base, combined with Mesa’s ongoing growth and regional connectivity, reinforces the Property’s long-term value proposition for re-leasing, adaptive reuse, or investment.