455 W 5TH Place, Mesa, AZ 85201

$1,125,000

Property Type: Comm/Industry Sale Square Footage: 18,216 Lot Size (sq. ft.): 83,330 Status: Closed

Current Price: $1,125,000 List Date: 7/08/2026 Last Modified: 10/07/2026

Overview

Description

** Just Reduced by 750k from the original Asking price. Price to sell! Prime investment opportunity near downtown Mesa . This 18,206 SF, 11-unit office building, zoned LC and built in 1966, offers strong potential for office investors. Located in a desirable Mesa area, it's ideal for expanding your commercial portfolio with space suited for professional tenants. Come and see it today!18,206 SF building 11 units Built in 1966 Zoned LC Prime location in Mesa area

Listing Details MLS# 7051539

Location, Tax & Legal

House Number: 455
Compass: W
Street Name: 5TH
St Suffix: Place
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5618
Country: US
County Code: Maricopa
Assessor Number: 135-25-041-Y
Tax Year: 2025
Assessor's Map #: 25
Legal Description (Abbrev): POR SE4 SE4 SEC 16 T1N R5E DAF COM S4 COR SD SEC TH N 88D 57M E 1945.53F TH N 634.42F TH N 88D 56M E
Assessor's Parcel #: 41
Assessor Parcel Ltr: Y
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421102
Taxes: 14222
Legal: POR SE4 SE4 SEC 16 T1N R5E DAF COM S4 COR SD SEC TH N 88D 57M E 1945.53F TH N 634.42F TH N 88D 56M E

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Commercial
Ttl Apx SqFt Bldg: 18216
# of Buildings: 11
Year Built: 1967
Uncvrd Parking Spcs: 139
Zoning: CG, MH

Remarks Misc

Cross Street: Country Club and University
Directions: North on Country Club to 5th Place West on 5th Place to property

Status Change Info

Off Market Date: 2026-09-12
Under Contract Date: 2026-08-18
Close of Escrow Date: 2026-10-06

Legal Info

Township: 1N
Range: 5E
Section: 16
Lot Number: -

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

Contact Info

List Agent Home Phn: 602-451-3684

Sold Info

Loan Type: Carryback
Loan Years: 3
Payment Type: Interest Only
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Currently Not Used

Sold Price Per SqFt: 54.89

Construction

Block: Yes

Roofing

Built-Up: Yes
Rolled: Yes

Floors

Concrete: Yes
Carpet: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 14222
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes

Business Type

Medical: Yes

Pmt & Rate Info

Equity: 999900
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes

Cooling

Central Air: Yes

Interior Features

Other (See Remarks): Yes

Loading Facilities

None: Yes

Exterior

Corner Lot: Yes

Source of Fincl Data

Other (See Remarks): Yes

Fencing

Security: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Fenced: Yes
Free: Yes
Paved: Yes

Electric

City Electric: Yes

Gas

None: Yes

New Financing

Cash to Loan: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Office Business Type: Medical Construction: Block Roofing: Built-Up; Rolled Floors: Concrete; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Central Air Loading Facilities: None Interior Features: Other (See Remarks) Exterior: Corner Lot Fencing: Security Parking Features: Fenced; Free; Paved Electric: City Electric Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Treat as Free&Clear Environmental: None

Listing Office: LRA Real Estate Group, LLC

Office Phone: 480-526-5644

Office Email: Don@LRAphx.com

Last Updated: October - 07 - 2026