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136 W Main St
Mesa, AZ 85201

$1,950,000 USD

Storefront Retail Office For Sale  •  10,263 SF

Property Details

• Property Type Storefront Retail Office
• Total Building Size 10,263 SF
• Lot Size 0.18 AC
• Building Class B
• Year Built 1927
• Cap Rate 8.86 %
• Tenancy Multiple
• Zoning DC-DE

54 Transit Score

81 Walk Score

Highlights

Rare opportunity to acquire a high-profile retail / office building in Mesa’s historic downtown core

Pomeroy family legacy building – deemed historic in 1976

Value-add opportunity at 56% occupancy suitable for a variety of retail, restaurant, or office users

Potential redevelopment or retrofit in a high-density urban location

There are current nine (9) new housing (multifamily) projects within a one (1) mile radius of the Property

Financial Summary (Actual)

Net Operating Income: $154,928 USD (2023)

Cap Rate:	8.86 %
Total Expenses:	$59,289 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Pomeroy's Mens Stores	2,500 SF	9/6/2029

Amenities

• Bus Line
• Corner Lot
• Tenant Controlled HVAC
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	20 min	-	13.1 mi