Investment Overview

Marcus and Millichap is pleased to exclusively present for sale +/- 9.88 acres of commercial vacant land at 129 N 82nd Place, Mesa, AZ. Site is located in a County Island within the City of Mesa planning area and is zoned for high density infill residential. The parcels are a mix of R-5, R1-8 & C-3 zoning, and partially subject to Hillside Ordinance. The City of Mesa is the water and sewer provider. Buyer to verify all utility locations and capacity levels during due-diligence period. City of Mesa focuses on economic development through various initiatives, including support for major industries like aerospace, healthcare, and technology. The city offers incentives for businesses, a skilled workforce, and resources for startups and expansions to foster growth and attract investments. Two major airports and employment bases: Falcon Field and Phoenix Mesa Gateway Airport. Mesa is the central city of the East Valley of the Metro Phoenix area. The city saw a 38% growth for median earnings between 2019 and 2023, the second highest in the nation. It is bordered by Tempe on the west, the Salt River Pima- Maricopa Indian Community on the north, Chandler and Gilbert on the south and Apache Junction on the east, stretching over 133 square miles and is larger than Miami, Minneapolis, Atlanta and St.Louis. Access to three major freeways: Loop 101, Loop 202 (Red Mountain Freeway and the Santan Freeway, and State Rte. 60 (Superstition Freeway).