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$4,975,000
Est. payment /mo
1.8 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7034185
Year Built 1974
Annual Tax Amount $19,725
Tax Year 2025
Lot Size 1.798 Acres
Acres 1.8
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
152 N 56th Street is a rare opportunity to acquire a 78 unit, ±61,969 SF building on 1.79 acres in the heart of East Mesa. Formerly Copper Heights Assisted Living, the vacant property is zoned R-5, permitting high density multifamily use.
Offered in shell condition following interior demolition by prior ownership, the asset provides a clean canvas to reposition as multifamily housing, assisted living, behavioral health, memory care, or other compatible residential use. The two story building over a full basement features 78 units (30 one bedrooms and 48 studios) with private bathrooms, two large recreation and dining areas, partially intact basement commercial kitchen infrastructure, and rooftop solar. The site's expired Special Use Permit for licensed assisted living provides meaningful precedent for a new SUP.
Located in a rapidly growing East Mesa corridor with strong senior population growth and sustained rental demand, this is a rare large scale repositioning opportunity in one of Arizona's most supply constrained submarkets.
Offered in shell condition following interior demolition by prior ownership, the asset provides a clean canvas to reposition as multifamily housing, assisted living, behavioral health, memory care, or other compatible residential use. The two story building over a full basement features 78 units (30 one bedrooms and 48 studios) with private bathrooms, two large recreation and dining areas, partially intact basement commercial kitchen infrastructure, and rooftop solar. The site's expired Special Use Permit for licensed assisted living provides meaningful precedent for a new SUP.
Located in a rapidly growing East Mesa corridor with strong senior population growth and sustained rental demand, this is a rare large scale repositioning opportunity in one of Arizona's most supply constrained submarkets.
Location
State AZ
County Maricopa
Area Maricopa
Zoning R-5
Interior
Heating Forced Air
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Off Street, Parking Lot, Paved, Private
Fence None
Roof Type Other
Private Pool No
Building
Dwelling Type Commercial
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 141-77-059-E
Disclosures None
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Listed by W and Partners, LLC • Macy Mendyke
NEARBY SCHOOL & BUSINESS
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