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Mesa Mansion

86 E University Dr, Mesa, AZ 85201
Available Now
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FOR SALEOffice / Executive
Building Size
13,660SF
Lot Size
1.01Ac
Year Built
1922
Zoning
Commercial
Currently Leased
No
Property Class
C
Listing Contacts
Principal , Broker
AI Property Insights
Distilled from listing data, documents and public records · 30-second read

Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.

Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.

Why it works
  • 15-year absolute NNN ground lease with zero landlord responsibilities
  • 10% rent increases every five years
  • New 2025 construction, dual drive-thru
  • Leased-fee ownership; passive, 1031-eligible income
  • Anchored corridor alongside Walmart Supercenter and Home Depot
  • --
  • Mesa Mansion, a 13,660 SF Class C office building in downtown Mesa, Arizona, is offered for sale at $1,900,000. Built in 1922 and recently renovated, the property combines historic character with modern systems—new HVAC, upgraded electrical, dual-pane windows, and renovated bathrooms—making it suitable for professional offices, healthcare services, or mixed-use development.
  • Situated on a 1.01-acre lot at 86 E University Drive, the property sits steps from the Light Rail with excellent visibility and convenient access to US-60 and Loop 202. The building features stucco and masonry construction, professionally landscaped grounds, open interior layouts, glass-enclosed offices, and contemporary finishes. Zoned for commercial office use, it is positioned in Mesa's growing downtown corridor, a market with strong fundamentals and accessibility.
  • Highlights:
  • Recently renovated with new HVAC, electrical, windows, and bathrooms
  • 13,660 SF on 1.01-acre lot in downtown Mesa's historic district
  • Steps from Light Rail; convenient access to US-60 and Loop 202
  • Flexible use: professional offices, healthcare, or mixed-use development
  • Historic character with modern functionality and contemporary finishes
AI-generated. Verify figures, lease terms & zoning before relying on them.

Location

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Mesa Mansion
About the location

Located in Mesa’s historic district, 86 W University Drive presents an exceptional commercial opportunity with approximately 13,660 SF of versatile office space situated on a 1.01-acre lot. The property is well suited for professional offices, healthcare services, or mixed-use development and combines historic character with modern upgrades, including new HVAC systems, updated electrical, dual-pane windows, and renovated bathrooms. Its prime location near downtown Mesa and the Light Rail provides excellent visibility and accessibility, with convenient access to US-60 and Loop 202. The stucco and masonry exterior, professionally landscaped grounds, open interior layouts, glass-enclosed offices, and contemporary finishes create an attractive and functional business environment. Zoned for commercial office use, this property offers a rare investment opportunity in Mesa’s growing downtown corridor, blending convenience, modern functionality, and timeless appeal.

Location highlights
  • Situated in the heart of downtown Mesa, steps from the Light Rail and close to major freeways (US-60 & Loop 202)
  • New HVAC systems, upgraded electrical, dual-pane windows, and renovated bathrooms
  • Stucco/masonry construction, landscaped grounds, and stylish interior finishes
  • Zoned for commercial office use—ideal for professional offices, healthcare, or mixed-use development
  • Located in a growing market with strong visibility and accessibility
Mesa Mansion
13,660 SF · office · Mesa · AZ