Search

152 N 56TH Street OFC, Mesa, AZ 85205

New Listing
$4,975,000
Property Type: Comm/Industry Sale Square Footage: 61,979 Lot Size (sq. ft.): 78,317 Status: Active
Current Price: $4,975,000 List Date: 5/28/2026 Last Modified: 5/28/2026

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

Supplements: 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.

More Information MLS# 7034185

Contract Info

Ownership: Fee Simple Current Price: $4,975,000 List Price: $4,975,000 Status: Active List Date: 2026-05-27

Location, Tax & Legal

Unit #: OFC Assessor's Map #: 77 Legal Description (Abbrev): N 270F OF E 329.20F OF N2 S2 NW4 EX E 40F RD Assessor's Parcel #: 59 Assessor Parcel Ltr: E Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 420214 Taxes: 19725 Legal: N 270F OF E 329.20F OF N2 S2 NW4 EX E 40F RD House Number: 152 Compass: N Street Name: 56TH St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85205 Zip4: 8721 Country: US County Code: Maricopa Assessor Number: 141-77-059-E Tax Year: 2025

General Property Description

Ttl Apx SqFt Bldg: 61979 # of Buildings: 78 Uncvrd Parking Spcs: 0 Year Built: 1974 Zoning: R-5

Currently Not Used

Sold Price Per SqFt: 80.27

Legal Info

Range: 6E Section: 23 Township: 1N Lot Number: TBD

Construction

Wood Frame: 1

Roofing

Other: 1

Floors

Laminate: 1 Concrete: 1 Vinyl: 1

Income & Expenses

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

Building Type

Commercial: 1

Business Type

Medical: 1

Pmt & Rate Info

Equity: 4975000 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Combo: 1

Ceiling Height

12.1 Feet to 14 Feet: 1

Heating

Forced Air: 1

Cooling

Central Air: 1

Interior Features

Other (See Remarks): 1

Loading Facilities

Other (See Remarks): 1

Source of Fincl Data

Owner: 1

Fencing

None: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Parking Lot: 1 Private: 1 Paved: 1 Off Street: 1

Electric

SRP: 1 Solar: 1

Gas

SW Gas: 1

New Financing

Cash to Loan: 1 Owner May Carry: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Remarks Misc

Cross Street: E Universoty and N 56th St Geo Lat: 33.418901 Geo Lon: -111.711103

Property Features

Building Type: Commercial Business Type: Medical Construction: Wood Frame Roofing: Other Floors: Laminate; Concrete; Vinyl Ceiling Height: 12.1 Feet to 14 Feet Heating: Forced Air Cooling: Central Air Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Fencing: None Parking Features: Parking Lot; Private; Paved; Off Street Electric: SRP; Solar Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan; Owner May Carry Lockbox Type: Combo Source of Fincl Data: Owner Environmental: None
Listing Office: W and Partners, LLC
IDX
Last Updated: May - 28 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.