124 W 1ST Street, Mesa, AZ 85201 (MLS# 6990569)

124 W 1ST Street, Mesa, AZ 85201

$1,272,730

Property Type: Comm/Industry Sale Square Footage: 2,805 Lot Size (sq. ft.): 38,134 Status: Closed

Current Price: $1,272,730 List Date: 2/27/2026 Last Modified: 4/08/2026

Overview

Description

This is NOT a typical Downtown Mesa property. Set on nearly an acre in the Historic District, 124 W 1st Street is a rare multi-home compound that blends historic character, flexible use, and creative potential in a way that is nearly impossible to replicate. Originally built in 1912, the property features three detached residential homes totaling 2,805 square feet with 4 bedrooms, 3 bathrooms, and a loft, creating a unique live/work or multi-use environment unlike anything else currently on the market. With DB-1 and DR-2 zoning, Opportunity Zone designation, and an expansive 38,134 sq ft lot, the property offers flexibility for buyers with vision while preserving the authenticity and charm that define Downtown Mesa. Properties with this combination of location, flexibility, and

Supplements: character rarely come to market, and when they do, they tend to attract buyers who recognize the opportunity quickly. Rather than fitting into a single category, this is a space for vision, creativity, and possibility, set in one of Downtown Mesa's most dynamic locations. For buyers looking for something that stands apart from the ordinary, 124 W 1 ... (Read more)

Listing Details MLS# 6990569

Location, Tax & Legal

House Number: 124
Compass: W
Street Name: 1ST
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6603
County Code: Maricopa
Subdivision: MESA CITY ARIZONA
Assessor Number: 138-34-007-A
Tax Year: 2025
Assessor's Map #: 34
Legal Description (Abbrev): W 50F OF N 15F OF S 180F OF LT 2 BLK 4 OF MESA CITY DESC AS PRCL 1 P/F 11-1029575 TOG WI TH PT OF LT
Assessor's Parcel #: 7
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421400
Taxes: 3800
Legal: W 50F OF N 15F OF S 180F OF LT 2 BLK 4 OF MESA CITY DESC AS PRCL 1 P/F 11-1029575 TOG WI TH PT OF LT
Marketing Name: Multi-Home Compound

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 2805
# of Buildings: 3
Year Built: 1912
Uncvrd Parking Spcs: 6
Zoning: DB-1, DB-2
Flood Zone: No

Remarks Misc

Cross Street: Country Club and 1st Street
Directions: East on First Street from Country Club to home on North Side of the Road.

Status Change Info

Off Market Date: 2026-03-05
Under Contract Date: 2026-03-05
Close of Escrow Date: 2026-04-07

Legal Info

Township: 1N
Range: 5E
Section: 22
Lot Number: 2

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Currently Not Used

Sold Price Per SqFt: 463.46

Construction

Block: Yes
Brick: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Wood: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3800
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Other (See Remarks): Yes

Business Type

Other: Yes

Pmt & Rate Info

Equity: 1300000
Total Owed: 0

Lockbox Type

Other: Yes

Ceiling Height

8 Feet or Less: Yes

Heating

Electric: Yes
Natural Gas: Yes
2 or More Units: Yes

Cooling

Central Air: Yes
Ceiling Fan(s): Yes

Interior Features

Finished: Yes
Smoke Detector(s): Yes

Loading Facilities

None: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes

Road Access Type

City Street: Yes

Exterior

Landscaping: Yes
Sidewalk(s): Yes

Source of Fincl Data

Unknown: Yes

Road Responsibility

City Maintained Road: Yes

Traffic Count

Unknown: Yes

Fencing

Other: Yes
See Remarks: Yes

Water Source

City Franchise: Yes
Shared Well: Yes

Freeway/Highway

2.1 - 5 Miles: Yes

Building Features

Patio/Deck: Yes
Accessible Entrance: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Other: Yes

Electric

City Electric: Yes

Gas

City Gas: Yes

New Financing

Other (See Remarks): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: Other Construction: Block; Stucco; Brick Roofing: Composition Floors: Laminate; Wood Ceiling Height: 8 Feet or Less Heating: Natural Gas; 2 or More Units Cooling: Central Air; Ceiling Fan(s) Loading Facilities: None Interior Features: Finished; Smoke Detector(s) Exterior: Landscaping; Sidewalk(s) Fencing: Other; See Remarks Building Features: Patio/Deck; Accessible Entrance Appliances Included: Dishwasher; Disposal; Microwave; Refrigerator Parking Features: Other Road Access Type: City Street Road Responsibility: City Maintained Road Electric: City Electric Gas: City Gas Water Source: City Franchise; Shared Well Sewer: Sewer - Public; Sewer-In & Connected New Financing: Other (See Remarks) Lockbox Type: Other Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Traffic Count: Unknown Environmental: None

Listing Office: Keller Williams Integrity First

Last Updated: April - 08 - 2026