152 N 56TH Street OFC, Mesa, AZ 85205 (MLS# 7034185)

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

Overview

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.

Listing Details MLS# 7034185

Location, Tax & Legal

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
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

Contract Info

Ownership: Fee Simple

General Property Description

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

Remarks Misc

Cross Street: E Universoty and N 56th St

Legal Info

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

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Currently Not Used

Sold Price Per SqFt: 80.27

Construction

Wood Frame: Yes

Roofing

Other: Yes

Floors

Laminate: Yes
Concrete: Yes
Vinyl: Yes

Income & Expenses

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

Building Type

Commercial: Yes

Business Type

Medical: Yes

Pmt & Rate Info

Equity: 4975000
Total Owed: 0

Lockbox Type

Combo: Yes

Ceiling Height

12.1 Feet to 14 Feet: Yes

Heating

Forced Air: Yes

Cooling

Central Air: Yes

Interior Features

Other (See Remarks): Yes

Loading Facilities

Other (See Remarks): Yes

Source of Fincl Data

Owner: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes
Private: Yes
Paved: Yes
Off Street: Yes

Electric

SRP: Yes
Solar: Yes

Gas

SW Gas: Yes

New Financing

Cash to Loan: Yes
Owner May Carry: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

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

Last Updated: May - 28 - 2026