554 W Rio Salado Parkway, Mesa, AZ 85201
- $395,000
- 2
- BD
- 1
- BA
- 1,342
- SqFt
- List Price
- $395,000
- Price Change
- ▼ $200,000 1776121329
- Days on Market
- 185
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 6973576
- City
- Mesa
- Bedrooms
- 2
- Bathrooms
- 1
- Living SQFT
- 1,342
- Lot Size
- 19,922
- Subdivision
- Unknown
- Year Built
- 1947
- Type
- Single Family Residence
Property Description
This expansive lot is zoned Multi-Family (MF), currently, offering incredible flexibility for your future. The existing home needs a full renovation with the potential, to add additional units in the back in the future redevelop. Located in a close knit family oriented community, the property is within walking distance to Elementary, Junior High and High Schools. Listing agent can provide general contractor information to assist with remodel completion. A renewed permit is necessary as owner has demolition permit in process, that would need revoked, if Buyer wants to remodel and live in the home. SEE MORE.. The current structure is being sold as-is, with the value primarily in the land and the current condition of the home needs a full remodel!! Ideal for builders, investors, or buyers looking to renovate or redevelop. Buyer to perform all due diligence regarding zoning, permits, and future use. Please reach out to discuss. A rare chance to restore or reimagine this home on this desirable lot. This project is offering a blank canvas for customization, expansion, or redevelopment. Perfect for buyers seeking a project in a sought-after location. Seller makes no representations regarding condition of the structure. Utilities, systems, and appliances have not been tested. Buyer responsible for verifying all development possibilities. Location Highlights: "Centrally situated near Mesa Riverview and Tempe Marketplace "Only 5 miles to ASU campus. "Easy access to Loop 101 and Loop 202 freeways "Just down the street from the Chicago Cubs Spring Training Stadium "Surrounded by shopping, dining, and entertainment options Whether you choose to renovate, redevelop, or pursue the four plex plans, townhome lots, this property offers exceptional potential in a thriving area. A rare opportunity to capitalize on Mesa's growth with multiple exit strategies available!
Additional Information
- Elementary School
- Emerson Elementary School
- High School
- Westwood High School
- Middle School
- Carson Junior High School
- Acres
- 0.46
- Assoc Fee Includes
- No Fees
- Builder Name
- unknown
- Construction
- Block, Painted
- Cooling
- Central Air
- Electric
- 220 Volts in Kitchen
- Fencing
- Chain Link
- Heating
- Electric
- Laundry
- Other
- Living Area
- 1,342
- Lot Size
- 19,922
- New Financing
- Cash, VA Loan, Conventional, Owner May Carry, Trade
- Lot Features
- Dirt Front, Dirt Back
- Roofing
- Composition
- Spa
- None
- Stories
- 1
- Subdivision
- Unknown
- Taxes
- $1,066
- Tax Year
- 2025
- Water
- Public
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Listing courtesy of West USA Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.