$4,975,000
Mesa, AZ 85205
MLS# 7034185
1 / 32
Property 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
Details
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
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 Office: W and Partners, LLC
Last Updated: May - 28 - 2026
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