1023 E BROADWAY Road, Mesa, AZ 85204, Mesa, 85204 - 3 bed, 3 bath
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Mesa, AZ 85204
This property presents a High-Potential Investment Opportunity with a List Price of $469,000—positioned above the $445,035 Fair Market Value. While the property requires significant rehabilitation due to its Condition Rating of 5, the expansive 10,296 sqft lot and Commercial Conversion Potential provide substantial upside for forced appreciation. The lack of HOA restrictions and existing RV access offer unique operational flexibility. This asset is best suited for Buy-and-Hold Investors or Contractors capable of addressing the aging infrastructure and structural repairs to maximize long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1023 E BROADWAY Road Subject | $459,000* List Price | 3 | 3 | 1,669 | $260 | - |
A 807 E DOLPHIN Avenue Sold | $385,000 | 3 | 1 | 1,148 | $335 | 0.4 mi |
B 1040 E 7TH Avenue Active | $419,900 List Price | 5 | 2 | 1,817 | $231 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 (59 years old), the property shows a significant structural crack in the exterior stone pillar. While the bathroom has received some updates (approx. 10-15 years old), the overall structure is dated, currently configured for commercial use with 'Exit' signs, and requires substantial rehabilitation to address safety concerns and modernize systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10296, living area = 1669.
The property offers unique versatility with the potential to be converted for commercial use, making it a high-value opportunity for business owners or investors.
Situated on a large 10,296 sqft lot featuring an RV gate, providing ample space for outdoor storage, large vehicles, or potential property expansions.
Built in 1965, the home may require significant capital investment to update major systems and interior finishes to meet modern standards.
Positioned on Broadway Road, the property is subject to higher noise levels and traffic volume, which may detract from its appeal as a quiet residential sanctuary.
GREAT LOCATION IN MESA!!! HUGE LOT!!! WITH RV GATE ENTRANCE BIG SPACIOUS HOME!!! MUST SEE!!!MUST SEE!!! CAN BE ALSO CONVERTE TO COMMERCIAL COME AND SEE THIS AWASOME OPPORTUNITY!!! JUST ON CENTER OF MESA HUGE POTENTIAL!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,669 | - |
| Lot Size | 10,296 | - |
| Price | $459.0K | $476.2K |
| Price per sq ft | $275 | $271 |
| Built year | 1965 | 0 |
| HOA | $0 | $0 |
| Days on market | 37 | 2611 |
Jul 4, 2026
$459,000
$469,000
-2% Price Drop
Initial Listing
Jun 16, 2026
$469,000
Initial Listing