554 W RIO SALADO Parkway -, Mesa, AZ 85201 (MLS# 6971960)

554 W RIO SALADO Parkway -, Mesa, AZ 85201

$395,000
Property Type: Land Lot Size (sq. ft.): 19,922 Status: Active
Current Price: $395,000 List Date: 1/21/2026 Last Modified: 4/09/2026

Overview

Description

Prime Multi‑Family lot opportunity in Mesa! This very large lot is zoned Multi‑Family, offering incredible flexibility for investors and developers. Renovate the existing home, which is still an option, and add more units! Prime to build a brand‑new multi‑family property. Preliminary plans for a four‑plex and five plex have already been initiated and are available in the doc tab, giving a head start on design ideas. The property has already undergone the Development Incentive Permit (DIP) review with the City of Mesa, receiving pre‑approval from the City Council for the 4 unit version. Only a few final steps remain to complete the DIP process and advance to full plan review with the Planning and Development Department.

Supplements: Seller will give ample time to go through the approval process. Owner met with the City of Mesa to request building 5 units instead of 4 units, with 3 bd/2 bth plans, with garages and the meeting was conceptually approved. Listing agent has further details and information regarding the timing from here! All plans are "subject to" the City of Mesa's ...

Listing Details MLS# 6971960

Location, Tax & Legal

House Number
554
Compass
W
Street Name
RIO SALADO
St Suffix
Parkway
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
4008
Country
US
County Code
Maricopa
Assessor Number
135-16-041
Tax Year
2025
Lot #
-
Assessor's Map #
16
Legal Description (Abbrev)
S 330' OF E 66' OF W 132' SW4 SE4 NE4 EX S 36' RD .50 AC
Assessor's Parcel #
41
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421102
Taxes
1066

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.46
Apx Total Acres G/N
G
Price Per Acre
858695.65
Apx SqFt
19922
Price Per SqFt
19.83
Apx SqFt G/N
G
Lot Size Dimensions
66 X 294
Horses
N
Zoning
M-H, RM-2
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Emerson Elementary School
Jr. High School
Carson Junior High School
High School
Westwood High School

Remarks Misc

Cross Street
Rio Salado and Country Club
Directions
North 202 freeway to Alma School exit, go South to Rio Salado Pkwy and turn left. Property is approximately 3/4 mile on your left.

Legal Info

Township
1N
Range
5E
Section
16
Lot Number
-

Showing Notification Methods

Showing Service
Aligned Showings

More Information

Contact Info

List Agent Home Phn
480-754-9311

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
495000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Lockbox Type

Combo
Yes

Existing Land Use

Residential Lot
Yes
Other (See Rmks)
Yes

Zoned Presently

Multi-Family
Yes

Parcel Size

.25 - .49 Acres
Yes

Fencing

Chain Link
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

SRP
Yes

Gas

City Gas
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
Seller Approve Terms
Yes
Owner May Carry
Yes
Trade
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Distance to Gas

On Property
Yes

Distance to Sewer

Under 350 Feet
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Other (See Rmks) Zoned Presently: Multi-Family Parcel Size: .25 - .49 Acres Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: City Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; Seller Approve Terms; Owner May Carry; Trade Environmental: None Lockbox Type: Combo Fencing: Chain Link
IDX
Listing Office: West USA Realty
Last Updated: April - 09 - 2026
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