$395,000
554 W RIO SALADO Parkway, Mesa, AZ 85201
unknown · Maricopa County
What's special
- No HOA
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!
Property details
Interior
Bedrooms
- Bedrooms: 2
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- 3/4 Bath Master Bdrm
Appliances
- Laundry Features: Other
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric
Other Interior
- Stories: 1
Exterior
Exterior and Lot Features
- Fencing: Chain Link
Land Info
- Dirt Front
- Dirt Back
- Lot Size Acres: 0.46
- Lot Size Square Feet: 19,922
Garage and Parking
- Carport Spaces: 2
Community
Homeowners Association
- Association: No
- Association Fee Includes: No Fees
Neighborhood
- Subdivision: unknown
Listing
Other Property Info
- Annual Tax Amount: $1,066
- Source Listing Status: Active
- County: Maricopa
- 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.
- Property Subtype: Single Family Residence
- Parcel Number: 135-16-041
- Postal City: Mesa
- Listing Date: 1/23/2026
- MLS#: 6973576
Features
Building and Construction
- Total Square Feet Living: 1,342
- Year Built: 1947
- Property Age: 79
- Construction Materials: Wood Frame, Painted
- Roof: Composition
- Stories: 1
- Living Area Source: Assessor
Utilities
- Water Source: Public
Contact Us
Contact Us
Ask a question or schedule a showing
Listing updated: April 13, 2026
MLS#: 6973576
Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
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