554 W Rio Salado Parkway, Mesa, AZ 85201

Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
554 W Rio Salado Parkway,Mesa, AZ 85201
$495,000
  • 0.46 Acres
  • Lots / Land
  • Active
Listed by: mark s gunning, crystal l vasquez
Office: west usa realty
MLS#:6971960
Source:ARMLS

Price summary

  • Price:$495,000

About this home

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. 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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:6971960
  • Updated:January 23, 2026 at 11:41 PM

Structure and exterior

  • Lot area:0.46 Acres

Schools

  • High school:Westwood High School
  • Middle school:Carson Junior High School
  • Elementary school:Emerson Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$495,000
  • Tax amount:$1,066
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

New listings near 554 W Rio Salado Parkway