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.

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Home facts

  • Listing ID #:6971960
  • Updated:February 14, 2026 at 03:50 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 (2025)
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.

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