Investment opportunity! This vacant commercial land spans approximately more than an acre, offering a prime development opportunity in a bustling commercial district. The flat, rectangular parcel is easily accessible, located just off a major thoroughfare with high vehicular and pedestrian traffic. The land is zoned for commercial use, making it ideal for various business ventures such as retail complexes, office buildings, or hospitality enterprises. With no existing structures, it presents a blank canvas for developers! The land's strategic location and versatile zoning and development potential make it a highly desirable property for investors and developers looking to expand in a vibrant commercial zone!
Property Details
Property Features
Listing Office:
Office Name: eXp Realty
Office Phone: (480) 722-9800
Listing Agent: Vance Nielson
Lot Features
Lot Information:
Lot: East/West Exposure
Lot Size: 1.22 Acres
Other
Directions Information:
Directions: Head north on N Recker Rd toward E Brown Rd. Property will be on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $700,000
What can I afford?
Understand what home price range makes sense for your budget.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,561
Per Month
Principal & Interest
$3,494
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,165
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Mendoza Elementary School
5831 E McLellan Rd
Distance between this listing and this school0.48 miles
Public District Grades KG-6
2
/10
Salk Elementary School
7029 E Brown Rd
Distance between this listing and this school1.26 miles
Public District Grades PK-6
7
/10
Bush Elementary School
4925 E Ingram St
Distance between this listing and this school1.47 miles
Public District Grades KG-6
Nearby Schools
3
/10
Learning Foundation and Performing Arts Alta Mesa
5761 E Brown Rd
Distance between this listing and this school0.29 miles
Public Charter Grades KG-8
4
/10
Shepherd Junior High School
1407 N Alta Mesa Dr
Distance between this listing and this school0.36 miles
Public District Grades 7-8
5
/10
Fremont Junior High School
1001 N Power Rd
Distance between this listing and this school1.06 miles
Public District Grades 7-8
Nearby Schools
7
/10
Red Mountain High School
7301 E Brown Rd
Distance between this listing and this school1.57 miles
Public District Grades 9-12
6
/10
East Valley High School
7420 E Main St
Distance between this listing and this school2.23 miles
Public Charter Grades 9-12
3
/10
Astravo Online Academy
4858 E Baseline Rd Ste 103
Distance between this listing and this school4.17 miles
The neighbors living near this home have an average income of $58,197. Typical income of Mesa, AZ residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1240 N Recker Rd Unit 5
What is the listing price of this property?
The listing price of 1240 N Recker Rd Unit 5 property is $700,000.
What type of property is this?
The property 1240 N Recker Rd Unit 5 is land located in Mesa, Arizona, 85205.
Is this property for sale now?
Active Listing: 1240 N Recker Rd Unit 5 is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 1240 N Recker Rd Unit 5 is 1.22 acres.
Interested in 1240 N Recker Rd Unit 5? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1240 N Recker Rd Unit 5 in Mesa, AZ and zip code 85205 in the Freedom Run neighborhood. This home sits on a 1.22 acre lot. It has been listed on Rocket Homes since February 09, 2024 and is currently priced at $700,000.
In October 2024, from all listings sold in Mesa, AZ there were more than 73 sold above asking price, over 252 sold below and more than 138 were sold right at the asked price. The number of homes for sale in Mesa, AZ increased by 7.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 58 days, the median list price was $449,937.
From Rocket Homes Real Estate and based on county public records data.