$4,975,000
Mesa, AZ 85205
MLS# 7034185

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Property Description
152 N 56th Street is a rare opportunity to acquire a 78 unit, ±61,969 SF building on 1.79 acres in the heart of East Mesa. Formerly Copper Heights Assisted Living, the vacant property is zoned R-5, permitting high density multifamily use. Offered in shell condition following interior demolition by prior ownership, the asset provides a clean canvas to reposition as multifamily housing, assisted living, behavioral health, memory care, or other compatible residential use. The two story building over a full basement features 78 units (30 one bedrooms and 48 studios) with private bathrooms, two large recreation and dining areas, partially intact basement commercial kitchen infrastructure, and rooftop solar. The site's expired Special Use Permit for licensed assisted living provides meaningful
Details
Maps
Contract Info
Current Price: $4,975,000
List Price: $4,975,000
Status: Active
List Date: 2026-05-27
Ownership: Fee Simple
Location Tax Legal
House Number: 152
Compass: N
Street Name: 56TH
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 8721
Country: US
County Code: Maricopa
Assessor Number: 141-77-059-E
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 61979
# of Buildings: 78
Year Built: 1974
Zoning: R-5
Remarks Misc
Cross Street: E Universoty and N 56th St
Geo Lat: 33.418901
Geo Lon: -111.711103
Legal Info
Township: 1N
Range: 6E
Section: 23
Lot Number: TBD
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Business Type: Medical
Construction: Wood Frame
Roofing: Other
Floors: Laminate; Concrete; Vinyl
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Forced Air
Cooling: Central Air
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Fencing: None
Parking Features: Parking Lot; Private; Paved; Off Street
Electric: SRP; Solar
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan; Owner May Carry
Lockbox Type: Combo
Source of Fincl Data: Owner
Environmental: None
Supplements
precedent for a new SUP.
Located in a rapidly growing East Mesa corridor with strong senior population growth and sustained rental demand, this is a rare large scale repositioning opportunity in one of Arizona's most supply constrained submarkets.
Listing Office: W and Partners, LLC
Last Updated: May - 28 - 2026
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