554 W Rio Salado Parkway Mesa, 85201

Bedrooms:
2
Bathrooms:
1
Square Feet:
1,342 sqft
Price $395,000 .00
Approx /month
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Sale Price:
$395,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$1,066
Insurance: (year)
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Virtual Tour of 554 W Rio Salado Parkway , Mesa 85201

Property 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!

General Information

Price:
$395,000
Status:
Active
Listing Updated:
4/13/2026
List Date:
1/23/2026
Close Date
Square Feet:
1,342
Bedrooms:
2
Bathrooms:
1
Garage Spaces:
0.00
Year Built:
1947
Builder Name:
Unknown
Subdivision:
unknown
City:
Mesa
Zip:
85201
County:
Maricopa
HOA Y/N:
No
HOA Fee:
$0
HOA Paid Frequency:
HOA Transfer Fee:
Taxes:
$1,066
Tax Year:
2025
MLS ID:
6973576
Listing Attribution:
West USA Realty

Property Features

Interior Features
3/4 Bath Master Bdrm
Exterior Features
Flooring
Laundry
Other
Fireplace Features
Cooling
Central Air
Heating
Electric
Utilities
Pool
Spa
None
Construction Finish
Wood Frame, Painted
Roofing
Composition
Water
City Water
Sewage
Public Sewer
Fencing
Chain Link

School Information

High School:
Westwood High School
High School District:
Mesa Unified District
Middle School:
Carson Junior High School
Elementary School:
Emerson Elementary School
Elementary School District:
Mesa Unified District

Community Information

Subdivision:
unknown
Community Features

Lot Information

Lot Size (sq feet):
19,922
Lot Features:
Dirt Front, Dirt Back
Fencing:
Chain Link

Location Information

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.
Cross Street:
Rio Salado And Country Club
Map:
View on Map