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Rob & Pam Schabatka

Broker/Owner

(928) 282-4166 (o)

(928) 821-3508 (c)

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$595,000
42 Days On Site

554 W RIO SALADO Parkway
Mesa, AZ 85201

For Sale|Single Family Residence|Active
2
Beds
1
Total Bath
1
Full Bath
1,342
SqFt
$443
/SqFt
1947
Built
Subdivision:
unknown
County:
Maricopa

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (928) 282-4166 x 253
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(928) 282-4166 x 253
554 W RIO SALADO Parkway554 W RIO SALADO Parkway554 W RIO SALADO Parkway554 W RIO SALADO Parkway
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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. There is only $100K allowance included in this price! At this stage Buyer can be involved in selection items/upgrades. 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. The home may need additional funds according to Buyer's upgrades. SEE The $100k is an estimate only, BEWARE! This is an entire remodel, to become FHA approved for finance. 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!

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Listing Snapshot
Price 
$595,000
Days On Site 
42 Days
Bedrooms 
2
Inside Area (SqFt) 
1,342 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.46 Acres
Year Built 
1947
MLS® Number 
6973576
Status 
Active
Property Tax 
$1,066
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.46
Carport 
2
Cross Street 
Rio Salado and Country Club
Disclosures 
None
Land Lease 
No
Number Of Stories 
1
Parking Spaces 
2
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Cooling 
Central Air
Electric 
220 Volts in Kitchen
Heating 
Electric
Laundry Features 
Other
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Exterior Features
Construction Details 
Frame
Fencing 
Chain Link
Roof 
Composition
Spa Features 
None
Community Features
Financing Terms Available 
Owner May CarryCashConventionalVA LoanTrade
School District 
Mesa Unified District
Township 
1N
Schools
School District
Mesa Unified District
Elementary School
Emerson Elementary School
Middle School
Carson Junior High School
High School
Westwood High School
Listing courtesy of West USA Realty.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-03-07 03:23 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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