Arizona republican., 1910-03-15
MESA REAL EsIATE.
 SELLING BY THE FOOT
A MODERATE PRICE IS sSo.
An illustration of the Great Advance
 in Values.

The South Side Gas company will formally open the bids this morning for the erection of their one-Story 25 by so foot brick building to he erected on the lot adjoining the J IT. Barnett Drug store on the east. The lot on which the building is to he erected was formerly the property of w. II. Code and cost the gas company sixty dollars I.or front foot the lot being one hundred and forty feet deep The real significance of this item is not in lh" fact that this particular property rhanr.d hands ai sixty dollars per front foot for there is q good deal or huSincsS property which could not be had for that sum. but it is rather 10 show the increasing value of inside property Five years ago the proper ~ on which the Ellsworth Grocery is now located was purchased by Judgc Phillips for eighteen dollars per front foot other instances could be cited Of the large increase in values placed upon business property but this is given because il is nearest the Code property and nearer to the business district IL might he mentioned in
 
 company do not feel that they have been obliged to pay any enormous sum Tor desirable business locations While there are other vacant proper ties closer in which should be built up. the prices placed upon them are not what might he called inviting by the prospective builder.
 The building to be erected Dy the gas company will he independent of the Barnett building and will have q separate wall While the building for the present will be only one-story in height. the foundations and walls are so arrenged that an additional story may be added at any time that the owners of the structure care to make the change The front is to he of Tue son pressed brick while the side walls will probably he local product of the same material.
 For the present the gas company will utilize the entire building. The head offices Of the corporation will not only he maintained at this place but a general room for the display of the wares of the company will he nh display \ carload of ranges will be received here in a few days and as soon as the building is completed they will be an display there. In this con nection it might be well tO say that an office Will he maintained at Tempe where supplies will also he kept in stock at all times.
 At the present time it is estimated that Mesa and Tempe residents will be burning gas by June lst or not later than July lst IL is impossible to say at this time just what the rates will be. That Is q question that will of course be answered by the meter and the rate fixed per thousand feet by the company. There is however this fact and that is that the fran chise will not permit charge of over S2.G0 per thousand feet It is not giv- en out authoritatively but it is gem cral understanding that the rate will be somewhat lower than this The idea of the company is to get a greater number of consumers at a smaller rate than small number of consumers at Il higher rate
 One of thc ideas that the directors and stockholders have had in mind throughout the formulation of their plans was permanency. They have erected plant which will accommo- date a town of upwards of fifteen thousand people. It will probably be a few years before Mesa has acquired that much eirth but with the present increase in both Mesa and Tempe wh" knows hut what the Mesa Gas company's plant within ten years may br referred to as a little dinlkV old proposition not half large enough to supply the demands. The actual con strncti"n of the plant which is to be located north of the old M. X r. depot will he commenced as soon as rhc preliminarics or the mp town of flee building are well under way