647 W RAY Road, 2, Gilbert, AZ 85233
$525,000
Property Type:
Land
Lot Size (sq. ft.):
54,307
Status:
Closed
Current Price:
$525,000
List Date:
3/21/2024
Last Modified:
5/06/2025
Description
*SELLER IN PROCESS OF REMOVING EGRESS EASEMENT RD THAT CUTS ACROSS PROPERTY AND WILL COMPLETE THIS PROCESS WITH AN ACCEPTED OFFER*Introducing a rare opportunity in the heart of Gilbert, Arizona's thriving commercial landscape! This prime parcel of 1.25 acres boasts unparalleled visibility with frontage on Ray Rd, making it an ideal investment for astute developers and entrepreneurs alike.
Strategically zoned for shopping center development, this lot offers endless possibilities for those looking to capitalize on the burgeoning commercial demand in the area. Whether you envision a retail hub, dining destination, or a combination of both, this property is primed and ready to be transformed into a lucrative income-generating asset.
Situated in the bustling East Valley
Supplements: growing population make it a magnet for businesses seeking to establish a strong foothold in the region. Don't miss out on the chance to secure your slice of Gilbert's commercial success story. Seize this opportunity to turn your vision into reality and unlock the full potential of this premier commercial lot. Act now and position yourself for success in one of Arizona's most coveted business districts!
More Information MLS# 6680461
Contract Information
Current Price: $525,000
Sold Price: $525,000
Status: Closed
List Date: 2024-03-21
For Sale or Lease?: Sale
Type: Exclusive Agency
Location Tax Legal
House Number: 647
Compass: W
Street Name: RAY
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 8408
Country: US
County Code: Maricopa
Assessor Number: 302-83-963
Subdivision: COOPER SQUARE FINISHLINE CARWASH LOT 4 REPLAT
Tax Year: 2023
General Property Description
Apx Total Acres: 1.25
Apx Total Acres G/N: G
Price Per Acre: 460000
Apx SqFt: 54307
Price Per SqFt: 10.59
Apx SqFt G/N: G
Lot Size Dimensions: rectangular
Zoning: SC
Flood Zone: No
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Remarks Misc
Cross Street: Ray Rd & Cooper Rd
Geo Lat: 33.320067
Geo Lon: -111.803646
Status Change Info
Status Change Date: 2025-05-06
Off Market Date: 2025-04-01
Under Contract Date: 2025-04-01
Close of Escrow Date: 2025-05-05
Sold Price: $525,000
Legal Info
Township: 1S
Range: 5E
Section: 25
Lot Number: 2
Showing Notification Methods
Showing Service: Aligned Showings
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot; Other (See Rmks)
Zoned Presently: Commercial; Other (See Rmks)
Parcel Size: 1.00 - 2.49 Acres
Water Source: See Remarks
Sewer: Other
Electric: Other (See Rmks)
Gas: Other (See Rmks)
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
New Financing: Cash; 1031 Exchange
Environmental: Other (See Rmks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Listing Office: The Firm RE
Last Updated: May - 06 - 2025
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