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647 W Ray Rd - E/SEC Copper Rd & Ray Rd

1.25 Acres of Commercial Land Offered at $575,000 in Gilbert, AZ 85233

Investment Highlights

  • Prime commercial lot with frontage on Ray Rd
  • Ready to be developed to start generating income
  • SC, shopping center zoning
  • Investment opportunity for any business owner

Executive Summary

Seller in the process of removing egress easement Rd that cuts across the property and will complete this process with an accepted offer! Come see this rare opportunity in the heart of Gilbert, Arizona's thriving commercial landscape! This prime 1.25 acres boasts unparalleled visibility with frontage on Ray Rd, making it an ideal investment 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 this 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!

Attachments

647 W Ray Rd

Property Facts

Price $575,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 1.25 AC

1 Lot Available

Lot

Price $575,000
Price Per AC $460,000
Lot Size 1.25 AC

54,450 SF lot zoned SC for shopping center.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
302-83-963
Land Assessment
$86,177
Improvements Assessment
$0
Total Assessment
$86,177

zoning

Zoning Code SC (Shopping Center)
SC (Shopping Center)
  • Listing ID: 31293554

  • Date on Market: 3/21/2024

  • Last Updated:

  • Address: 647 W Ray Rd, Gilbert, AZ 85233

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