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Sold for $525,000 on 05/05/25
  • $525,000

    647 W Ray Rd #2, Gilbert, AZ 85233

    --beds
    --baths
    1.25Acres
    Land
    Built in ----
    1.25 Acres Lot
    $-- Zestimate®
    $--/sqft
    $2,366 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,366/mo

    Zestimate® history
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    What's special

    *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 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!

    Zillow last checked: 8 hours ago

    Listing updated: May 14, 2025 at 04:52pm

    Listed by:

    Hannah Hammond 480-490-3269,

    The Firm RE,

    Amber Monaco 845-492-9501,

    The Firm RE

    Bought with:

    Aartie Aiyer, BR560106000

    Aartie Aiyer Realty LLC

    Source: ARMLS,MLS#: 6680461MLS Logo

    Facts & features

    Property

    Lot
    • Size: 1.25 Acres
    Details
    • Parcel number: 30283963
    • Zoning: SC

    Utilities & green energy

    • Electric: Other (See Rmks)
    • Sewer: Other
    • Water: See Remarks

    Community & neighborhood

    Location
    • Region: Gilbert
    • Subdivision: COOPER SQUARE FINISHLINE CARWASH LOT 4 REPLAT

    Other

    Other facts
    • Listing terms: Cash,1031 Exchange

    Price history

    DateEventPrice
    5/5/2025Sold$525,000-8.7%
    Source: ARMLS #6680461 Report a problem
    4/1/2025Pending sale$575,000
    Source: ARMLS #6680461 Report a problem
    5/29/2024Price change$575,000-4.2%
    Source: ARMLS #6680461 Report a problem
    3/21/2024Listed for sale$600,000-39.7%
    Source: ARMLS #6680461 Report a problem
    1/6/2024Listing removed$995,000
    Source: ARMLS #6513125 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 85233

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Chandler Unified District

    Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.