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    14329 Lexington St Gilbert, AZ 85297

    For Sale
    $2,049,000

    Prime Gilbert land, ideal retail, Loop 202 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.95-acre commercial land parcel, located at 14329 E Lexington St, Gilbert, AZ 85297 (APN 304-55-018K), presents a unique investment opportunity. Priced at $2,049,000 ($28.55/SF land value), this property boasts a highly desirable location directly adjacent to the new full diamond interchange at South Loop 202 and Lindsay Road, ensuring exceptional visibility and accessibility. Currently zoned RU-43, the property is undergoing rezoning to GC, making it perfectly suited for retail development. Its strategic position across the street from Rivulon, a substantial 250-acre mixed-use development, further enhances its potential. High traffic counts on Loop 202 and South Lindsay Road guarantee significant exposure for any future development. This prime location offers unparalleled access to a thriving community and presents a compelling opportunity for investors seeking high-growth potential in a rapidly developing area of Gilbert, Maricopa County. The property's size and location make it an exceptional choice for a variety of commercial ventures.

    Property Features for 14329 Lexington St

    General Information

    Property type
    Land
    Lot Size
    84,942 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Irwin Spa Co. Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7737346
    Latitude
    33.2881313

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    FAQs

    What type of property is this?
    Land - Prime Gilbert land, ideal retail, Loop 202 access.
    Where is this land located?
    The property is located at 14329 Lexington St Gilbert, AZ.
    What is the asking price?
    The asking price for this property is $2,049,000.
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    14329 Lexington St Gilbert, AZ 85297
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    Gilbert, AZ 85297
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14329 Lexington St Gilbert, AZ 85297
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