1065 Riggs Rd, Chandler, AZ 85249-3670
- Retail space
- 6,060 SF
- 0.65 lot acres
Current Use by Public Records
- Anytime Fitness / Gym & Fitness Center
Property Details for 1065 Riggs Rd
- Year built
- 2003
- Construction
- CONCRETE
- Lot size
- 0.65 lot acres
- Zone code
- PAD
- Property type
- Retail space
- APN
- 303-79-839
- APU
- 30379839
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 7, 2025 | $1,500,000 | The Barth Family Trust | 62 Investments LLC | Warranty Deed | — |
| Aug 2, 2018 | — | 62 Investments LLC | — | Deed · related | $985k · Cornerstone Bk |
| Jun 4, 2015 | $750,000 | 62 Investments LLC | Ktj Limited Liability Partnership F | Warranty Deed | $686k · Cornerstone Bank |
| May 5, 2003 | $1,267,450 | Ktj LLP Fifty | Preferred Rental Store Dev LLC | Grant Deed | — |
| Dec 12, 2002 | $206,000 | Preferred Retail Store Dev LLC | Prsd LP | Grant Deed | $1M · Southwest Bank Of Texas |
| Jul 26, 2002 | $194,660 | Prsd LP | Mcqueen Riggs 265 Lc | Grant Deed | — |
| — | — | Ktj LLP Fifty | — | Deed Of Trust · related | $875k · Scf Arizona |
| — | — | 62 Investments LLC | — | Loan Modification · related | $985k · Cornerstone Bk |
Description
This exceptional retail investment property in Chandler, Arizona, presents a compelling opportunity. Located at 1065 E Riggs Rd, 85249, this 6,060 square foot building sits on a substantial 28,267 square foot lot. Constructed in 2003, the property boasts excellent condition and benefits from a high-traffic corner location. The current lease has five years remaining and is secured by a major private equity firm, providing significant financial stability and predictable income. The property offers a compelling 6.56% capitalization rate, making it an attractive addition to any investment portfolio. The asking price is $1,695,000. This is a rare chance to acquire a well-maintained, high-performing retail asset in a thriving Arizona market. The property's strong tenant and location ensure a secure and profitable investment. Serious inquiries are encouraged.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,724,000
- AI Estimate
- $1,724,000
Market price range: $938k - $5.59MMarket price range: $938k - $5.59M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,740,000 Current use
- AUTO REPAIR, GARAGE
- $2,335,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chandler
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.823
- Latitude
- 33.2183
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
