15303 Gilbert Rd Gilbert, AZ 85295

This exceptional 5-acre property, located at 15303 S Gilbert Rd in Gilbert, Arizona (Maricopa County, zip code 85295), presents a unique investment opportunity. Currently vacant, the 3,100 square foot building, constructed in 2007, sits on a large 223,904 square foot lot with over 600 feet of frontage on Gilbert Road. The property is zoned RU-43 and offers significant potential for redevelopment. Previous use was as a religious facility and school, suggesting adaptability for various commercial ventures. The site boasts two ingress/egress points, existing curbs, gutters, and sidewalks along Gilbert Road, and convenient freeway access (1.5 miles from Loop 202). Its proximity to downtown Gilbert, Crossroads Towne Center, and Gilbert Town Square adds to its appeal. While the property is currently vacant, the seller understands the due diligence process and is prepared to work with potential buyers. The asking price is $2,900,000, representing a price per square foot of $935.48. Note that the property is located on a county island adjacent to the Gilbert city limits, requiring potential annexation and rezoning. Entitlement processes will be necessary for any new development. This property offers a rare chance to acquire a large, well-located parcel with significant development potential in a thriving Arizona market. The fee simple ownership provides complete control and flexibility for future plans.