15312 E Melrose St Gilbert, AZ 85297
For Sale
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This exceptional 2.5-acre site in Gilbert, Arizona, offers a prime opportunity for a 4-story hotel or assisted living development. The property boasts 60,735 square feet and is zoned Business Park (BP), ensuring a streamlined development process. Utilities are conveniently located at the lot line, minimizing infrastructure costs. Situated just one block south of the Loop 202 San Tan Freeway, this location provides unparalleled accessibility and visibility. The area is known for its thriving healthcare sector, with numerous medical facilities nearby, including Mercy Gilbert Medical Center and others. Enjoy scenic mountain views and a location within a well-established, high-growth community. The site is ready for immediate development, offering flexible delivery options to suit your project timeline. This is a rare opportunity to build a high-impact development in a highly desirable location. The property includes 122 keys, making it an ideal investment for a large-scale hospitality project. Contact us today to learn more about this exceptional development opportunity. The property is improved with utilities to the lot line.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-BP · Gilbert, AZGilbert. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.