For Sale
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Property summary
This ±12,010 square foot industrial building sits on a 0.58-acre lot in Mesa, Arizona, at 424 S Gilbert Rd, 85204. Currently configured as an automotive repair shop, this versatile property offers significant potential for various uses, including flex space and warehouse operations. The building features four grade-level doors, approximately 650 square feet of office space, and a desirable 14-20 foot clear ceiling height. Its location provides excellent visibility and accessibility, with frontage on Gilbert Road near the intersection of Broadway Road and Gilbert Road. The property is zoned LC (City of Mesa), allowing for a range of industrial and commercial activities. The asking price is $2,250,000, translating to $187.34 per square foot. The property will be delivered vacant upon sale. The parcel number is 139-01-049F. This is a rare opportunity to acquire a well-located, adaptable industrial property in a thriving market. The substantial size, combined with its convenient location and flexible zoning, makes this an attractive investment for a variety of businesses.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Printing Service
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Auto Repair Shop
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Factory Production Facility
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(Bike/Boat/Book/etc) Store Printing Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LC · Mesa, AZLimited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LC in Mesa, AZ.
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