Property summary
Gilbert Plaza2, located at 525 S Gilbert Rd in Mesa, Arizona (zip code 85204), presents a compelling retail investment opportunity. This shopping complex, built in 1987 and extensively renovated in 2024, comprises two single-story buildings totaling 20,500 square feet. The property currently offers two vacant retail spaces, ideal for a variety of businesses. One space measures 1,200 square feet, while the other is 1,600 square feet (formerly a massage center). These spaces can be combined to create a contiguous area of 2,800 square feet, providing flexibility for larger tenants. The minimum divisible space is 1,200 square feet, making it suitable for smaller businesses as well. The complex features a total of 11 suites, indicating a thriving retail environment. Situated in Maricopa County, this property benefits from excellent visibility and accessibility due to its location at the intersection of Broadway and Gilbert Road in Mesa. The property's recent renovation ensures modern amenities and a well-maintained appearance, attracting both tenants and customers. This is an exceptional opportunity to acquire a well-located, updated retail property in a growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Tattoo & Piercing Shop
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Employment Agency
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Employment Agency
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(Bike/Boat/Book/etc) Store Building Supply
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Bank Credit Union
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
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Value estimation
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Cap rate
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
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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