647 Ray Rd Gilbert, AZ 85233-8408

This exceptional 1.25-acre commercial property, located at 647 W Ray Rd in Gilbert, Arizona (zip code 85233, APN 302-83-963), presents a rare development opportunity. The property boasts 54,450 square feet of land zoned SC (Shopping Center), offering significant potential for retail development. Its prime location on Ray Road ensures high visibility and accessibility, attracting substantial traffic. The asking price is $575,000, translating to $11.02 per square foot. The seller is actively working to remove an existing egress easement across the property, a process expected to be finalized upon acceptance of an offer. This makes it an ideal investment for developers and entrepreneurs seeking to capitalize on Gilbert's thriving commercial market. The property's strategic location within Maricopa County benefits from Gilbert's robust economic environment and growing population, making it an attractive location for various commercial ventures. This is a chance to create a lucrative income-generating asset in a highly sought-after business district. The property's size and zoning provide flexibility for a range of development options, from a retail center to a mixed-use development. Don't miss this opportunity to secure a prime piece of Gilbert's commercial real estate landscape.