6909 West Ray Rd Chandler, AZ 85226
For Sale
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This 7,754-square-foot retail storefront, located at 6909 W Ray Rd in Chandler, Arizona (zip code 85226, APN 301-68-981), presents a unique investment opportunity. Built in 1996, this single-story, fee-simple property boasts a 100% occupancy rate and is situated on a prominent corner lot within a high-traffic area. Currently configured as a showroom with ample storage, restrooms, and multiple entrances, the space offers flexibility for various retail uses. The existing tenant, a flooring company, is willing to vacate, opening the door for diverse possibilities, including subdivision into smaller units. The property's PAD zoning allows for a range of retail businesses. The asking price is $1,950,000, translating to $251.48 per square foot. While the current NOI and cap rate are 0%, the potential for significant return on investment is substantial given the prime location and adaptable layout. This is an exceptional chance to acquire a well-positioned retail property in a thriving Chandler market.
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Growth Through Connection, LLC Physician Medical Clinic
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Sandi King AZ Homes Real Estate Agency
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Rio Grande Insurance/ Arizona Insurance Agency
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Employee Benefit Strategies Group Business Management Consultant
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Tax Resolution Partners Law Firm
rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses sha…
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
PAD · Chandler, AZrezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses shall be permitted within the AP-1 zoning district as principal uses: (1) Airport stru
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.