748 Gilbert Rd, Gilbert, AZ 85234-4723
- Drive through restaurants
- 3,277 SF
- 1.00 lot acres
Current Use by Public Records
- Kung Pow Restaurant / Bar & Pub
- Kung Pow / Restaurant
- Slim Chickens / Restaurant
Property Details for 748 Gilbert Rd
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 1.00 lot acres
- Zone code
- C-C
- Property type
- Drive through restaurants
- APN
- 302-14-619A
- APU
- 30214619A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 18, 2025 | — | Kind Properties II LLC | — | Deed · related | $1.4M · Arizona FCU |
| Mar 26, 2025 | $1,800,000 | Kind Properties II LLC | Romulus Properties LLC | Special Warranty Deed | — |
| Jun 7, 2016 | — | Romulus Properties LLC | — | Deed · related | $2M · Compass Bank |
| Apr 4, 2016 | $1,375,000 | Romulus Properties LLC | Calabria Co LLC | Grant Deed | — |
| Mar 16, 2010 | — | Calabria Co LLC | Greco Clyde C & H J 1 Trust | Quit Claim Deed · related | — |
| Feb 28, 2003 | $1,050,000 | Mjkl Enterprises LLC | T P Acquisition Corp | Grant Deed | — |
| Feb 28, 2003 | $1,600,000 | Greco,tr | Mjkl Enterprises LLC | Grant Deed | — |
Description
This exceptional 3,277 square foot grocery store building presents a rare investment opportunity in the thriving Gilbert, Arizona market. Located at 748 N Gilbert Rd, this property boasts a highly desirable drive-thru, a significant advantage for any retail operation. Situated on a one-acre parcel, the building benefits from 46 existing parking spaces, ensuring ample customer convenience. The property's strategic location offers exceptional visibility and accessibility, with convenient proximity to downtown Gilbert and exposure to a substantial daily traffic count of 25,130 vehicles along Gilbert Road. Currently zoned for commercial use, this property offers significant potential for redevelopment, catering to a wide range of retail or commercial ventures. The asking price is $2,000,000. This is a unique chance to acquire a well-positioned, established property in a rapidly growing area, offering both immediate income potential and long-term growth prospects. The property's existing infrastructure and prime location make it an attractive investment for both seasoned investors and those seeking a strong foothold in the Arizona commercial real estate market. Don't miss this opportunity to own a piece of Gilbert's vibrant commercial landscape.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,948,000
- AI Estimate
- $1,865,000
Market price range: $1.03M - $3.24MMarket price range: $877k - $3.24M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,800,000 Current use
- COMMERCIAL (GENERAL)
- $2,630,000 Change: +46% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,455,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gilbert
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.79
- Latitude
- 33.3634
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
