$575,000
PENDING $25K PRICE DROP

647 W Ray Rd Unit 2 Gilbert, AZ 85233

Southwest Gilbert Neighborhood

Estimated payment $3,844/month

Total Views 12,755
1.25 Acres
$460,000 Price per Acre
54,450 Sq Ft Lot

About This Lot

*SELLER IN PROCESS OF REMOVING EGRESS EASEMENT RD THAT CUTS ACROSS PROPERTY AND WILL COMPLETE THIS PROCESS WITH AN ACCEPTED OFFER*Introducing a rare opportunity in the heart of Gilbert, Arizona's thriving commercial landscape! This prime parcel of 1.25 acres boasts unparalleled visibility with frontage on Ray Rd, making it an ideal investment for astute developers and entrepreneurs alike.

Strategically zoned for shopping center development, this lot offers endless possibilities for those looking to capitalize on the burgeoning commercial demand in the area. Whether you envision a retail hub, dining destination, or a combination of both, this property is primed and ready to be transformed into a lucrative income-generating asset.

Situated in the bustling East Valley growing population make it a magnet for businesses seeking to establish a strong foothold in the region.

Don't miss out on the chance to secure your slice of Gilbert's commercial success story. Seize this opportunity to turn your vision into reality and unlock the full potential of this premier commercial lot. Act now and position yourself for success in one of Arizona's most coveted business districts!

Listing Agent

Hannah Hammond

The Firm RE License #BR658731000

Co-Listing Agent

Amber Monaco

The Firm RE License #SA708280000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,689

Lot Details

  • 1.25 Acre Lot
  • Additional Parcels
  • Property is zoned SC

Community Details

  • No Home Owners Association
  • Cooper Square Finishline Carwash Lot 4 Replat Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 302-83-963

Property Details

Property Type

Land

Est. Annual Taxes

$7,689

Lot Details

0

Listing Details

  • Cross Street: Ray Rd & Cooper Rd
  • Legal Info Range: 5E
  • Property Type: Land
  • Zoning: SC
  • Tax Year: 2023
  • Lot Size Acres: 1.25
  • Co List Office Mls Id: reatf001
  • Co List Office Phone: 480-716-1400
  • Subdivision Name: COOPER SQUARE FINISHLINE CARWASH LOT 4 REPLAT
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: Other (See Rmks)

Utilities

  • Electric: Other (See Rmks)
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: rectangular
  • Lot Size Sq Ft: 54307.0
  • Additional Parcels: Yes
  • Parcel #: 302-83-963
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7689.0
  • Tax Book Number: 302.00
  • Tax Lot: 2
  • Tax Map Number: 83.00

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,845 $86,177 $86,177 --
2024 $7,689 $82,073 $82,073 --
2023 $7,689 $101,370 $101,370 $0
2022 $7,448 $88,245 $88,245 $0
2021 $7,654 $88,245 $88,245 $0
2020 $7,610 $82,980 $82,980 $0
2019 $7,339 $74,220 $74,220 $0
2018 $7,125 $69,480 $69,480 $0
2017 $6,715 $64,335 $64,335 $0
2016 $6,494 $57,435 $57,435 $0
2015 $6,629 $56,432 $56,432 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Pending -- -- --
05/29/2024 05/29/24 Price Changed $575,000 -4.2% --
03/21/2024 03/21/24 For Sale $600,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $195,000 Thomas Title & Escrow
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 Commercial
Previous Owner $1,000,000 Unknown
Previous Owner $525,000 Unknown
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6680461

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-83-963

Arizona Maricopa County Gilbert 85233 Southwest Gilbert

647 W Ray Rd Unit 2, Gilbert, AZ

Homes for Sale in Gilbert, AZ

This home is located at 647 W Ray Rd Unit 2, Gilbert, AZ 85233 and is currently priced at $575,000. 647 W Ray Rd Unit 2 is a home located in Maricopa County with nearby schools including Chandler Traditional Academy - Liberty Campus, Willis Junior High School, and Imagine West Gilbert Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Hannah Hammond
Listing Agent
Hannah Hammond
Section Image
The Firm RE
(480) 560-7157