$525,000
647 W RAY Road 2
Gilbert, AZ 85233
MLS# 6680461
Status: Closed

647 W Ray Rd Drone-1
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Property Description
*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

Details
Maps
Contract Information
Type: Exclusive Agency
For Sale or Lease?: Sale
Current Price: $525,000
Sold Price: $525,000
Status: Closed
List Date: 2024-03-21
Location, Tax & Legal
Lot #: 2
Assessor's Map #: 83
Legal Description (Abbrev): LOT 2 COOPER SQUARE FINISHLINE CARWASH LOT 4 REPLAT MCR 067726
Assessor's Parcel #: 963
Add'l Parcels: Yes
Tax Municipality: Gilbert
Taxes: 7689
House Number: 647
Compass: W
Street Name: RAY
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 8408
County Code: Maricopa
Assessor Number: 302-83-963
Subdivision: COOPER SQUARE FINISHLINE CARWASH LOT 4 REPLAT
Tax Year: 2023
General Property Description
Apx Total Acres: 1.25
Apx Total Acres G/N: G
Price Per Acre: 460000
Apx SqFt: 54307
Price Per SqFt: 10.59
Apx SqFt G/N: G
Lot Size Dimensions: rectangular
Flood Zone: No
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Zoning: SC
Legal Info
Range: 5E
Section: 25
Township: 1S
Lot Number: 2
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 575000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Existing Land Use
Commercial Lot: 1
Other (See Rmks): 1
Zoned Presently
Commercial: 1
Other (See Rmks): 1
Parcel Size
1.00 - 2.49 Acres: 1
Water Source
See Remarks: 1
Sewer
Other: 1
Electric
Other (See Rmks): 1
Gas
Other (See Rmks): 1
Distance to Cable
Call Listing Office: 1
New Financing
Cash: 1
1031 Exchange: 1
Distance to Phone
Call Listing Office: 1
Distance to Water
Call Listing Office: 1
Distance to Electric
Call Listing Office: 1
Distance to Gas
Call Listing Office: 1
Distance to Sewer
Call Listing Office: 1
Reports/Disclosures
Other (See Rmks): 1
Environmental
Other (See Rmks): 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Ray Rd & Cooper Rd
Geo Lat: 33.320067
Geo Lon: -111.803646
Status Change Info
Off Market Date: 2025-04-01
Under Contract Date: 2025-04-01
Close of Escrow Date: 2025-05-05
Sold Price: $525,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot; Other (See Rmks)
Zoned Presently: Commercial; Other (See Rmks)
Parcel Size: 1.00 - 2.49 Acres
Water Source: See Remarks
Sewer: Other
Electric: Other (See Rmks)
Gas: Other (See Rmks)
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
New Financing: Cash; 1031 Exchange
Environmental: Other (See Rmks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Supplements
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!
IDX
Listing Office: The Firm RE

Last Updated: May - 14 - 2025

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