1035 Gilbert RdTempe, AZ 85288

Property Details for 1035 Gilbert Rd

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional investment opportunity encompasses two parcels totaling ±255,473 square feet (approximately 5.86 acres) located at 1035 E Curry Rd & 1050 E Gilbert Rd in Tempe, Arizona. The property, identified by APNs 132-19-012E and 132-19-013E, is zoned I-2 and presents a compelling redevelopment opportunity within a highly desirable area. Situated in North Tempe, this site boasts convenient access to major freeways, Valley Metro Rail, and Arizona State University, making it an attractive location for a variety of uses. The property's proximity to established businesses like Carvana and Lesueur Car Company further enhances its appeal. While currently suitable for automotive sales, the I-2 zoning allows for exploration of diverse development options, including multifamily residential projects. Existing multifamily development plans are available upon request. This ±5.86 acre parcel presents a unique chance to capitalize on the growth and potential of Tempe's thriving market. The asking price for this significant land holding is $11,100,000. Don't miss this chance to acquire a substantial property in a prime Tempe location.

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4394

Longitude

-111.923

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