424 Gilbert RdMesa, AZ 85204

  • Flex space
  • 11,360 SF
For Sale
$2,250,000 View listing

Property Details for 424 Gilbert Rd

Year built
1982
Construction
STEEL FRAME
Lot size
0.59 AC
Property size (Sq ft)
11,360 SF
Zone code
LC
Property type
Flex space
APN
139-01-049F
APU
13901049F

Description

This ±12,010 square foot industrial building sits on a 0.58-acre lot in Mesa, Arizona, at 424 S Gilbert Rd, 85204. Currently configured as an automotive repair shop, this versatile property offers significant potential for various uses, including flex space and warehouse operations. The building features four grade-level doors, approximately 650 square feet of office space, and a desirable 14-20 foot clear ceiling height. Its location provides excellent visibility and accessibility, with frontage on Gilbert Road near the intersection of Broadway Road and Gilbert Road. The property is zoned LC (City of Mesa), allowing for a range of industrial and commercial activities. The asking price is $2,250,000, translating to $187.34 per square foot. The property will be delivered vacant upon sale. The parcel number is 139-01-049F. This is a rare opportunity to acquire a well-located, adaptable industrial property in a thriving market. The substantial size, combined with its convenient location and flexible zoning, makes this an attractive investment for a variety of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,122,053
    Hospitality
    $3,775,778
    Educational
    $3,141,403
    Medical
    $3,249,441
    Retail
    $4,886,627

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4074
Longitude
-111.789
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,310
-
-
$182,490
-
$215,300
$890,700
$1,106,000

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