801 Ray RdChandler, AZ 85225

Property Details for 801 Ray Rd

Year built

1980

Construction

CONCRETE

Lot size

0.42 AC

Property size (Sq ft)

3,540 SF

Zone code

MF-2

Property type

Medical offices

Property subtype

Medical centers

APN

302-49-152

APU

30249152

Description

This exceptional commercial property, located at 801 W Ray Road Unit 801 in Chandler, Arizona, presents a unique investment opportunity. Situated on a 0.42-acre lot, the building boasts a highly desirable location with excellent visibility on a busy street, providing unparalleled access to a large customer base. Its previous use as a medical/dental office and current use as a church demonstrates its adaptability and suitability for a wide range of commercial ventures. The property features a spacious conference room, ideal for meetings or presentations, and benefits from the convenience of dual parking lots, ensuring ample space for clients and staff. The strategic location offers easy access to major freeways, enhancing its appeal for businesses requiring convenient transportation links. A significant advantage is the absence of HOA or condo fees, minimizing ongoing expenses and maximizing the return on investment. This low-maintenance property offers unparalleled flexibility, making it an attractive proposition for discerning investors seeking a prime commercial space in the thriving Chandler market. The property's versatility, combined with its prime location and minimal ongoing costs, makes it a truly exceptional opportunity. Don't miss this chance to acquire a highly sought-after commercial property in one of Chandler's most desirable areas. The asking price is $899,999.

• CAP approach

  CAP return

  Valuation

  6%

  $595,336

  6.5%

  $549,541

  7%

  $510,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $545,691

  Geo Method

  $545,691

• Alternative Use

  Use

  Valuation

  Residential

  $681,431

  Hospitality

  $624,187

  Educational

  $519,316

  Medical

  $537,176

  Retail

  $807,826

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3202

Longitude

-111.855

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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