748 Gilbert RdGilbert, AZ 85233

Property Details for 748 Gilbert Rd

Year built

2001

Construction

STEEL FRAME

Lot size

1.00 AC

Property size (Sq ft)

3,277 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Drive through restaurants

APN

302-14-619A

APU

30214619A

Description

This exceptional 3,277 square foot grocery store building presents a rare investment opportunity in the thriving Gilbert, Arizona market. Located at 748 N Gilbert Rd, this property boasts a highly desirable drive-thru, a significant advantage for any retail operation. Situated on a one-acre parcel, the building benefits from 46 existing parking spaces, ensuring ample customer convenience. The property's strategic location offers exceptional visibility and accessibility, with convenient proximity to downtown Gilbert and exposure to a substantial daily traffic count of 25,130 vehicles along Gilbert Road. Currently zoned for commercial use, this property offers significant potential for redevelopment, catering to a wide range of retail or commercial ventures. The asking price is $2,000,000. This is a unique chance to acquire a well-positioned, established property in a rapidly growing area, offering both immediate income potential and long-term growth prospects. The property's existing infrastructure and prime location make it an attractive investment for both seasoned investors and those seeking a strong foothold in the Arizona commercial real estate market. Don't miss this opportunity to own a piece of Gilbert's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,435,297

  6.5%

  $1,324,890

  7%

  $1,230,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,744,790

  Geo Method

  $1,744,790

• Alternative Use

  Use

  Valuation

  Residential

  $1,117,594

  Hospitality

  $1,023,710

  Educational

  $851,715

  Medical

  $881,007

  Retail

  $1,324,890

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3634

Longitude

-111.79

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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