263 Warner RdGilbert, AZ 85296

Property Details for 263 Warner Rd

Year built

2005

Construction

CONCRETE

Lot size

4.11 AC

Property size (Sq ft)

8,482 SF

Zone code

GC

Property type

Turn key restaurants

APN

309-14-715

APU

30914715

Description

This exceptional retail investment opportunity, located at 263 E Warner Rd in Gilbert, Arizona, presents a compelling chance to acquire a thriving commercial property. The Shops on Warner complex encompasses 5,512 square feet across three buildings situated on a generous 4.11-acre lot. Built in 2005, the property is zoned GC and features a mix of retail and gym tenants. Currently, one retail space of 2,535 square feet is available, offering immediate income potential or the opportunity to expand an existing business. The property's location in the vibrant Gilbert market provides excellent visibility and accessibility, ensuring high foot traffic and strong tenant demand. The Maricopa County location (APN 309-14-715) offers a stable and growing market for commercial ventures. This multi-tenant property provides a diversified income stream and a solid foundation for long-term investment growth. The property's size and layout offer flexibility for a variety of retail uses, making it an attractive option for both established businesses and new ventures. This is a rare opportunity to acquire a well-maintained, established retail center in a prime Gilbert location. The property's strong tenant base and favorable zoning make it an ideal investment for those seeking a stable and profitable commercial asset.

• CAP approach

  CAP return

  Valuation

  6%

  $3,708,145

  6.5%

  $3,422,903

  7%

  $3,178,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,507,267

  Geo Method

  $4,507,267

• Alternative Use

  Use

  Valuation

  Residential

  $2,887,347

  Hospitality

  $2,644,794

  Educational

  $2,200,438

  Medical

  $2,276,114

  Retail

  $3,422,903

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3348

Longitude

-111.784

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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