$275,000
Gilbert, AZ 85233
MLS# 5764761
Status: Closed
1 / 5
Property Description
Great investment opportunity in the heart of downtown Gilbert. This property sits just on the boundary of the Heritage District, one of the fastest growing and hip new places in town. Two lots included in the sale APN #'s 302-14-050 & 302-14-049. Construction plans have already been approved for a 6000 sq ft building. Check with the town of Gilbert regarding specific zoning and use restrictions for your intended use but with G-C General Commercial the possibilities are endless. Possible build to suite, development opportunity, end user or buy and hold. Photo's included are for concept purposes only and do not represent what is included with the purchase. Raw Land, Utilities on site, just off Gilbert Rd. Sign on property, drive by & bring offer.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $275,000
Sold Price: $275,000
Status: Closed
List Date: 2018-05-11
Location, Tax & Legal
Lot #: 46
Assessor's Map #: 14
Legal Description (Abbrev): LOT 46 LA VIDA SERENA SQUARE MCR 017139
Assessor's Parcel #: 49
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Census Tract: 422401
Taxes: 2363
Map Code/Grid: S39
House Number: 45
Compass: W
Street Name: OLIVE
St Suffix: Avenue
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
County Code: Maricopa
Assessor Number: 302-14-049
Subdivision: LA VIDA SERENA SQUARE
Tax Year: 2017
General Property Description
Apx Total Acres: 0.48
Apx Total Acres G/N: G
Price Per Acre: 718750
# Lots in Listing: 2
Apx SqFt: 21000
Price Per SqFt: 16.43
Apx SqFt G/N: G
Lot Size Dimensions: 150X140
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Zoning: G-C
Legal Info
Range: 5E
Section: 12
Township: 1S
Lot Number: 46
Special Listing Cond
N/A: 1
Pmt & Rate Info
Down Payment: 0
Equity: 345000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Existing Land Use
Commercial Lot: 1
Zoned Presently
Commercial: 1
Potential Use
Multi-Family: 1
Commercial: 1
Office: 1
Retail: 1
Pad Site: 1
Parcel Size
.25 - .49 Acres: 1
Development Status
Raw Land: 1
Road Surface Type
Asphalt: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
None: 1
Distance to Cable
Under 350 Feet: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
Under 350 Feet: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Adjustable/Graduated: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: GILBERT AND GUADALUPE
Directions: South on Gilbert, West on Olive
Geo Lat: 33.360275
Geo Lon: -111.790634
Status Change Info
Off Market Date: 2018-10-12
Under Contract Date: 2018-09-06
Close of Escrow Date: 2018-10-12
Sold Price: $275,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot
Zoned Presently: Commercial
Potential Use: Multi-Family; Commercial; Office; Retail; Pad Site
Parcel Size: .25 - .49 Acres
Development Status: Raw Land
Road Surface Type: Asphalt
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Adjustable/Graduated
Existing 3rd Loan Terms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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