45 W OLIVE Avenue 46, Gilbert, AZ 85233 (MLS# 5764761)

45 W OLIVE Avenue 46, Gilbert, AZ 85233

$275,000

Mixed Use - Commercial lower level - Residential Lofts Upper Level

Property Type: Land Lot Size (sq. ft.): 21,000 Status: Closed

Current Price: $275,000 List Date: 5/11/2018 Last Modified: 4/07/2026

Overview

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.

Listing Details MLS# 5764761

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Assessor Number: 302-14-049
Subdivision: LA VIDA SERENA SQUARE
Tax Year: 2017
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

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

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
Zoning: G-C
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District

Remarks Misc

Cross Street: GILBERT AND GUADALUPE
Directions: South on Gilbert, West on Olive

Status Change Info

Off Market Date: 2018-10-12
Under Contract Date: 2018-09-06
Close of Escrow Date: 2018-10-12

Legal Info

Township: 1S
Range: 5E
Section: 12
Lot Number: 46

More Information

Sold Info

Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

N/A: Yes

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: Yes

Zoned Presently

Commercial: Yes

Potential Use

Multi-Family: Yes
Commercial: Yes
Office: Yes
Retail: Yes
Pad Site: Yes

Parcel Size

.25 - .49 Acres: Yes

Development Status

Raw Land: Yes

Road Surface Type

Asphalt: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Sewer

Sewer - Public: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

SW Gas: Yes

Existing Structures

None: Yes

Distance to Cable

Under 350 Feet: Yes

New Financing

Cash: Yes
Conventional: Yes

Distance to Phone

Under 350 Feet: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Existing 1st Loan Type

Not Applicable: Yes

Distance to Gas

On Property: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

On Property: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Adjustable/Graduated: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Other Loan

Not Applicable: Yes

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