685 S GILBERT Road, Gilbert, AZ 85296

$2,565,000
Property Type: Comm/Industry Sale Square Footage: 14,791 Lot Size (sq. ft.): 108,464 Status: Closed
Current Price: $2,565,000 List Date: 4/30/2023 Last Modified: 6/02/2023

Overview

Description

Great Location. Renovated retail/ warehouse buildings on 2.49 acres with frontage on Gilbert Road. Building 1 consists of an office/ retail/warehouse. The interior is configured with retail area up front, restrooms and warehouse areas, mezzanine, and a large kitchen. Building 2 is warehouse space. Four large grade level doors, 18' ceiling height, mezzanine space This property offers great visibility on a major road. Located within close proximity to business, retail amenities, including Quick Trip, Lowe's and less than a mile south of Downtown Gilbert.

Listing Details MLS# 6495949

Location, Tax & Legal

Map Code/Grid
S40
House Number
685
Compass
S
Street Name
GILBERT
St Suffix
Road
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85296
Zip4
2803
Country
US
County Code
Maricopa
Assessor Number
304-23-021-B
Tax Year
2022
Assessor's Map #
23
Legal Description (Abbrev)
N 155F OF FOL BEG SW COR TH N 199.8F TH E 914.47F TO CEN CONS CAN TH SWLY ALG CEN CAN TO S LN SW4 TH
Assessor's Parcel #
21
Assessor Parcel Ltr
B
Add'l Parcels
No
Tax Municipality
Gilbert
Census Tract
422404
Taxes
15125
Legal
N 155F OF FOL BEG SW COR TH N 199.8F TH E 914.47F TO CEN CONS CAN TH SWLY ALG CEN CAN TO S LN SW4 TH

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Commercial Retail/Warehouse
Ttl Apx SqFt Bldg
14791
# of Buildings
2
Year Built
1976
Uncvrd Parking Spcs
42
Zoning
GC

Remarks Misc

Cross Street
Gilbert Road and Warner
Directions
North on Gilbert Road to southeast Corner of Gilbert Road and Palomino Drive

Status Change Info

Off Market Date
2023-04-30
Under Contract Date
2022-12-29
Close of Escrow Date
2023-06-01

Legal Info

Township
1S
Range
6E
Section
18
Lot Number
--

More Information

Contact Info

List Agent Home Phn
602-451-3684

Sold Info

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

Construction

Metal
Yes

Roofing

Composition
Yes
Other
Yes

Floors

Concrete
Yes
Sealed
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Distribution/Warehouse
Yes

Business Type

Warehouse
Yes
Retail
Yes
Bar/Tavern/Lounge
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
2495000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

16.1 Feet to 28 Feet
Yes

Heating

Electric
Yes
Warehouse Heated
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes

Loading Facilities

Grade Level
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Fenced
Yes
Free
Yes
Private
Yes

Electric

SRP
Yes

Gas

None
Yes

New Financing

Cash to Loan
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Non Assumable
Yes
Not Applicable
Yes

Reports/Disclosures

None
Yes

Environmental

Phase I Available
Yes

Property Features

Building Type: Commercial; Distribution/Warehouse Business Type: Warehouse; Retail; Bar/Tavern/Lounge Stories: 1 Story Construction: Metal Roofing: Composition; Other Floors: Concrete; Sealed Ceiling Height: 16.1 Feet to 28 Feet Heating: Warehouse Heated Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished Fencing: Block Parking Features: Fenced; Free; Private Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Non Assumable; Not Applicable Environmental: Phase I Available
IDX
Listing Office: LRA Real Estate Group, LLC
Last Updated: June - 02 - 2023
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.