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
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.
More Information MLS# 6495949
Contract Info
Ownership: Fee Simple
Current Price: $2,565,000
Sold Price: $2,565,000
Status: Closed
List Date: 2022-12-05
Location, Tax & Legal
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
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
County Code: Maricopa
Assessor Number: 304-23-021-B
Tax Year: 2022
General Property Description
Type of Property: Commercial Retail/Warehouse
Ttl Apx SqFt Bldg: 14791
# of Buildings: 2
Uncvrd Parking Spcs: 42
Year Built: 1976
Zoning: GC
Legal Info
Range: 6E
Section: 18
Township: 1S
Lot Number: --
Construction
Metal: 1
Roofing
Composition: 1
Other: 1
Floors
Concrete: 1
Sealed: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Distribution/Warehouse: 1
Business Type
Warehouse: 1
Retail: 1
Bar/Tavern/Lounge: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 2495000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
16.1 Feet to 28 Feet: 1
Heating
Electric: 1
Warehouse Heated: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Loading Facilities
Grade Level: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Fenced: 1
Free: 1
Private: 1
Electric
SRP: 1
Gas
None: 1
New Financing
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Non Assumable: 1
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
Phase I Available: 1
Contact Info
List Agent Home Phn: 602-451-3684
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Gilbert Road and Warner
Directions: North on Gilbert Road to southeast Corner of Gilbert Road and Palomino Drive
Geo Lat: 33.337474
Geo Lon: -111.788482
Status Change Info
Off Market Date: 2023-04-30
Under Contract Date: 2022-12-29
Close of Escrow Date: 2023-06-01
Sold Price: $2,565,000
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
Listing Office:
LRA Real Estate Group, LLC
Last Updated: June - 02 - 2023
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