647 West Ray Road, Unit 2

Closed 5/5/25
Closed 5/5/25
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Last Sold Price
$525,000
54,307 Lot Size1.25 Acres
647 W Ray Rd, Unit 2, Gilbert, AZ 85233

Description

Seller in process of removing egress easement rd that cuts across property and will complete this process with an accepted offer Introducing a rare opportunity in the heart of Gilbert, Arizona's thriving commercial landscape! This prime parcel of 1.25 acres boasts unparalleled visibility with frontage on Ray Rd, making it an ideal investment for astute developers and entrepreneurs alike. Strategically zoned for shopping center development, this lot offers endless possibilities for those looking to...Seller in process of removing egress easement rd that cuts across property and will complete this process with an accepted offer Introducing a rare opportunity in the heart of Gilbert, Arizona's thriving commercial landscape! This prime parcel of 1.25 acres boasts unparalleled visibility with frontage on Ray Rd, making it an ideal investment for astute developers and entrepreneurs alike. Strategically zoned for shopping center development, this lot offers endless possibilities for those looking to capitalize on the burgeoning commercial demand in the area. Whether you envision a retail hub, dining destination, or a combination of both, this property is primed and ready to be transformed into a lucrative income-generating asset. Situated in the bustling East Valley growing population make it a magnet for businesses seeking to establish a strong foothold in the region. Don't miss out on the chance to secure your slice of Gilbert's commercial success story. Seize this opportunity to turn your vision into reality and unlock the full potential of this premier commercial lot. Act now and position yourself for success in one of Arizona's most coveted business districts!
LISTING CLOSED: 05/05/2025 12:00 AM

  1. Listed by Hannah Hammond • Brokerage DRE #LC700402000 • The Firm RE
    P: (480) 490-3269 C: (480) 490-3269 Hannah@REatTheFirm.com
  2. Listed by Amber Monaco • Brokerage DRE #LC700402000 • The Firm RE
    P: (845) 492-9501 C: (845) 492-9501 amber@reatthefirm.com

Property Details for 647 West Ray Road, Unit 2

Status
Closed
MLS #
6680461
Days on Market
376
Taxes
$7,689 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Land
MLS Type
Land
Year Built
-
Lot Size
1.25 AC
County
Maricopa County
Subdivision Name
COOPER SQUARE FINISHLINE CARWASH LOT 4 REPLAT
View YN
Yes
Zoning
SC

Recent comparable sales

Median sold price

$685,000

Avg days on market

77

Sale-to-list ratio

93.7%

Gilbert, AZ

9 comparable properties found

view of a city
1/9
1

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Sold 01/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.13
Acres

13573 South Val Vista Drive, Gilbert, AZ 85296

$570,000 | 1576 South 155th Street, Unit 2, Gilbert, AZ 85296
1/20
2

$570,000

Sold 03/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.84
Acres

1576 South 155th Street, Unit 2, Gilbert, AZ 85296

a view of lake view and mountain view
1/2
3

$190,000

Sold 02/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.12
Acres

82 West Brooks Street, Unit 22, Gilbert, AZ 85233

$415,000 | 955 West Harvard Avenue, Gilbert, AZ 85233
1/2
4

$415,000

Sold 07/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
1.00
Acres

955 West Harvard Avenue, Gilbert, AZ 85233

$800,000 | 642 East Loma Vista Street, Unit 7, Gilbert, AZ 85295
1/2
5

$800,000

Sold 07/08/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.85
Acres

642 East Loma Vista Street, Unit 7, Gilbert, AZ 85295

$800,000 | 651 East Loma Vista Street, Unit 8, Gilbert, AZ 85295
1/4
6

$800,000

Sold 03/07/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.91
Acres

651 East Loma Vista Street, Unit 8, Gilbert, AZ 85295

$800,000 | 654 East Loma Vista Street, Unit 6, Gilbert, AZ 85295
1/12
7

$800,000

Sold 09/19/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.87
Acres

654 East Loma Vista Street, Unit 6, Gilbert, AZ 85295

$800,000 | 669 East Loma Vista Street, Unit 9, Gilbert, AZ 85295
1/12
8

$800,000

Sold 09/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.84
Acres

669 East Loma Vista Street, Unit 9, Gilbert, AZ 85295

$800,000 | 700 East Loma Vista Street, Unit 4, Gilbert, AZ 85295
1/2
9

$800,000

Sold 09/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.81
Acres

700 East Loma Vista Street, Unit 4, Gilbert, AZ 85295

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Location

Listing Courtesy of The Firm RE

Sold By Aartie Aiyer Realty LLC

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Building Information for 647 West Ray Road, Unit 2

Lot Size1.25 AC

Payment Calculator

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$3,309 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,669

Property Taxes

$641

HOA Dues

$0

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Property Information for 647 West Ray Road, Unit 2

Summary
Location and General Information
  • Unparsed Address: 647 W RAY Road, 2, Gilbert, AZ 85233
  • City: Gilbert
  • Coordinates: -111.803646, 33.320067
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Ray Rd & Cooper Rd
  • Latitude: 33.320067
  • Longitude: -111.803646
  • Postal City: Gilbert
  • Postal Code: 85233
  • Postal Code Plus4: 8408
  • State Or Province: AZ
  • Street Suffix: Road
Taxes and HOA
  • Association YN: No
  • Tax Annual Amount: $7,689.00
  • Tax Book Number: 302.00
  • Tax Legal Description: LOT 2 COOPER SQUARE FINISHLINE CARWASH LOT 4 REPLAT MCR 067726
  • Tax Lot: 2
  • Tax Map Number: 83.00
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2,023
Parking
  • Garage YN: No
School Information
  • Elementary School District: Chandler Unified District
  • High School District: Chandler Unified District
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 1.25
  • Lot Size Area: 1.25
  • Lot Size Dimensions: rectangular
  • Lot Size Square Feet: 54307.0
  • Lot Size Units: Acres
Property and Assessments
  • Disclosures: Other (See Rmks)
  • Documents Change Timestamp: 03-21-2024 01:28:48 PM
  • Documents Count: 1
  • Parcel Number: 30283963
  • Property Type: Land
  • Public Survey Range: 5E
  • Public Survey Section: 25
  • Public Survey Township: 1S
Utilities
  • Distance To Electric Comments: Call Listing Office
  • Distance To Gas Comments: Call Listing Office
  • Distance To Phone Service Comments: Call Listing Office
  • Distance To Sewer Comments: Call Listing Office
  • Distance To Water Comments: Call Listing Office
  • Electric: Other (See Rmks)
  • Electric On Property YN: Yes
  • Sewer: Other
  • Water Source: See Remarks
Interior and Exterior Features
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0

Property History for 647 West Ray Road, Unit 2

DateEvent & SourcePriceAppreciation
May 5, 2025

Sold

ARMLS #6680461

$525,000—
Apr 1, 2025

Pending

ARMLS #6680461

—
May 29, 2024

Price Change

ARMLS #6680461

$575,000—
DateEvent & SourcePrice
05/05/2025

Sold

ARMLS #6680461

$525,000
04/01/2025

Pending

ARMLS #6680461

—
05/29/2024

Price Change

ARMLS #6680461

$575,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 647 West Ray Road, Unit 2

This home is within Chandler Unified District.
Rating
School
Type
Grades
Distance
Chandler Traditional Academy - Liberty Campus
Public - PK to 6
Willis Junior High School
Public - 7 to 8
Perry High School
Public - 8 to 12
Ken 'chief' Hill Learning Academy
Public - 7 to 12
Rating
School
Distance
Chandler Traditional Academy - Liberty Campus
PublicPK to 6

Willis Junior High School
Public7 to 8

Perry High School
Public8 to 12

Ken 'chief' Hill Learning Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 647 West Ray Road, Unit 2, Gilbert, AZ 85233
$525,000
–
–
–
54,307
703 West Ray Road, Gilbert, AZ 85233
$1,750,000
–
–
4,892
20,310
647 West Ray Road, Gilbert, AZ 85233
$525,000
–
–
–
54,307
633 West Ray Road, Unit 106A, Gilbert, AZ 85233
–
–
–
–
–
615 West Ray Road, Gilbert, AZ 85233
$1,150,000
–
–
4,306
75,228
707 West Ray Road, Gilbert, AZ 85233
$935,000
–
–
11,010
89,734

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Firm RE

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.