505 W RAY Road $750,000

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    505 W RAY Road Chandler, AZ 85225

    Closed
    SOLD 4/1/2022

    $750,000

    • 3,770 sq. ft.
    • Commercial Sale
    • MLS# 6323564
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    Views: 22

    Property Details

    Absolute great opportunity to own a multi-suite office complex in the heart of the booming central Chandler area. Investment or primary ownership opportunity to acquire a great passive investment!

    • General Features
      • Building Type Commercial,Office
      • Cooling Central A/C
      • County Maricopa
      • Covered Parking Spaces 8.00
      • Cross Street Ray Road & Hartford
      • Directions Head East on Ray road, until you pass the half mile light of hartford which is between Alma School & Arizona Avenue. Property is located on the south side of Ray Road.
      • Electric SRP
      • Fencing None
      • Gas SW Gas
      • Heating Electric
      • Parking Free,Paved Parking,Private Parking,Public Parking
      • Roofing Foam,Rolled
      • Sewer Sewer - Public
      • Subdivision ROOSEN PARK
      • Taxes $6,556
      • Total Approx Building SqFt 3,770
      • Total Approx Land SqFt 8,792
      • Uncovered Parking Spaces 12.00
      • Water City Franchise
      • YearBuilt 1984
      • Zoning commercial
    • Building Features
      • Construction Block,Brick,Frame - Wood
      • Ceiling Height 10.1 Feet to 12 Feet,8 Feet or Less
      • Stories 1 Story
      • Interior Finished,Fire Sprinklers,Smoke Detector(s)
      • Exterior Building Sign,Landscaping,Security Light(s)
      • Floors Other
    • Property Features
      • Total Parking Space 20.00
      • Legal Info: Lot Number 14
      • Legal Info: Township 28
      • Legal Info: Range 5E
      • Ownership Fee Simple
      • Income & Expenses: Net Operating Income 15000.00
      • Income & Expenses: Gross Annual Sch Inc 57600.00
      • Income & Expenses: Adjusted Gross Inc 57600.00

    Neighborhood

    85225 (Chandler) Demographics

    34 Median Age
    5,491 Population Density (per sq. mile)
    39% College Educated
    $62,155 Estimated Median Income
    14,927 Estimated Total Home Owners
    10,513 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    70,356 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $475,000 Median Sales Price
    75 Homes Sold
    106 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $850,000 13.33%
        4/1/2022 12:00:00 AM Sold Source: Multiple Listing Service New Value: $750,000
        1/14/2022 8:23:48 AM Status Changed Source: Multiple Listing Service New Value: UCB (Under Contract-Backups)
        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 5/24/2022 1:46:04 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Engel & Völkers Scottsdale.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.