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Executive Summary

This highly visible commercial parcel offers a rare opportunity just a quarter mile from downtown Gilbert. Located in a busy, established corridor, the property enjoys strong traffic exposure and easy access via W Olive Ave and Gilbert Rd. Zoned General Commercial (GC), the site is well-suited for retail, office, or service-oriented businesses, offering flexible options for a variety of small-scale commercial uses.

Property Facts

Price $750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Religious Facility
  • Storefront, Retail or Office
Total Lot Size 0.64 AC
Opportunity Zone Yes
Zoning GC - General Commercial

1 Lot Available

Lot

Price $750,000
Price Per AC $1,166,784.90
Lot Size 0.64 AC

Zoned General Commercial (GC), the site is well-suited for retail, office, or service-oriented businesses, offering flexible options for a variety of small-scale commercial uses.

Description

Central Gilbert, AZ, near downtown, surrounded by shops, restaurants, and office developments. 28,000 SF – ideal for a small-scale commercial project. Excellent frontage on W Olive Ave, just off Gilbert Rd, ensuring strong visibility and easy access. One of the few remaining commercial parcels in a fully developed, high-traffic corridor. Perfect for developers, investors, or business owners seeking a prominent location near downtown Gilbert, this property combines prime exposure, flexible zoning, and strategic location to create an outstanding commercial opportunity.

Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 302-14-049
  • 302-14-050
Land Assessment
$31,042
Improvements Assessment
$0
Total Assessment
$31,042
  • Listing ID: 40149755

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 55 W Olive Ave, Gilbert, AZ 85234

Contact the Sale Advisor

55 W Olive Ave - Vacant Land

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