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1777 E Melrose Melrose St. Gilbert AZ St - Melrose & Rome St. Medical Development 7.92 Acres of Commercial Land Offered at $11,560,496 CAD in Gilbert, AZ 85297
INVESTMENT HIGHLIGHTS
- Prime Location
- Zoning: BP (Business Park) supports mid-rise construction up to 90 feet (6 stories) with potential for 11 stories under Gilbert's VDOD zoning
- Development Type: Medical & Life Sciences
EXECUTIVE SUMMARY
• Seller-Carry Options are available for one year.
• Gilbert’s Vertical Development Overlay Zoning District (VDOD) allows for maximum density with mid-rise construction up to 90 feet and/or 6 stories, by right. Additionally, this VDOD allows for a developer to apply for approval for up to eleven stories.
• Ideal for life sciences, laboratory and/or biotech uses with access to the site from two roadways (Rome & Melrose), allowing ease of access and navigation for delivery and shipping.
PROPERTY FACTS
| Price | $11,560,496 CAD | Proposed Use | Medical |
| Sale Type | Owner User | Total Lot Size | 7.92 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Cross Streets | Val Vista & Melrose St. |
| Property Subtype | Commercial | ||
| Zoning | BP - Permitted uses under the "Business Park" (BP) Zoning district for the Town of Gilbert Primarily include: Office, Medical Outpatient Surgery Centers | ||
| Price | $11,560,496 CAD |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Medical |
| Total Lot Size | 7.92 AC |
| No. Stories | 1 |
| Cross Streets | Val Vista & Melrose St. |
| Zoning | BP - Permitted uses under the "Business Park" (BP) Zoning district for the Town of Gilbert Primarily include: Office, Medical Outpatient Surgery Centers |
1 LOT AVAILABLE
Lot
| Price | $11,560,496 CAD | Lot Size | 7.92 AC |
| Price Per AC | $1,459,658.59 CAD |
| Price | $11,560,496 CAD |
| Price Per AC | $1,459,658.59 CAD |
| Lot Size | 7.92 AC |
Unlock 7.92 acres of prime medical land in the heart of Gilbert, Arizona. Located steps from the award-winning Mercy Gilbert Medical Center and its state-of-the-art Women’s Pavilion, this site offers unparalleled access to one of the region’s premier
DESCRIPTION
Rare Medical Development Land Minutes from Mercy Gilbert Hospital Unlock 7.92 acres of prime medical land in the heart of Gilbert, Arizona. Located steps from the award-winning Mercy Gilbert Medical Center and its state-of-the-art Women’s Pavilion, this site offers unparalleled access to one of the region’s premier healthcare destinations. Steps from Mercy Gilbert Medical Center with 212 beds, 1,400 employees, and a collaboration with Phoenix Children’s Hospital—ensuring strong patient demand for medical services. Property Highlights Prime Location: Adjacent to Mercy Gilbert Hospital and near major highways, airports, and mixed-use developments, this location is primed for success Total Area: +-7.92 Acres (345,068 SF) Split lot sizes ranging from +-0.85 Acres to +-3.88 Acres, catering to versatile development needs. Development Type: Medical & Life Sciences Hub: Invest in one of Arizona’s fastest-growing healthcare and commercial corridors. Zoning: BP (Business Park) supports mid-rise construction up to 90 feet (6 stories), with potential for 11 stories under Gilbert’s VDOD zoning.” Strategic connectivity: Seamless Connectivity: Half a mile from Loop 202 San Tan Freeway, providing unmatched regional access
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $162,699 CAD | Total Assessment | $162,699 CAD |
PROPERTY TAXES
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1777 E Melrose Melrose St. Gilbert AZ St - Melrose & Rome St. Medical Development
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