5.3 Acres at Ray & SanTan Village Parkway Up for Bid in Gilbert

Town-Owned Land Appraised at $2.6M Could Shape the Future of One of Gilbert’s Busiest Corridors

Big changes could be coming to the northeast corner of Ray Road and SanTan Village Parkway in Gilbert.

The Town of Gilbert has announced it is accepting sealed bids for a 5.3-acre parcel of town-owned land at this highly trafficked location—just minutes from SanTan Village Mall, the Loop 202 Freeway, and a growing number of commercial and residential developments.

📍 Prime Location with Serious Potential

The site sits at one of Gilbert’s most visible and accessible intersections, surrounded by national retailers, dining options, and ongoing development. With nearby anchors like Whole Foods, Dick’s House of Sport, Topgolf, and Main Event, this corner is poised for something impactful.

This opportunity offers 5.3 acres of developable land, giving investors, builders, or end users a flexible footprint to bring commercial, hospitality, mixed-use, or lifestyle concepts to life.

💰 Appraised at $2.6 Million

According to official bid documents, the property has been appraised at $2,600,000. That comes out to just under $500,000 per acre—a strong indicator of the value and demand in this growing part of Gilbert.

📆 Important Dates

• Bid Deadline: December 15, 2025, at 2:00 PM

• Bid Opening: December 15, 2025, at 2:30 PM

• Town Council Review: January 6, 2026

Those interested in submitting a bid can find full bid instructions and requirements on the Town of Gilbert’s official website: www.gilbertaz.gov

🏗️ What Should Go There?

The big question: What should be built here?

With over five acres of space in such a dynamic corridor, the options are wide open. Will we see a new restaurant concept? A local shopping center? A boutique hotel or entertainment destination? Could it even become home to a multi-use retail and office space or a co-working lifestyle plaza?

We’d love to hear your ideas.