18211 Pima RdScottsdale, AZ 85255

This exceptional ±1.7-acre parcel in Scottsdale's prestigious DC Ranch community presents a unique opportunity for a luxury hotel development. The site, located at 18211 N Pima Rd, Scottsdale, AZ 85255, boasts 74,052 square feet of existing restaurant space with a net rentable area of 125,000 square feet, currently configured as 200 units. The property is strategically positioned at the intersection of Pima Road and the Loop 101 freeway, offering unparalleled visibility and accessibility. The location within the "Scottsdale Cure Corridor" ensures a consistent stream of visitors due to its proximity to major healthcare facilities, including Mayo Hospitals. The site is part of a thriving planned neighborhood center, featuring upscale amenities such as restaurants, a grocery store with a grill, and various service retail businesses. The property includes a 75-car parking lot, shared maintenance responsibilities (pavement, landscaping, irrigation, lighting, and security) through the DC Ranch Crossing POA, and all necessary utilities (sewer, water, fire loop, drainage, power, and communications). Four monument sign placeholders are also available. A height variance of 56 feet allows for a significant vertical development, a rare opportunity in this highly desirable location. The asking price is $6,000,000, with a price per square foot of $81.02. This is an unparalleled chance to create a landmark development in one of Arizona's most sought-after areas. The APN is 217-11-859.