16433 68Th PlScottsdale, AZ 85254

Property Details for 16433 68Th Pl

Year built

1985

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

3,218 SF

Zone code

R-8

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

215-43-174

APU

21543174

Description

This exceptional 3,218 square foot, single-story healthcare facility presents a unique investment opportunity in Scottsdale, Arizona. Built in 1985 and extensively renovated in 2023, the property boasts 10 beds and is currently vacant, offering significant upside potential for a new owner-operator. Located at 16433 N 68th Pl, Scottsdale, AZ 85254, in Maricopa County, this Class B building sits on a R-8 zoned lot. The property features a convenient location, minutes from prominent shopping centers like The Promenade and Kierland Commons. The asking price is $1,528,550, translating to $475 per square foot and $152,855 per bed. The property is privately owned and includes one building with no loading docks or dock-high doors. While currently vacant, its versatile design allows for various uses, including assisted living, skilled nursing, behavioral health, or other residential healthcare applications. The property's recent renovation ensures it's ready for immediate occupancy and operation. This is a rare opportunity to acquire a fully furnished healthcare facility in a prime Scottsdale location. The APN is 21543174. The property is zoned R-8.

• CAP approach

  CAP return

  Valuation

  6%

  $922,232

  6.5%

  $851,291

  7%

  $790,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,804

  Geo Method

  $834,804

• Alternative Use

  Use

  Valuation

  Residential

  $1,079,898

  Hospitality

  $989,181

  Educational

  $822,987

  Medical

  $851,291

  Retail

  $1,280,202

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.6355

Longitude

-111.933

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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