31313 Scottsdale RdScottsdale, AZ 85266

Property Details for 31313 Scottsdale Rd

Year built

2007

Construction

CONCRETE

Lot size

14.53 AC

Property size (Sq ft)

27,153 SF

Zone code

PAD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

216-66-003H

APU

21666003H

Description

This exceptional retail strip center, located at 31313 N Scottsdale Rd in Scottsdale, Arizona (zip code 85266), offers a total of 66,361 square feet of prime retail space. Currently, there are 2,756 square feet of vacant space available for lease, presenting a unique opportunity for expansion or new tenancy within a thriving established center. Situated in Maricopa County, this multi-tenant property boasts a highly visible location along Scottsdale Road, ensuring excellent exposure to a large customer base. The property's design and layout are ideal for a variety of retail businesses, offering flexibility and adaptability to suit diverse needs. The existing tenants contribute to a vibrant and successful shopping environment, creating a synergistic atmosphere that benefits all occupants. This is an excellent opportunity for businesses seeking a well-established location in a high-traffic area of Scottsdale. The property's strong location and existing infrastructure make it an attractive investment for both established businesses and new ventures looking to capitalize on the area's robust retail market. The available space is ready for immediate occupancy, allowing for a swift and efficient transition for new tenants. Detailed floor plans and lease terms are available upon request. Don't miss this chance to secure a prime retail space in one of Scottsdale's most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $11,702,333

  6.5%

  $10,802,154

  7%

  $10,030,571

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,435,438

  Geo Method

  $15,435,438

• Alternative Use

  Use

  Valuation

  Residential

  $9,112,021

  Hospitality

  $8,346,562

  Educational

  $6,944,242

  Medical

  $7,183,065

  Retail

  $10,802,154

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.769

Longitude

-111.924

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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