650 Scottsdale RdTempe, AZ 85288

Property Details for 650 Scottsdale Rd

Year built

1997

Lot size

0.55 AC

Property size (Sq ft)

5,037 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

132-22-037

APU

13222037

Description

This exceptional 5,037 square foot restaurant space presents a unique opportunity for a discerning operator seeking a high-visibility location in the heart of Scottsdale. Located at 650 N Scottsdale Road, this single-tenant property boasts prime frontage on a major thoroughfare, experiencing exceptionally high daily traffic volume. With 45,838 vehicles passing daily on Scottsdale Road and an additional 236,477 vehicles on the nearby Loop 202 freeway, this location ensures maximum exposure to potential customers. The property is a former restaurant, offering a ready-to-customize space, eliminating the need for extensive build-out. The building's strategic position within a dense employment area further enhances its appeal. A substantial daytime workforce of 286,712 employees within a five-mile radius provides a large and readily accessible customer base. This turnkey opportunity combines high visibility, significant traffic counts, and a strong local workforce, making it an ideal location for a thriving restaurant business. The entire 5,037 square feet is currently vacant and available for immediate occupancy. The property is situated in Maricopa County. This is a rare chance to establish a successful restaurant in a highly desirable and well-trafficked area of Scottsdale.

• CAP approach

  CAP return

  Valuation

  6%

  $1,332,480

  6.5%

  $1,229,982

  7%

  $1,142,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,956,663

  Geo Method

  $1,956,663

• Alternative Use

  Use

  Valuation

  Residential

  $1,037,536

  Hospitality

  $950,377

  Educational

  $790,703

  Medical

  $817,896

  Retail

  $1,229,982

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4353

Longitude

-111.927

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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