1290 Scottsdale RdTempe, AZ 85288

Property Details for 1290 Scottsdale Rd

Year built

1987

Construction

CONCRETE

Lot size

5.54 AC

Property size (Sq ft)

15,160 SF

Zone code

PCC-1

Property type

Retail properties

Property subtype

Strip malls

APN

132-03-237A

APU

13203237A

Description

This exceptional retail property, Rio Salado Courtyard, offers 58,061 square feet of commercial space in Maricopa County. Currently, there is one available space totaling 4,799 square feet, perfect for a variety of retail businesses. The property boasts ample parking, a significant advantage for customers and employees. Built in 1990, the building is well-established and situated within a thriving commercial area. The multi-tenant configuration provides a diverse and vibrant atmosphere. This is an excellent opportunity for businesses seeking high visibility and convenient access. The available space presents a chance to establish or expand a retail presence in a well-maintained and strategically located building. The property's substantial size and ample parking ensure a comfortable shopping experience for patrons. The existing tenant mix contributes to a strong and established commercial environment. This is a rare opportunity to secure a prime retail space in a desirable location with excellent parking. Interested parties are encouraged to inquire for further details and leasing information. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,910,920

  6.5%

  $3,610,080

  7%

  $3,352,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,889,024

  Geo Method

  $5,889,024

• Alternative Use

  Use

  Valuation

  Residential

  $3,045,238

  Hospitality

  $2,789,422

  Educational

  $2,320,766

  Medical

  $2,400,581

  Retail

  $3,610,080

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4429

Longitude

-111.927

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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