old town land for sale premiere development …...old town land for sale opinion of value premiere...
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Opinion of ValueOLD TOWN LAND FOR SALE
Premiere Development Site SWC INDIAN SCHOOL ROAD & MARSHALL WAY
Joe CosgroveVice [email protected]
WORLDWIDEREAL ESTATE SERVICES
Hunter [email protected]
Executive SummaryLevRose Commercial Real Estate, as Exclusive Advisor to the Seller, is pleased to present the extremely rare opportunity to acquire the fee simple interest of a highly sought after Land Site located in the heart of Old Town Scottsdale. The offering consists of two (2) plots of land that are separated by a public alleyway and can be sold separately or together. The property is positioned within the Opportuni-ty Zone and is equipped with the versatile C-2, DO zoning designation which offers a plethora of uses for development. This acquisition presents a golden opportunity to build on one of the most premier sites in this exclusive submarket and leave a lasting impression on the Historic Old Town Scottsdale footprint.
E. INDIAN SCHOOL ROAD
E. INDIAN SCHOOL ROAD
N. GOLDWATER BOULEVARD
N. GOLDWATER BOULEVARD
E. 1ST AVENUE
E. 1ST AVENUE
N. MARSHALL WAY
N. MARSHALL WAY
E. INDIAN SCHOOL ROAD
E. INDIAN SCHOOL ROAD
N. MARSHALL WAYN. MARSHALL WAY
N. GOLDWATER BOULEVARD
N. GOLDWATER BOULEVARD
PUBLIC ALLEYWAY
E. 1ST AVENUE
E. 1ST AVENUE
PROPERTY LOCATIONS: SOUTHWEST CORNER OF INDIAN SCHOOL ROAD & MARSHALL WAY
NORTHWEST CORNER OF 1ST AVENUE & MARSHALL WAY
ASKING PRICE:(Both Sites)
$3,720,160.00 ($105.27/SF)
TOTAL LOT SIZE: ±0.81 ACRES (±35,339 SF)
ZONING: C-2,DO CITY OF SCOTTSDALE
PROPERTY TAXES: 2019 - $21,832 ($0.62/SF)
(PER ASSESOR) 2018 - $20,419 ($0.58/SF)
2017 - $22,914 ($0.65/SF)
PROPERTY LINKS: Click Here to View Old Town Land Comps
Click Here to View Conceptual Plans
Click Here to View ALTA Survey
Click Here to View Zoning Guidelines
Click Here to View Opportunity Zone Info
Property Overview
PROPERTY LOCATION: SOUTHWEST CORNER OF INDIAN SCHOOL ROAD & MARSHALL WAY
ASKING PRICE: $2,048,860.00 ($110.00/SF)
TOTAL LOT SIZE: ±0.43 ACRES (±18,626 SF)
PARCEL NUMBERS: 130-12-031-B : ±6,722 SF
130-12-032-B: ±3,959 SF
130-12-033-B: ±7,945 SF
PROPERTY LOCATION: NORTHWEST CORNER OF 1ST AVE & MARSHALL WAY
ASKING PRICE: $1,671,300.00 ($100.00/SF)
TOTAL LOT SIZE: ±0.38 ACRES (±16,713 SF)
PARCEL NUMBERS: 130-12-045: ±6,400 SF
130-12-046B: ±6,054 SF
130-12-047A: ±4,259 SF
North Site Overview South Site Overview
NORTH SITE±18,626 SF
SOUTH SITE±16,713 SF
E. 1ST AVENUE
E. 1ST AVENUE
N. M
AR
SH
ALL W
AYN
. MA
RS
HA
LL WAY
E. INDIAN SCHOOL ROAD
E. INDIAN SCHOOL ROAD
N. MARSHALL WAY
N. MARSHALL WAY
Downtown Overlay
E. INDIAN SCHOOL ROADE. INDIAN SCHOOL ROAD
E. CAMELBACK ROADE. CAMELBACK ROAD
N. G
OLD
WAT
ER
BO
ULE
VA
RD
N. G
OLD
WAT
ER
BO
ULE
VA
RD
N. S
CO
TTS
DA
LE R
OA
DN
. SC
OT
TSD
ALE
RO
AD
N. D
RIN
KW
ATE
R B
OU
LEV
AR
DN
. DR
INK
WAT
ER
BO
ULE
VA
RD
N. M
ILLE
R R
OA
DN
. MIL
LER
RO
AD
E. EARLL DRIVEE. EARLL DRIVE
E. OSBORN ROADE. OSBORN ROAD
E. 5TH STREETE. 5TH STREET
N. 6
8T
H S
TR
EE
TN
. 68
TH
ST
RE
ET
Downtown Infil l Incentive Plan
PURPOSE
One primary principle of the Downtown Character Area Plan
(Downtown Plan) is that coordination between the public and
private sectors will be necessary in order to carefully manage
future Downtown land use considerations. The involvement of
the private sector is pivotal to the successful implementation of
the Downtown Plan. The flexible application of flexible develop-
ment standards can be used to encourage the private sector to
attain a high level of quality development while at the same time
assisting in the provision of public amenities and benefits. Thus,
establishing and utilizing a variety of tools for new development,
redevelopment and infill development that strengthens Down-
town’s mix of land uses should be strongly encouraged.
GOALS AND OBJECTIVES
The primary guiding plans for the Downtown Infill Incentive Dis-
trict are the Scottsdale General Plan and the Downtown Plan,
which are included as part of the Downtown Infill Incentive Plan
by this reference. In addition, the goals and objectives contained
within this Downtown Infill Incentive Plan are established to pro-
mote high quality new development, redevelopment and infill
development within the district through the use of flexible de-
velopment standards.
Downtown Boundary
Downtown Infill Incentive District
Scottsdale Waterfront Infill Incentive District
SITES
E. CHAPARRAL ROADE. CHAPARRAL ROAD
Site Plan
NORTH SITE
±18,626 SF
SOUTH SITE
±16,713 SF
E. INDIAN SCHOOL ROADE. INDIAN SCHOOL ROAD
N. MARSHALL WAY
N. MARSHALL WAY
E. 1ST AVENUEE. 1ST AVENUE
PUBLIC ALLEYWAY
POPULATION
1 MILE 3 MILES 5 MILES
2020 22,230 227,794 107,875
2025 24,768 246,426 116,759
HOUSEHOLDS
1 MILE 3 MILES 5 MILES
2020 11,500 102,690 50,602
HH Growth 2020-2025:
11.03% 7.96% 7.86%
AVERAGE HOUSEHOLD INCOME
1 MILE 3 MILES 5 MILES
2020 $106,959 $96,908 $102,582
Demographics
PROPERTY PROFILESCOTTSDALE OVERVIEWSCOTTSDALE OVERVIEWAffluent Population Scottsdale’s relatively large and affluent population and thriving employment base allow Scottsdale to maintain a competitive edge in attracting new retailers, company headquarters, and business leaders. This population earns an average household income of $102,591 annually and boasts a median home value of $465,000.
Superior Location & AccessScottsdale is near the center of the Greater Phoenix metro area with immediate access to Loop 101, within minutes of Scottsdale Municipal Airport and approx-imately 17 miles north of Sky Harbor International Airport. This strategic loca-tion and outstanding freeway and airport access provides superior face-to-face connectivity to a massive customers base within a few hours of travel including California, Texas, and Mexico.
Diversified Local EconomyThe local economy is well distributed among business services, high technology, biomedical, tourism and retail services all playing important roles. Major employ-ers include HonorHealth, Mayo Clinic, General Dynamics, CVS/Caremark, GoDad-dy Group, Vanguard Group, Scottsdale Insurance and Henkel Consumer Goods.
Desirable Quality of Life Scottsdale offers a desirable quality of life for its residents who enjoy a warm climate and a wealth of sunshine, as well as prestigious residential communities and access to abundance of retailers and resorts, approximately 200 golf courses in the area, more than 600 restaurants, and a flourishing arts and cultural scene with more than 100 art galleries. Major League Baseball’s Spring Training is also an exciting feature in Scottsdale, where the Colorado Rockies and Arizona Dia-mondbacks play at Salt River Fields, while San Francisco Giants play at Scotts-dale Stadium in Old Town a few miles south.
WALK-ABILITY
82%
OF DOWNTOWNSCOTTSDALE JOBSARE SALES JOBS
17.2%
OF DOWNTOWNSCOTTSDALE
POPULATION IS21-44 YEARS OLD
40.5%
E. INDIAN SCHOOL ROAD
E. INDIAN SCHOOL ROAD
N. MARSHALL WAYN. MARSHALL WAY
E. 1ST AVENUE
E. 1ST AVENUE
N. GOLDWATER BOULEVARD
N. GOLDWATER BOULEVARDNORTH SITESOUTH SITE
SW
E. INDIAN SCHOOL ROAD
E. INDIAN SCHOOL ROAD
N. MARSHALL WAYN. MARSHALL WAY
E. 1ST AVENUE
E. 1ST AVENUE
N. GOLDWATER BOULEVARD
N. GOLDWATER BOULEVARD
NORTH SITE SOUTH SITE
NE
CONTACTS
Joe CosgroveVice President [email protected]
WORLDWIDEREAL ESTATE SERVICES
This information has been secured from sources believed to be reliable, but no representations or warranties are made, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer and tenant must verify the information and bears all risk for any inaccu-racies. All quoted prices are subject to change without notice.
Hunter [email protected]