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Scottsdale Hospitality Properties for Sale
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Hospitality Properties For Sale in Scottsdale
Scottsdale, Arizona, known for its location within the Phoenix metropolitan area, showcases opportunities for CRE investments, especially in the hospitality industry. With a population of about 240,000, Scottsdale's infrastructure, including its proximity to Sky Harbor International and Scottsdale Municipal airports, and the Loop 101 freeway, offers easy access for tourists and business visitors. The presence of the Scottsdale Unified School District and Scottsdale Community College, along with the city's geography featuring the McDowell Mountains and the Tonto National Forest, adds to its attractiveness for hospitality properties. Scottsdale's economy, driven by tourism, retail, and healthcare, along with the city's focus on a high quality of life, positions hospitality properties as a suitable investment in this diverse and expanding market.
In Scottsdale, hospitality properties are appealing not only because of the natural beauty, with the McDowell Mountains and Tonto National Forest close by, but also the active tourism sector. With 2 listings available, investors have several options that can meet their needs. Scottsdale's real estate market also presents opportunities in restaurants, apartment buildings, and shopping centers, catering to the city's wealthy residents and visitors. Restaurants offer varied dining options, apartment buildings respond to the area's growth, and shopping centers take advantage of the retail industry's success. These property types contribute to a strong and dynamic real estate market in Scottsdale. For property owners interested in a "like-kind" property for a 1031 exchange, Scottsdale offers suitable hospitality properties. This reflects the city's role as a diverse hub for real estate investment.
Learn About Hospitality Properties For Sale in Scottsdale
What factors should I consider when searching for hospitality properties for sale in Scottsdale?
Searching for hospitality properties for sale in Scottsdale requires careful consideration of several key factors to ensure the right fit and potential for success.
- Examine Scottsdale's economic landscape, including its strong reliance on tourism and the presence of major shopping areas and events that attract visitors.
- Consider the proximity to key infrastructure like Scottsdale Municipal Airport and major freeways like Loop 101, which enhance accessibility for guests.
- Analyze the local market and competition, noting that Scottsdale boasts an active nightlife and over 125 professional art galleries, which could impact the success of the hospitality property.
How much does it cost to buy a hospitality property in Scottsdale?
The cost to buy a hospitality property in Scottsdale varies, the average price per square foot for hospitality properties is $180, with an average size of 24,791 SF.
What is the largest hospitality property available to buy in Scottsdale?
The largest hospitality property available for sale in Scottsdale spans 25,581 SF.
Why is Scottsdale an ideal location for hospitality properties for sale?
Scottsdale's economy, supported by a strong tourism sector, extensive infrastructure including major airports and public transportation, a high concentration of shopping areas and attractions, and a population of over 240,000, makes it an ideal location for hospitality properties.
Size Summary For Scottsdale Hospitality Properties
| Hospitality Property Size | Square Feet |
|---|---|
| Maximum | 25,581 SF |
| Average | 24,791 SF |
| Minimum | 24,000 SF |
Prices for Scottsdale Hospitality Properties
| Hospitality Property Price | Price Per SF |
|---|---|
| Maximum | $215 Per SF |
| Average | $180 Per SF |
| Minimum | $146 Per SF |
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