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Scottsdale Retail Space for Sale
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Retail Space For Sale in Scottsdale
Scottsdale, Arizona, is a prime area for CRE investments, with a focus on retail space. The city has a strong infrastructure, featuring the Scottsdale Municipal Airport and access to Loop 101, which fosters a vibrant retail sector. Its education system, including Scottsdale Community College, provides a well-educated workforce, contributing to Scottsdale's economic stability. The city's location, near the McDowell Mountains and the Tonto National Forest, creates an attractive environment that draws tourists and residents. With a population over 240,000, Scottsdale offers retail investment opportunities in a city with solid economic backing and a high quality of life.
Retail spaces in Scottsdale are advantageously located within the Phoenix metropolitan area, close to wealthy neighborhoods and main shopping centers like Scottsdale Fashion Square and Kierland Commons. These retail areas see significant foot traffic, fueled by a strong tourism industry and a local population with significant buying power. Beyond retail spaces, Scottsdale houses various property types. Its shopping centers host national and international brands, attracting customers from the wider region. The city’s restaurants benefit from Scottsdale's diverse food scene and reputation as a dining hub. Office space is sought after due to the city's economic health and professional workforce. Hotels in Scottsdale serve an increasing number of tourists, leveraging the city's premier status as a tourism and event location. Among these, retail spaces are highlighted for their excellent locations and potential for high returns, making Scottsdale an attractive place for commercial investments. If you're already a property owner and looking for a "like-kind" property for a 1031 exchange, Scottsdale has various properties that could meet your needs.
Learn About Retail Space For Sale in Scottsdale
How many retail space listings are available for sale in Scottsdale, AZ?
There are currently 32 retail space listings available for sale in Scottsdale, AZ.
What factors should I consider when searching for retail space for sale in Scottsdale?
When looking for retail space for sale in Scottsdale, it's important to assess several critical factors to ensure the property aligns with your business objectives.
- Consider the economic landscape of Scottsdale, which is bolstered by a strong tourism sector and a vibrant retail environment, ensuring high foot traffic and consumer spending.
- Look into the proximity to key infrastructure such as Scottsdale Municipal Airport for supply chain needs and major roads like State Route 101 for customer accessibility.
How much does it cost to buy a retail space in Scottsdale, AZ?
The cost to purchase retail space in Scottsdale varies widely, reflecting the diverse market and property sizes available. The average price per square foot for retail space is $653, with an average size of 15,257 SF.
What is the largest retail space available to buy in Scottsdale?
The largest retail space available for sale in Scottsdale spans 85,839 SF.
Size Summary For Scottsdale Retail Space
| Retail Space Size | Square Feet |
|---|---|
| Maximum | 85,839 SF |
| Average | 15,257 SF |
| Minimum | 734 SF |
Cap Rate for Scottsdale Retail Space
What is a cap rate in commercial real estate?
| Retail Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 8.14% |
| Average | 6.61% |
| Minimum | 5% |
Prices for Scottsdale Retail Space
| Retail Space Price | Price Per SF |
|---|---|
| Maximum | $2,493 Per SF |
| Average | $653 Per SF |
| Minimum | $181 Per SF |
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