Listed by LevRose Commercial Real Estate
Unpriced
7017-7041 E. Indian School Road
Details
APN 130-12-031-B, 130-12-032-B, 130-12-033-B, 130-12-045, 130-12-046B, 130-12-047A
Property Type Land
Sub Type Multifamily
Acreage 0.810
Zoning D/DMU-2 PBD DO, D/DC-1 PBD DO
Land | 0.81 acres
Marketing description
The Artisan Scottsdale represents a rare opportunity to acquire a fully entitled, shovel-ready mixed-use development site in the heart of Old Town Scottsdale’s coveted Arts District. Prominently situated on approximately ±0.81 acres at the signalized Southwest corner of Indian School Road and Marshall Way, the property benefits from exceptional visibility and direct access to one of Arizona’s premier cultural and lifestyle destinations. The development plan calls for 81 luxury residential units across two desert-contemporary buildings at 4 and 5 stories, along with approximately 5,000 square feet of ground-floor commercial space.
The two separate land parcels are divided by a public alleyway and are being offered both individually or together, allowing buyers to tailor the acquisition to their specific objectives. Beyond the current multifamily plan, alternative development strategies could potentially include condominium product, or through a C-2 zoning reversion retail or restaurant uses, all subject to City of Scottsdale approvals.
As one of the last remaining undeveloped sites in Old Town Scottsdale, defined by world-class dining, boutique shopping, and iconic destinations including Scottsdale Fashion Square and the Scottsdale Waterfront, this is an extremely rare trophy development opportunity with flexibility and upside.
Investment highlights
- Call for Pricing & Details
- Sites Can be Sold Separately
- Fully Entitled for 81 Multifamily Units
- Alternative Development Opportunities - Condo, Restaurant or Retail - All Subject to City Approval
- Approved 81 dwelling units across two buildings (4 and 5 stories)
- 5,000 SF retail space within the south building
- Prominent visibility fronting Indian School Road
- 3-level below-grade parking structure beneath both buildings
- Designated Opportunity Zone with long-term capital gains tax benefit
- Zoning Flexibility — The site was formerly zoned C-2, presenting a potential path for retail or restaurant development via zoning reversion with the City of Scottsdale.
- Condominium Conversion Potential — The multifamily development may offer an opportunity for conversion to residential condominiums, subject to consultation with zoning counsel and the City of Scottsdale
- Multiple Exit Strategies — Alternative use cases provide buyers with added flexibility and potential upside beyond the current multifamily plan.
- One of Metro Phoenix’s only true live-work-play neighborhoods with world class dining, shopping, and nightlife steps from your door
- Adjacent to Paradise Valley and Arcadia, two of the most sought-after
- One of the last remaining undeveloped sites in Old Town Scottsdale
- Old Town commands top-of-market rents & sale prices with historically strong occupancy
- North Site:
- Number of Units: 51
- Square Footage: ±50,706 SF
- Building Height: 64’7”
- South Site:
- Number of Units: 30
- Square Footage: ±33,559 SF
- Building Height: 48’
Listing Contacts
Listed by LevRose Commercial Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Address
Is there information that looks off?
