Commercial Land with Ground
6848 E Camelback Rd, Scottsdale, AZ 85251
For Sale
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R-5 zoning with a Downtown Overlay provides an as-of-right multifamily path.
Property SizeContact for details
Days on Market18
Property Features for 6848 E Camelback Rd
General Information
Standard status
Property subtype
Listing Agency:
Newmark - Phoenix
Listed By:
Chris Marchildon · License #AZ SA633658000
(602) 686-1879
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 6:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Phoenix
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Investment Insights
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The 2.17-acre improved site at 6848 E Camelback Rd is subject to a ground lease through July 31, 2031, with no further renewal options. The property has operated as a hotel since 1967. Its R-5 base zoning and Downtown Overlay allow an as-of-right multifamily path; legislative rezoning options are also identified for retail, office, hospitality, senior housing and higher-density uses.
The site fronts Camelback Road in Scottsdale, adjacent to Scottsdale Fashion Square, a 2.1 million-square-foot regional mall. Arcadia, Paradise Valley, Biltmore and Scottsdale are described as minutes away.
The site fronts Camelback Road in Scottsdale, adjacent to Scottsdale Fashion Square, a 2.1 million-square-foot regional mall. Arcadia, Paradise Valley, Biltmore and Scottsdale are described as minutes away.
Key Highlights
- 2.17‑acre improved infill site
- Ground lease runs through July 31, 2031, with no further renewal options
- R‑5 base zoning with the Downtown Overlay
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Current Use
Location Intelligence
Trade Area within ½ mile
4,431
Businesses Nearby
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Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Commercial land - R-5 zoning with a Downtown Overlay provides an as-of-right multifamily path.
Where is this commercial land located?
The property is located at 6848 E Camelback Rd Scottsdale, AZ.
What are key features of this property?
This property features: 2.17‑acre improved infill site; Ground lease runs through July 31, 2031, with no further renewal options; R‑5 base zoning with the Downtown Overlay
