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    Scottsdale Freestanding Building with Parking Title is generated by Realmo AI

    7001 E McDowell Rd, Scottsdale, AZ

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    Rare Scottsdale building with parking, showroom, and expansion potential.

    Type:RETAIL
    Property size:
    14,145 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $282/SF
    Added:
    May 22, 2025
    Days on Market:
    385
    Last Refresh:
    May 20 at 8:54 pm

    Property Features for 7001 E McDowell Rd

    General Information

    Standard status
    Active
    Size
    14,145 SF
    Lot size
    0.52 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Judi Butterworth
    Judi Butterworth

    Listing agent Judi Butterworth

    Listing office ORION Investment Real Estate

    Listing date May 22, 2025

    Source Moodyscre

    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 ORION Investment Real Estate

    HighLights

    • Rare free‑standing building in Scottsdale with excellent condition.
    • Expandable 14,145 square‑foot showroom (expandable by 5,808 square feet).
    • Traffic light access allows for full movement.
    • Zoned C‑3, allowing for vertical expansion (potential for a third story).
    • Ramp access to second‑floor parking.
    • Large patio spanning the frontage.

    Overview

    This freestanding building in Scottsdale, Arizona, features a ramp providing access to parking on the second floor. A traffic light at the building allows for full movement. A large patio spans the frontage along McDowell. Originally constructed as a car dealership, the building now features a 14,145 square-foot showroom, which is expandable by an additional 5,808 square feet. The expandable area on the first level also has space to accommodate several parked cars. The building is well-maintained and in excellent condition. It is located adjacent to the historic Papago Inn, which has recently been redeveloped to include new rooms and a restaurant. Zoned C-3, the property offers the potential for vertical expansion with the possibility of adding a third story. It also allows for significant tenant signage.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $475.3k $33.60
    − Vacancy −$10.9k −$0.77
    EGI $464.3k $32.83
    − OpEx −$139.3k −$9.85
    NOI $325.0k $22.98
    14,145 SF · lease $33.60/SF/yr · vacancy 2.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.64M
    $4.06M – $5.42M (±1% cap)
    NOI $325,039 @ 7.0% cap · market cap 8.13%
    Second Best
    Industrial
    $2.80M
    $2.45M – $3.26M (±1% cap)
    NOI $195,705 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paddy O' Furniture Furniture & Home Goods

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    • Dollar Car Rental - Dsh Scottsdale DLE — 1125 N Scottsdale Rd, Scottsdale, AZ 85257
    • Enterprise Truck Rental — 1723 N Scottsdale Rd, Scottsdale, AZ 85257
    • Hertz Car Rental - Scottsdale - Motor Mile HLE — 1125 N Scottsdale Rd, Scottsdale, AZ 85257
    • RENT DREAM CAR — 811 N Scottsdale Rd, Scottsdale, AZ 85257

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.91
    Latitude
    33.505

    FAQs

    What type of property is this?
    Parking lot & garage - Rare Scottsdale building with parking, showroom, and expansion potential.
    Where is this parking lot & garage located?
    The property is located at 7001 E McDowell Rd Scottsdale, AZ.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Rare free‑standing building in Scottsdale with excellent condition.; Expandable 14,145 square‑foot showroom (expandable by 5,808 square feet).; Traffic light access allows for full movement.
    (602) 315-2541 Call to check price and availability
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