Old Town Scottsdale Retail
7050 E Main St Scottsdale, AZ
For Sale
Contact for pricing
Retail property in Scottsdale's Art District, redevelopment potential.
Property Size9,418 SF
Lot Size0.45 Acres
Price / SF$711.40
Days on Market451
Property Features for 7050 E Main St
General Information
- Standard status
- Active
- Size
- 9,418 SF
- Lot size
- 0.45 Acres
- Property subtype
- OFFICE
Listing Agency:
Cutler Commercial
(480) 529-6400
Listed By:
James M Lieberthal
(480) 529-6400
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:24AM
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 Cutler Commercial
Investment Insights
Based on property information with market context.
This retail property is located in the heart of Old Town Scottsdale's Art District, offering a rare retail opportunity. The property is currently 100% leased, with approximately 71% becoming available to a user in approximately 18 months. The location is on the corner of N. Marshall and E. Main Street. The property offers potential for an owner/user or future redevelopment. There are extensive retail and multi-family redevelopments in the immediate area. The property has a size of 9418 square feet.
Key Highlights
- Premier location in the heart of Old Town Scottsdale's Art District.
- Potential for owner/user or future redevelopment.
- ±71% of the property available to user in ±18 months.
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 | $316.4k | $33.60 |
| − Vacancy | −$7.3k | −$0.77 |
| EGI | $309.2k | $32.83 |
| − OpEx | −$92.7k | −$9.85 |
| NOI | $216.4k | $22.98 |
9,418 SF · lease $33.60/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.09M
$2.71M – $3.61M
NOI $216,417 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail property in Scottsdale's Art District, redevelopment potential.
Where is this retail space located?
The property is located at 7050 E Main St Scottsdale, AZ.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: Premier location in the heart of Old Town Scottsdale's Art District.; Potential for owner/user or future redevelopment.; **±71% of the property available to user in ±18 months.**
