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    31307 Scottsdale Rd Scottsdale, AZ 85266

    Sponsored
    For Lease
    Contact for pricing

    Former bank, drive-thru, high traffic area.

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,000 square foot retail space, situated on a 1.11-acre lot (APN 216-66-807) in Maricopa County, Arizona, presents a unique investment opportunity. Previously a Chase Bank branch, the property boasts a convenient drive-thru, ideal for various retail uses. Located at 31307 N Scottsdale Rd, Scottsdale, AZ 85266, this single-tenant building benefits from a high-traffic location at the intersection of Scottsdale Road and Lone Mountain Road, experiencing over 34,901 vehicles per day. The signalized intersection ensures excellent visibility and accessibility. The surrounding area is characterized by strong demographics, with average household incomes exceeding $223,841 within a one-mile radius. This affluent area includes several master-planned communities such as Troon North, Boulders, and Terravita, contributing to a stable and growing customer base. The property's location also benefits from high projected annual population growth, promising sustained demand and future appreciation. The entire 3,000 square feet is currently vacant, offering immediate occupancy for a new tenant. This property is an excellent opportunity for businesses seeking a high-visibility location in a thriving Scottsdale community.

    Property Features for 31307 Scottsdale Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF

    Unit(s) available at that property

    Space
    Size
    3,000 SF

    HighLights

    • High‑traffic location at Scottsdale Rd & Lone Mountain Rd, over 34,901 vehicles per day (VPD).
    • Signalized intersection for excellent visibility and accessibility.
    • Strong demographics: Average household income exceeding $223,841 within one mile.
    • Surrounded by affluent master‑planned communities (Troon North, Boulders, Terravita).
    • High projected annual population growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chase Mortgage Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9251879
    Latitude
    33.768135

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    FAQs

    What type of property is this?
    Retail property - Former bank, drive-thru, high traffic area.
    Where is this retail property located?
    The property is located at 31307 Scottsdale Rd Scottsdale, AZ.
    What are key features of this property?
    This property features: High-traffic location at Scottsdale Rd & Lone Mountain Rd, over 34,901 vehicles per day (VPD).; Signalized intersection for excellent visibility and accessibility.; Strong demographics: Average household income exceeding $223,841 within one mile.
    Request Owner's contact information
    31307 Scottsdale Rd Scottsdale, AZ 85266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31307 Scottsdale Rd Scottsdale, AZ 85266
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