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    6990 Shea Blvd Scottsdale, AZ 85254

    For Lease
    Contact for pricing

    Prime Scottsdale location, multiple spaces available.

    Lot size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 50,000 square foot shopping center, built in 1987, presents a unique investment opportunity in the heart of Scottsdale, Arizona. Located at 6990 E Shea Blvd, 85254, this multi-tenant retail property offers spaces ranging from 1,898 to 2,646 contiguous square feet, with 6,541 square feet currently vacant. The center benefits from a dynamic mix of restaurants, retailers, and business services, catering to a highly affluent demographic and significant tourist population. Its strategic location, minutes from Paradise Valley, Gainey Ranch, and McCormick Ranch, provides exceptional visibility and accessibility. The property is situated approximately half a mile north of Chaparral High School, serving over 2,200 students, and enjoys high traffic volume, with over 85,000 vehicles passing daily at the intersection of Scottsdale Road and Shea Boulevard. Furthermore, the average household income within a three-mile radius exceeds $180,000, indicating strong consumer spending power. This property in Maricopa County offers a compelling combination of location, demographics, and existing infrastructure, making it an ideal investment for discerning buyers.

    Property Features for 6990 Shea Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF

    Building Details

    Year Built
    1987

    Unit(s) available at that property

    Space
    Suite 215
    Size
    2,646 SF

    HighLights

    • Prime Scottsdale location, near Paradise Valley, Gainey Ranch, and McCormick Ranch.
    • Strong mix of restaurants, retail, and services.
    • Affluent customer base with high tourist traffic.
    • Less than a half‑mile from Chaparral High School (2,200+ students).
    • High traffic count (85,000+ VPD) at Scottsdale Rd & Shea Blvd intersection.
    • Average household income exceeding $180,000 within a 3‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Music Masters Musical Instrument Store Etherton Law Group Law Firm PV PT Personal Trainer EGGstasy Breakfast Restaurant Strictly Chiropractic Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Spa & Massage Clothing Store Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.930684
    Latitude
    33.5829724

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Scottsdale location, multiple spaces available.
    Where is this lifestyle center located?
    The property is located at 6990 Shea Blvd Scottsdale, AZ.
    What are key features of this property?
    This property features: Prime Scottsdale location, near Paradise Valley, Gainey Ranch, and McCormick Ranch.; Strong mix of restaurants, retail, and services.; Affluent customer base with high tourist traffic.
    Request Owner's contact information
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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
    6990 Shea Blvd Scottsdale, AZ 85254
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