Property summary
This exceptional 116,200-square-foot, two-story Class A medical office building presents a unique redevelopment opportunity in Scottsdale, Arizona. Situated on a substantial 7.44-acre lot at 10001 N 92nd St, 85258, this vacant property boasts timeless architecture with a red brick exterior, tinted spandrel glass, and seven second-floor balconies offering stunning McDowell Mountain views. The building, constructed in 1997, features ample parking with a 5.47 spaces per 1,000 square feet ratio, including surface parking and a two-level detached structure. Its prime location directly across from the HonorHealth Shea Medical Center (a 433-bed facility) within a thriving Scottsdale office submarket (nearly 1 million square feet of gross leasing activity in 2023) offers unparalleled potential. The property is currently a "blank slate," having been recently returned to shell condition, allowing for the creation of a state-of-the-art medical or general office space. Fully permitted plans with the City of Scottsdale are included, encompassing common area upgrades, exterior enhancements, restroom improvements, spec suites, an exterior lounge, and a coffee bar. Conveniently located near abundant walkable retail amenities, including a Sprouts Farmers Market, and with easy access to two Loop 101 Freeway interchanges, this property offers exceptional visibility and accessibility. The C-O zoning allows for diverse uses, including general office, veterinary hospital, daycare center, school, health and fitness facilities, and medical labs. The asking price is $14,525,000 ($125 per square foot). APN: 217-36-160A.
Property profile
VerifiedCap rate & NOI
Current use
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Corporate Office
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
dential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-O · Scottsdale, AZdential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (…
Zoning
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Zoning designation
Official district profile
dential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (…
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