2916 70Th St Scottsdale, AZ 85251
- Commercial real estate
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2916 70Th St
- Year built
- 1948
- Lot size
- 0.36 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.36-acre property presents a rare development opportunity in the heart of Scottsdale's thriving downtown corridor. Currently operating as a residential rental, this site is uniquely positioned within Scottsdale's active Redevelopment Project. The property boasts three existing structures: a main house featuring three bedrooms and one bathroom, and two additional units, each with one bedroom, one bathroom, a kitchen, and a family room. One unit includes a convenient attached two-car garage. Ample parking is available, accommodating up to fifteen vehicles. The property's zoning designation is S-R (Service Residential), a commercial zoning classification offering significant flexibility for redevelopment. Detailed zoning information and options are available in the attached documents, or interested parties can explore variance applications with the City of Scottsdale. This presents a unique chance to capitalize on the dynamic growth of downtown Scottsdale, creating a high-return investment in a prime location. The existing structures provide immediate income potential while allowing for future development plans. Don't miss this exceptional opportunity to acquire a substantial property in a highly sought-after area. The property is listed at $1,100,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.9309
- Latitude
- 33.48087
