Property summary
This exceptional redevelopment opportunity in Old Town Scottsdale, Arizona, presents a fully entitled project on a 21,563 square foot lot (APN 173-50-021A). The project, located at 4151 N Craftsman Ct, 85251, is approved for six high-end condominiums ranging from 2,400 to 2,550 square feet each, and 3,190 square feet of ground-floor retail space. Its strategic position across the street from the upscale "The Kimsey" mixed-use development provides unparalleled access to Scottsdale's vibrant amenities, including renowned dining, shopping, entertainment, and cultural attractions. The property benefits from excellent access to major transportation routes, ensuring convenient connectivity throughout the city. This prime investment opportunity is situated within Scottsdale's thriving real estate market, offering developers a compelling chance to capitalize on the high demand for premium properties in this desirable location. The project's approved plans and prime location make this a truly exceptional opportunity for discerning investors seeking a high-return development project in the heart of Old Town Scottsdale. Maricopa County location adds to the appeal.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R) • None required when abutting an alley • Minimum 15-foot wide landscape buffer abutting a Residential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Scottsdale, AZR) • None required when abutting an alley • Minimum 15-foot wide landscape buffer abutting a Residential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R) • None required when abutting an alley • Minimum 15-foot wide landscape buffer abutting a Residential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Scottsdale, AZ.
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