Property summary
This exceptional 9,144 square foot single-story office building is located in the heart of central Scottsdale, Arizona, within the Indian Bend Corp. Centre office condominium complex. The property, situated at 8111 E Indian Bend Rd, Scottsdale, AZ 85250 (APN: 174-11-303, 174-11-304, 174-11-305, 174-11-306, 174-11-307, 174-11-308, 174-11-309, 174-11-310, 174-11-311, 174-11-312, 174-11-313, 174-11-314), is zoned PCC and offers a functional layout ideal for a variety of uses. Currently configured as a law firm, the space includes 29 offices, a large conference room, a bullpen area, a kitchen, and in-suite restrooms. Its design allows for owner-occupancy with potential for supplemental income through leasing excess space. The property benefits from its proximity to highly desirable residential areas like Gainey Ranch and McCormick Ranch, and is conveniently located near major Scottsdale entertainment districts including Kierland Commons, Scottsdale Quarter, Scottsdale Pavilions, Scottsdale Fashion Square Mall, and Old Town Scottsdale. Easy access to the 101 Freeway is another key advantage, located less than a mile away. This presents a unique investment opportunity for both owner-users and investors seeking a prime location in a thriving market. The asking price is $3,185,000.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The PCC district is intended to provide a large variety of retail goods and personal and professional services for multiple neighborhoods. Residential uses are encouraged to promote day and night time activity.
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
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PCC · Scottsdale, AZThe PCC district is intended to provide a large variety of retail goods and personal and professional services for multiple neighborhoods. Residential uses are encouraged to promote day and night time activity.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The PCC district is intended to provide a large variety of retail goods and personal and professional services for multiple neighborhoods. Residential uses are encouraged to promote day and night time activity.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCC in Scottsdale, AZ.
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