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Northwest Corner of 1st Avenue & Marshall Way
Scottsdale, AZ 85251
Asking Price
Contact for price
Asset Type
Land
Class
Class B
What's Special
Land | 0.38 acres <ul><li>Call for Pricing & Details</li><li>Sites Can be Sold Separately</li><li>Fully Entitled for 81 Multifamily Units</li><li>Alternative Development Opportunities - Condo, Restaurant or Retail - All Subject to City Approval</li><li>Approved 81 dwelling units across two buildings (4 and 5 stories)</li><li>5,000 SF retail space within the south building</li><li>Prominent visibility fronting Indian School Road</li><li>3-level below-grade parking structure beneath both buildings</li><li>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
