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4142 N Marshall Way 8,907 SF 100% Leased Retail Building Scottsdale, AZ 85251 $8,024,880 CAD ($900.96 CAD/SF)
Investment Highlights
- 100% Leased to Three Established Tenants: Wilde Meyer Gallery, Kit Salon, and Carlson Creek Winery
- Below-Market In-Place Rents Provide a Clear Near-Term Opportunity to Push Rents to Market
- Prominent Building Signage Fronting One of Old Town Scottsdale’s Most Iconic Streets
- Premier Location in the Heart of Old Town Scottsdale’s Renowned Arts District
- Short-Term Leases Provide Future Flexibility for Owner/User Occupancy or Strategic Re-Tenanting
- Strong year-round tourism and foot traffic
Executive Summary
LevRose Real Estate is pleased to present the exclusive opportunity to acquire 4142 N. Marshall Way, an 8,907-square-foot, three-tenant retail property located in the heart of Old Town Scottsdale. Situated along Marshall Way within Scottsdale’s renowned Arts District, the Property is 100% leased to three established tenants that complement the character and energy of the surrounding area. With in-place rents significantly below current Old Town market rates and a short weighted average lease term, an incoming investor is well positioned to push rents to market in the near term, while the upcoming lease expirations also provide flexibility for an owner-user to occupy all or a portion of the Property as space becomes available.
Old Town Scottsdale is the cultural, culinary, and entertainment epicenter of the Phoenix metropolitan area, drawing millions of visitors annually and consistently commanding some of the highest retail rents and lowest vacancy in the Valley. The area is home to Scottsdale Fashion Square, the Scottsdale Waterfront, and the historic Fifth Avenue and Main Street shopping corridors, along with a dense concentration of art galleries, world class restaurants, luxury boutiques, nightlife venues, and boutique hotels.
4142 N. Marshall Way represents a rare opportunity to acquire a fully leased retail asset on one of Old Town Scottsdale’s most iconic streets, offering near-term flexibility and a clear path to value creation through lease rollover, rent resets to market, or future owner occupancy.
Old Town Scottsdale is the cultural, culinary, and entertainment epicenter of the Phoenix metropolitan area, drawing millions of visitors annually and consistently commanding some of the highest retail rents and lowest vacancy in the Valley. The area is home to Scottsdale Fashion Square, the Scottsdale Waterfront, and the historic Fifth Avenue and Main Street shopping corridors, along with a dense concentration of art galleries, world class restaurants, luxury boutiques, nightlife venues, and boutique hotels.
4142 N. Marshall Way represents a rare opportunity to acquire a fully leased retail asset on one of Old Town Scottsdale’s most iconic streets, offering near-term flexibility and a clear path to value creation through lease rollover, rent resets to market, or future owner occupancy.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,907 SF
Building Class
C
Year Built
1964
Price
$8,024,880 CAD
Price Per SF
$900.96 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
D/RS-1 - Commercial, C-2
Parking
13 Spaces (1.05 Spaces per 1,000 SF Leased)
Frontage
54’ on N Marshall Way
Amenities
- Signage
- Storage Space
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 173-50-089 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $244,097 CAD |
Property Taxes
Parcel Number
173-50-089
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$244,097 CAD
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4142 N Marshall Way
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