• NWC Shea Blvd & Saguaro Blvd, Fountain Hills, AZ 85268

For Sale

Land

For Sale

This property is available for sale
5.74
Acres
$2,000,496
Sale Price
  • Overview

    The Hemingway at Fountain Hills consists of ±5.74 acres (±250,062 square feet), with zoning approved for a senior assisted and independent living facility. The site is located at the northwest corner of Shea Boulevard and Saguaro Boulevard in Fountain Hills, Arizona. 


    This planned senior housing land site is zoned and entitled for seven buildings of assisted living at 16 units per building, two buildings of independent living with 11 units per building, and one clubhouse. Each building includes offices, laundry, beauty parlor, medicine storage, living room, library, dining area, warming kitchen and patio area.


    Asking price is $2,000,496 ($8.00 PSF). Price includes all working construction drawings, design plans and entitlements.

    Zoning C-1. Zoned approved for 134-bed assisted living, memory care and independent living
    Entitlements: 134 senior housing units on 5.74 acres with 90 parking spaces
    Sizes: Buildings: AL - 10,679 SF; IL - 11,169 SF
    Assisted units: 343 SF to 414 SF (interior units)
    Independent units: 548 SF to 909 SF (interior units)
    Clubhouse: 4,620 SF (commercial kitchen, dining area)
    Construction plans complete, ready to submit for city permit
    14,500 population in all age categories 50 years and older and $101,000 incomes, both within a five-mile radius
    Scottsdale Mayo Hospital is five miles away and Scottsdale Memorial Hospital is 9 miles away
    Shea corridor zoned for senior housing use is extremely rare; currently none exists

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Property Details

Land Zoning Approved for Senior Assisted and Independent Living

The Hemingway at Fountain Hills consists of ±5.74 acres (±250,062 square feet), with zoning approved for a senior assisted and independent living facility. The site is located at the northwest corner of Shea Boulevard and Saguaro Boulevard in Fountain Hills, Arizona. 


This planned senior housing land site is zoned and entitled for seven buildings of assisted living at 16 units per building, two buildings of independent living with 11 units per building, and one clubhouse. Each building includes offices, laundry, beauty parlor, medicine storage, living room, library, dining area, warming kitchen and patio area.


Asking price is $2,000,496 ($8.00 PSF). Price includes all working construction drawings, design plans and entitlements.

Zoning C-1. Zoned approved for 134-bed assisted living, memory care and independent living
Entitlements: 134 senior housing units on 5.74 acres with 90 parking spaces
Sizes: Buildings: AL - 10,679 SF; IL - 11,169 SF
Assisted units: 343 SF to 414 SF (interior units)
Independent units: 548 SF to 909 SF (interior units)
Clubhouse: 4,620 SF (commercial kitchen, dining area)
Construction plans complete, ready to submit for city permit
14,500 population in all age categories 50 years and older and $101,000 incomes, both within a five-mile radius
Scottsdale Mayo Hospital is five miles away and Scottsdale Memorial Hospital is 9 miles away
Shea corridor zoned for senior housing use is extremely rare; currently none exists

  • Property Type
    Land
  • Submarket
  • Sale Price
    $2,000,496
  • Total Acres
    5.74
  • Zoning
    C-1
  • Property ID
    1868313

Landlord's Sales Representative

  • Tim Dulany
    Colliers | Phoenix