$2,100,000
$2,350,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
7140 E 1ST Avenue Scottsdale, AZ 85251
6,401 Sqft Lot
Key Details
Sold Price $2,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Old Town Scottsdale
MLS Listing ID 6889758
Sold Date 06/17/26
Year Built 1915
Annual Tax Amount $6,230
Tax Year 2024
Lot Size 6,401 Sqft
Acres 0.15
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Rare Mixed-Use Opportunity in Old Town Scottsdale.
Property Type: Commercial | Zoning: C-2 DO
Lot Size: .15 ac | Existing Improvements: 2,556
Proposed Redevelopment: ±10,000 SF Commercial / ±8,000 SF Residential
Occupancy: Previously Leased (Yoga Studio Tenant in Detached Building at $2,700/month.
Overview:
Prime redevelopment or owner-user opportunity located just off Scottsdale Rd and 1st Ave in the heart of Old Town Scottsdale. This C-2 DO-zoned parcel offers high visibility, consistent foot traffic, and direct adjacency to a public parking lot. The site includes a 1 Bed / 1.5 Bath residence with an attached therapy / treatment space and a separately metered retail building, approximately 600 SF, previously leased to a yoga studio. Development Status:
Previously submitted to City of Scottsdale Development Review Board for a new mixed-use project totaling approx. 18,000 SF (10K SF commercial + 8K SF residential). Conceptual site plans and C.O.S. Review documents available upon request.
Highlights:
- Irreplaceable Old Town location with strong pedestrian traffic
- Excellent street frontage and signage potential
- Dedicated and adjacent public parking
- Existing income with significant value-add or redevelopment upside
- C-2 DO overlay enhances flexibility for higher density and mixed-use options.
Ideal For:
- Boutique Developer
- Owner/User
- Retail/Medical/WELLNESS Concepts
- Live/Work or Residential Loft Product
Location
State AZ
County Maricopa
Community Old Town Scottsdale
Area Maricopa
Zoning C2
Direction From Indian School, South on Scottsdale Road, West on First Avenue. Property is on the North side of First Avenue.
Interior
Heating Electric, Natural Gas
Cooling Central Air, Window/Wall Unit
Flooring Wood
Appliance Refrigerator, Dishwasher
Exterior
Parking Features Parking Lot, Other
Fence Other, Block, Wood
Roof Type Foam
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 130-12-021
Disclosures Other (See Remarks), Seller Prop Disc Stm, Appraisal, Development Plan Avl
Financing Cash
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Bought with SERHANT.