Properties

Scottsdale, AZ 85251 7140 E 1ST Avenue

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Presented By: Compass; 480-776-1555
  • MLS# 6889758
  • 07/08/2025
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  • SQFT • 2,546

Home Details

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: ยฑ10,000 SF Commercial / ยฑ8,000 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
Presented By: Compass; 480-776-1555

Interior Features for 7140 E 1ST Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringWood
Heating Y/NYes

General for 7140 E 1ST Avenue

Attached Garage No
Building FeaturesConference Room, Exercise Room, Reception Room, Showroom, Kitchen, Showers - Office, Display Window(s)
Business TypeOther, Retail
Carport Y/NNo
CityScottsdale
Construction MaterialsBlock
CoolingCentral Air, Window/Wall Unit
CountyMaricopa
DirectionsFrom Indian School, South on Scottsdale Road, West on First Avenue. Property is on the North side of First Avenue.
DisclosuresOther (See Remarks), Seller Prop Disc Stm, Appraisal, Development Plan Avl
ElectricAPS
Electric Expense0.0
Fuel Expense0.0
Gross Income0.0
HeatingElectric, Natural Gas
Insurance Expense0.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6401.0
Lot Size UnitsSquare Feet
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Occupancy TypeOwner
Open Parking Spaces12.0
Operating Expense6230.0
OwnershipFee Simple
OwnershipFee Simple
Property TypeComm/Industry Sale
Rent Control Y/NNo
RoofFoam
Security FeaturesAlarm System
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Structure TypeOther (See Remarks), Commercial, Office
Subdivision NameOld Town Scottsdale
Tax Annual Amount6230.0
Tax Lot20
Tax Year2024
Township2N
Trash Expense0.0
Water Sewer Expense0.0
Year Built1915
ZoningC2

Exterior for 7140 E 1ST Avenue

Covered Spaces0.0
Crops Included Y/NNo
FencingOther, Block, Wood
Irrigation Water Rights Y/NNo
Lot Size Acres0.15
Lot Size Area6401.0
Number of Buildings2
Parking FeaturesParking Lot, Other
Road Surface TypeAsphalt
SpaNo
Total Parking12.0
Water SourceCity Franchise

Additional Details

Price History

Connect Realty

Price $2,350,000
MLS#6889758
List Date 07/08/2025
Property Type Commercial
Phone 888.795.6274
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