7140 E 1st Avenue, Scottsdale, AZ 85251
- $2,100,000
- 2,546
- SqFt
- Sold Price
- $2,100,000
- List Price
- $2,350,000
- Closing Date
- Jun 17, 2026
- Days on Market
- 283
- Status
- CLOSED
- MLS#
- 6889758
- City
- Scottsdale
- Living SQFT
- 2,546
- Lot Size
- 6,401
- Subdivision
- Old Town Scottsdale
- Year Built
- 1915
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
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Additional Information
- Acres
- 0.15
- Construction
- Block
- Cooling
- Window/Wall Unit
- Electric
- APS
- Fencing
- Block, Other, Wood
- Heating
- Electric, Natural Gas
- Living Area
- 2,546
- Lot Size
- 6,401
- Parking Features
- Other, Parking Lot
- Roofing
- Foam
- Subdivision
- Old Town Scottsdale
- Taxes
- $6,230
- Tax Year
- 2024
- Water
- City Franchise
- Zoning
- C2
Courtesy of Compass. 480-776-1555 Selling Office: SERHANT..
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