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Pending

7140 E 1ST Avenue

7140 E 1ST Avenue, Scottsdale, AZ 85251

$2,350,000

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

2,546 Sq.Ft. LIVING AREA

6,401 Sq.Ft. lot

Nathan Waite

title REALTOR®
PHONE (812) 361-9590
EMAIL [email protected]
DRE # SA677376000

David Larchez

title Broker
PHONE (480) 822-8898
EMAIL [email protected]
DRE # BR631044000

Features & Amenities

Interior

Flooring Wood
APPLIANCES Refrigerator, Dishwasher

Area & Lot

Status Pending
Living Area2,546 Sq.Ft.
Lot Area6,401 Sq.Ft.
MLS® ID6889758
TypeCommercial
YEAR BUILT1915
NeighborhoodScottsdale

Exterior

water SourceCity Franchise
roofFoam
parkingParking Lot, Other
HEAT TYPEElectric, Natural Gas
AIR CONDITIONINGCentral Air, Window/Wall Unit
sewerPublic Sewer
security FeaturesAlarm System

Financial

Sales Price$2,350,000
Real Estate Tax $6,230/yr
Zoning C2

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Scottsdale

33.4949° N, 111.9217° W

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Contact Details

The Estates Office

Phone

(812) 361-9590

[email protected]

Phone

(480) 822-8898

[email protected]

Address

4222 N Marshall Way Scottsdale AZ 85251

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