$2,875,000

7140 E 1ST Avenue, Scottsdale, AZ 85251

Listing Courtesy of Compass

Description

Rare Mixed-Use Asset in Old Town Scottsdale
Property Type: Mixed-Use | 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 rare C-2 DO-zoned parcel offers high visibility, consistent foot traffic, and direct adjacency to a public parking lot. The site includes a 1BR/1.5BA residence with an attached therapy/treatment space and a separately metered retail building, approximately 600 SF, previously leased to a yoga studio. Development Status:

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 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

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

Contact listing agent for detailed site plans, rent roll, and DRB submission materials.