• $2,650,000

7140 E 1ST Avenue, Scottsdale, AZ 85251

Sqft2546
Listing Courtesy of Compass

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

Details

Status:Active
Type:Comm/Industry Sale
Built Year:1915
Property ID:6889758

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