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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

Overview

Property Status
Sold
Lot Size
6,401 Sq.Ft.
MLS ID
6889758
Property Type
Commercial
Year Built
1915

Features & Amenities

Neighborhood
Desert Highlands
Water Source
City Franchise
Roof
Foam
Parking
Parking Lot, Other
Heat Type
Electric, Natural Gas
Air Conditioning
Central Air, Window/Wall Unit
Appliances
Refrigerator, Dishwasher
Sewer
Public Sewer
Security Features
Alarm System
Sales Price
$2,100,000
Real Estate Tax
$6,230/yr
Zoning
C2

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7140 E 1ST Avenue

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7140 E 1ST Avenue
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Desert Highlands

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The community has been recognized by Platinum Clubs of America as being among the top three percent in the country. It has often been said that life imitates art. At Desert Highlands, there is no imitation. But it is the art with which Desert Highlands combines these two features that makes it so unique. It is that very special art of human alchemy called community. At Desert Highlands, all owners are members and all members are owners. As a result, our club also is a community of 563 families that live together, play together, and make lifelong friendships. Here, people find the best in each other by looking for the best in themselves and their lives. All in the shadow of a natural wonder called Pinnacle Peak.

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7140 E 1ST Avenue

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