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Old Town Retail or Redevelopment Opportunity 7140 E 1st Ave 2,556 SF Vacant Retail Building Scottsdale, AZ 85251 $2,350,000 ($919.41/SF)
Investment Highlights
- Excellent street frontage and signage potential
- Dedicated and adjacent public parking
- Existing income with significant value-add or redevelopment upside
Executive Summary
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
- Boutique Restaurant
- Owner/User
- Retail/Medical/WELLNESS Concepts
- Live/Work or Residential Loft Product
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
- Boutique Restaurant
- Owner/User
- Retail/Medical/WELLNESS Concepts
- Live/Work or Residential Loft Product
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,556 SF
Year Built/Renovated
1915/1985
Price
$2,350,000
Price Per SF
$919.41
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.40
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C-2 DO - Scottsdale C-2 Zoning District (Central Business)
Parking
12 Spaces (4.69 Spaces per 1,000 SF Leased)
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 130-12-021 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $89,294 |
Property Taxes
Parcel Number
130-12-021
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$89,294
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Old Town Retail or Redevelopment Opportunity | 7140 E 1st Ave
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