$2,350,000
Scottsdale, AZ 85251
MLS# 6889758
1 / 38
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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,350,000
List Price: $2,350,000
Status: Active
List Date: 2025-07-08
Location, Tax & Legal
Assessor's Map #: 12
Legal Description (Abbrev): W SCOTTSDALE
Assessor's Parcel #: 21
Add'l Parcels: No
Tax Municipality: Scottsdale
Census Tract: 217201
Taxes: 6230
Legal: WEST SCOTTSDALE
House Number: 7140
Compass: E
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 4306
County Code: Maricopa
Subdivision: WEST SCOTTSDALE
Assessor Number: 130-12-021
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 2546
# of Buildings: 2
Uncvrd Parking Spcs: 12
Year Built: 1915
Zoning: C2
Currently Not Used
Sold Price Per SqFt: 923.02
Legal Info
Range: 4E
Section: 27
Township: 2N
Lot Number: 20
Construction
Block: 1
Roofing
Foam: 1
Floors
Wood: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6230
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Office: 1
Other (See Remarks): 1
Business Type
Retail: 1
Other: 1
Pmt & Rate Info
Down Payment: 0
Equity: 2875000
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Alarm System: 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Wood: 1
Other: 1
Water Source
City Franchise: 1
Building Features
Conference Room: 1
Exercise Room: 1
Reception Room: 1
Showroom: 1
Kitchen: 1
Showers - Office: 1
Display Window(s): 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Other: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Private: 1
Use Restrictions
Deed Restrictions: 1
Other (See Remarks): 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Appraisal: 1
Development Plan Avl: 1
Other (See Remarks): 1
Environmental
None: 1
Remarks Misc
Cross Street: Scottsdale & Indian School
Directions: From Indian School, South on Scottsdale Road,
West on First Avenue. Property is on the North side of First Avenue.
Geo Lat: 33.49428
Geo Lon: -111.926964
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Business Type: Retail; Other
Construction: Block
Roofing: Foam
Floors: Wood
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Alarm System; Private Restrooms
Exterior: Building Sign; Sidewalk(s)
Fencing: Block; Wood; Other
Building Features: Conference Room; Exercise Room; Reception Room; Showroom; Kitchen; Showers - Office; Display Window(s)
Parking Features: Parking Lot; Other
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Private
Road Surface Type: Asphalt
Use Restrictions: Deed Restrictions; Other (See Remarks)
Environmental: None
Supplements
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
Listing Office: Compass
Last Updated: January - 20 - 2026
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