7140 E 1st Ave - Retail FOR SALE


Scottsdale, AZ 85251- Old Town
$2,875,000 USD
480-822-8898
7140 E 1st Ave, Scottsdale, AZ for Sale
$2,875,000 USD
Retail - FOR SALE
1/23
null | Request Cap Rate

NEW


7140 E 1st Ave
Scottsdale, AZ 85251
Old Town


HIGHLIGHTS

  • Excellent street frontage and signage potential
  • Existing income with significant value-add or redevelopment upside
  • Dedicated and adjacent public parking

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$1,125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Old Town Retail or Redevelopment Opportunity

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,403 SF

ZONING

C-2 DO

APN/PARCEL ID

130-12-021

ASK ABOUT THIS PROPERTY

David LarchezCompassMore Info
480-822-8898

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David LarchezCompassMore Info
480-822-8898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.