7140 E 1ST Avenue, Scottsdale, AZ 85251 (MLS# 6889758)

7140 E 1ST Avenue, Scottsdale, AZ 85251

$2,100,000

Property Type: Comm/Industry Sale Square Footage: 2,546 Lot Size (sq. ft.): 6,401 Status: Closed

Current Price: $2,100,000 List Date: 7/08/2025 Last Modified: 6/17/2026

Overview

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.

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 st ... (Read more)

Listing Details MLS# 6889758

Location, Tax & Legal

House Number: 7140
Compass: E
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 4306
Country: US
County Code: Maricopa
Subdivision: Old Town Scottsdale
Assessor Number: 130-12-021
Tax Year: 2024
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

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 2546
# of Buildings: 2
Year Built: 1915
Uncvrd Parking Spcs: 12
Zoning: C2

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.

Status Change Info

Off Market Date: 2026-04-17
Under Contract Date: 2026-04-17
Close of Escrow Date: 2026-06-17

Legal Info

Township: 2N
Range: 4E
Section: 27
Lot Number: 20

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Sold Info

Loan Type: Cash
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Currently Not Used

Sold Price Per SqFt: 923.02

Construction

Block: Yes

Roofing

Foam: Yes

Floors

Wood: Yes

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: Yes
Office: Yes
Other (See Remarks): Yes

Business Type

Retail: Yes
Other: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 2350000
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Central Air: Yes
Window/Wall Unit: Yes

Interior Features

Finished: Yes
Alarm System: Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Appliances Included

Dishwasher: Yes
Refrigerator: Yes

Road Surface Type

Asphalt: Yes

Exterior

Building Sign: Yes
Sidewalk(s): Yes

Source of Fincl Data

Owner: Yes

Fencing

Block: Yes
Wood: Yes
Other: Yes

Water Source

City Franchise: Yes

Building Features

Conference Room: Yes
Exercise Room: Yes
Reception Room: Yes
Showroom: Yes
Kitchen: Yes
Showers - Office: Yes
Display Window(s): Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes
Other: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Private: Yes
Other (See Rmks): Yes

Use Restrictions

Deed Restrictions: Yes
Other (See Remarks): Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
Appraisal: Yes
Development Plan Avl: Yes
Other (See Remarks): Yes

Environmental

None: Yes

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; Window/Wall Unit 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) Appliances Included: Dishwasher; Refrigerator Parking Features: Parking Lot; Other Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Private; Other (See Rmks) Road Surface Type: Asphalt Use Restrictions: Deed Restrictions; Other (See Remarks) Environmental: None

Listing Office: Compass

Last Updated: June - 17 - 2026