7140 E 1ST Avenue, Scottsdale, AZ 85251
$2,875,000
Property Type:
Residential
Bedrooms:
1
Baths:
2.5
Square Footage:
2,556
Lot Size (sq. ft.):
6,401
Status:
Active
Current Price:
$2,875,000
Last Modified:
7/08/2025
Description
Rare Mixed-Use Opportunity in the Heart of Old Town Scottsdale! This C-2 DO-zoned property offers unbeatable flexibility and visibility just steps from First Avenue and Scottsdale Road. Currently configured as a 1BR/1.5BA residence with an attached holistic therapy office—including a treatment room and compounding space—plus a detached retail building was leased to a successful yoga studio.
Positioned adjacent to a high-traffic public parking lot, the property enjoys excellent foot traffic, dedicated parking, and prime frontage in one of Scottsdale's most vibrant districts.
Submitted to the City of Scottsdale Development Review Board for a new mixed-use project featuring approximately 10,000 SF of commercial space and 8,000 SF of residential. Plans available with purchase—perfect for an
Supplements: investor, developer, or owner/user looking to capitalize on Old Town's thriving energy and walkability.
More Information MLS# 6889491
Contract Information
List Price: $2,875,000
Status: Active
Current Price: $2,875,000
List Date: 2025-07-07
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
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
County Code: Maricopa
Assessor Number: 130-12-021
Subdivision: WEST SCOTTSDALE
Tax Year: 2024
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 1
# Bathrooms: 2.5
Approx SQFT: 2556
Price/SqFt: 1124.8
Guest House SqFt: 560
Horses: N
Builder Name: Unknown
Year Built: 1915
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 6401
Approx Lot Acres: 0.147
Marketing Name: OLD TOWN SCOTTSDALE
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Tonalea Middle School
Jr. High School: Tonalea Middle School
High School: Coronado High School
Remarks Misc
Cross Street: Scottsdale Road and 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
Legal Info
Township: 2N
Range: 4E
Section: 27
Lot Number: 20
Basement
Basement Y/N: N
Parking Spaces
Slab Parking Spaces: 12
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Add'l Property Use: Res/Business Use Ok
Master Bathroom: 3/4 Bath Master Bdrm
Fireplace Features: Fireplace Living Rm
Pool Features: No Pool
Spa: None
Dining Area: Eat-in Kitchen; Breakfast Room
Kitchen Features: Gas Cooktop
Laundry: Other
Construction: Block; Brick
Const - Finish: Brick Veneer
Roofing: Foam
Cooling: See Remarks
Heating: See Remarks
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Fencing: Wrought Iron; Wood; Partial
Property Description: Corner Lot; Alley
Landscaping: Synthetic Grass Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Possession: Close of Escrow
Unit Style: All on One Level
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Compass
Last Updated: July - 08 - 2025
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