Commercial > Retail
Active
07/08/2025
List Price
$2,550,000$1,002/ft²
7140 1st Ave
Scottsdale, AZ 85251
- -Bed
- -Bath
- 2,546ft²Living Area
- 6,534ft²Lot Size
- -Pool
- -Car
- 1915Year Built
- 118DOM
- 3Permits
7140 1st Ave, Scottsdale, AZ 85251 is a 2,546 ft² commercial retail property property built in 1915 on a 0.150 acre lot with 3 construction permits. This commercial retail property is currently for sale for $2,550,000, and it was last sold in 2023 for $1,500,000.
MLS Description
The listing agent's description. Original Listing
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
Listing Agents
The listing agent for 7140 1st Ave is Nathan Waite.
NW
Nathan Waite
Compass
Phone: (480) 778-1555
Permits
7140 1st Ave has 3 permit records.
Permit History
3
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$6,230.38From latest Total Assessed Value4.96%Total Assessed Value$125,545=Land+
Assessed Value$0Additions
Assessed Value$0
In 2024, taxes billed for 7140 1st Ave were $6,230.38, which is 4.96% from latest Total Assessed Value of $125,545.
Property History
7140 1st Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 7140 1st Ave
Hazard Risks
Wind209Tornado131Particulates122Lead113Ozone107Air Pollution102Carb Mono101Nat'l Avg100Weather66Hail57Earthquake49Hurricane4
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 7140 1st Ave.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
7140 1st Ave has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
40°F
High
68°F
Summer
Average
Low
73°F
High
103°F
In the winter at 7140 1st Ave, temperatures range from 39.62°F to 67.64°F with an average of 53.63°F. In the summer, the temperature ranges from 72.89°F to 103.2°F with and average of 88.05°F.
School Information
Public/private schools serving 7140 1st Ave
Public Schools
Laguna Elementary School
Grades: EE-5
7.08 mi
B+
Tonalea K - 8 School
Grades: PK-8
2.50 mi
C-
Coronado High School
Grades: 9-12
1.40 mi
D+
Cherokee Elementary School
Grades: EE-5
5.26 mi
A
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 7140 1st Ave have ratings undefined, undefined, undefined, and undefined.
Neighborhood
This property is located in Southern Scottsdale, Scottsdale, AZ 85251.
Seasonal Housing units 85251
55%of housing is for seasonal rent.
Daytime Population for 85251
+67%of people during work hours.
Crime Index for 85251
152
152
The crime index in 85251 is 152, which is 1.5 times higher than national average.
Market Trends
Historical market data near 7140 1st Ave over selected time period.
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