$2,350,000

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. 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