Old Town Scottsdale Three-story mix use industrial style Penthouse & Retail building seeks $2.5M


Three-story mix use industrial style Penthouse & Retail building in Old Town Scottsdale 1

As a millennial this (to me) is the ultimate property! I consider the upper two floors as my lavish Penthouse in the ultimate Scottsdale location! And well the 1st floor brings in $60,000 income – can I say tax write off. This property has so many uses, it can be a vacation party pad, penthouse seasonal rental – short term rental – long term rental. You can even host events, etc. Did I mention the location is prime! 

Three-story mix use industrial style Penthouse & Retail building in Old Town Scottsdale 6

#Houseoftheweek is Located at 7020 E 1st AVE, Scottsdale, AZ 85251 far enough from Scottsdale Rd to avoid the noise but close enough to enjoy everything Old Town Scottsdale has to offer. The top 2 floors (Penthouse as I call it) features a loft style open floor plan with three individual bedrooms.

Three-story mix use industrial style Penthouse & Retail building in Old Town Scottsdale 7

Third floor is nothing but outdoor space! A patio with unbelievable views, a kitchen, sitting are with TV, fireplace, . The 1st floor is LEASED by local favorite Arcadia Farms Marketplace (www.arcadiafarmscafe.com).  Acording to the listing agent “Owner is currently in the process of renewing the tenant for an additional 7 years commencing May 1, 2018”. I will assure you if the lease cannot be negotiated, finding a new tenant will not be an issue.

Asking price is $2,475,000 and that is for the whole building – 4,800 sf!

TAKE THE VIRTAL TOUR!

The listing agent is Robert Levine with Civic Center Real Estate

Luxury Real Estate for sale 85251

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s