7540 E 1st Street Unit 16, Scottsdale, AZ 85251

$1,125,000

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Sold Price
$1,125,000
List Price
$1,250,000
Closing Date
Apr 24, 2024
Days on Market
385
Status
CLOSED
MLS#
6540415
City
Scottsdale
Lot Size
9,118
Subdivision
Reddell Manor

Property Description

Opportunity Zone! Great Development opportunity in the heart of Old Town, currently zoned D/OR-2. Preliminary studies on residential condo / townhome project with significant upside. Must be sold with 7546 E. 1st. Existing home on property is partially demoed on the interior. See Supplement attached to listing with basic project economics. Call LA for more information! Owner/Agent

Additional Information

Elementary School
Pueblo Elementary School
High School
Saguaro High School
Middle School
Mohave Middle School
School District
Scottsdale Unified District
Acres
0.21
Electric
SRP
Lot Size
9,118
New Financing
Cash, 1031 Exchange, Conventional
Lot Features
North/South Exp
Sewer
Public Sewer
Subdivision
Reddell Manor
Taxes
$2,500
Tax Year
2021
Water
City Franchise
Zoning
D/OR-2

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of GNS Realty- AZ, LLC. Selling Office: GNS Realty- AZ, LLC.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.