$1,490,000
Scottsdale, AZ 85251
MLS# 6962900
1 / 22
Property Description
Here is an opportunity for qualified investors, to acquire this 100% leased ground floor office condominium in the desirable Downtown Scottsdale's Arts District. Built in 2018 with 7 luxury residences above. The two office suites consist of +/- 2494 SF. Nine covered parking spaces are included. The leases are Triple (NNN).
Details
Maps
Contract Info
Ownership: Condominium
Current Price: $1,490,000
List Price: $1,490,000
Status: Active
List Date: 2026-01-02
Location, Tax & Legal
Unit #: 105c
Assessor's Map #: 11
Legal Description (Abbrev): LOT 105C ELDORADO ON 1ST CONDOMINIUM MCR 120230
Assessor's Parcel #: 491
Add'l Parcels: No
Tax Municipality: Scottsdale
Census Tract: 217201
Taxes: 4787
Legal: LOT 105C ELDORADO ON 1ST CONDOMINIUM MCR 120230
Marketing Name: Eldorado ON 1st
House Number: 6901
Compass: E
Street Name: 1ST
St Suffix: Street
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 5303
County Code: Maricopa
Subdivision: ELDORADO ON 1ST CONDOMINIUM
Assessor Number: 130-11-491
Tax Year: 2025
General Property Description
Type of Property: Office/Retail
Ttl Apx SqFt Bldg: 2494
# of Buildings: 1
Uncvrd Parking Spcs: 0
Flood Zone: No
Year Built: 2018
Zoning: C-DT
Currently Not Used
Sold Price Per SqFt: 597.43
Legal Info
Range: 4E
Section: 27
Township: 2N
Lot Number: 105C
Construction
Tilt-Up: 1
Roofing
Other: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 10116
Operating Exp: 14903
Other Income: 9049.26
Vacancy Allowance: 0.05
Adjusted Gross Inc: 89062.21
Building Type
Commercial: 1
Business Type
Professional/Office: 1
Retail: 1
Pmt & Rate Info
Cap Rate: 5.79
Equity: 1490000
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Curb(s) & Gutter(s): 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Master Meter: 1
Building Features
Conference Room: 1
Showroom: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Private: 1
Electric
SRP: 1
Master Meter: 1
Gas
None: 1
New Financing
1031 Exchange: 1
Special
Owner/Agent: 1
Use Restrictions
Deed Restrictions: 1
CC&R's: 1
Currently Leased: 1
Reports/Disclosures
Vicinity of an Airport: 1
Environmental
None: 1
Remarks Misc
Cross Street: Scottsdale Road and Indian School Road
Directions: West on Indian School Road to Goldwater BLVD, South to E. 1st Street, go West on 1st Street to the property on the left.
Geo Lat: 33.491943
Geo Lon: -111.932217
Income Expenses
Gross Annual Sch Inc: 84700.44
Net Operating Income: 86325.64
Property Features
Building Type: Commercial
Business Type: Professional/Office; Retail
Construction: Tilt-Up
Roofing: Other
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Private Restrooms
Exterior: Curb(s) & Gutter(s)
Fencing: None
Building Features: Conference Room; Showroom
Parking Features: Parking Lot; Private
Electric: SRP; Master Meter
Gas: None
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
New Financing: 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Owner
Road Surface Type: Asphalt
Use Restrictions: Deed Restrictions; CC&R's; Currently Leased
Environmental: None
Listing Office: West USA Realty
Last Updated: January - 03 - 2026
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