$1,850,000
114 & 116 S San Francisco Street
Flagstaff, AZ 86001
MLS# 178435
4800 sqft


114 & 116 S San Francisco Street, Flagstaff, AZ 86001
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114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001 114 & 116 S San Francisco Street, Flagstaff, AZ 86001

Property Description
Rate opportunity to purchase 10,560 sq feet of income producing commercial property in historic downtown flagstaff. Parcel contains three properties, one which is leased to a restaurant and comprises 1100 sq ft. Lava Rock building at 114 sits next door to restaurant has 1585 sq ft . Maximize return on investment and convert to AIR BNB or VRBO. Huge year round demand for overnight housing at premium prices. Third building on parcel sits at rear of property 1950 sq and contains 4 vacation rentals. Totally refurbished. Buy the parcel or Lease out historic lava rock building. This location in the mountain community of historic flagstaff is literally minutes from Northern Arizona University with a student body of 30K.

Details
Contract Info
List Price: $1,850,000
Current Price: $1,850,000
List Price/SqFt: 385.41
Property Sub-Type: Commercial Mix Use
List Date: 2019-07-17
Location, Tax & Legal
County: Coconino
Region: 10 - North West City
Area: 160 - Southside/ Brannen
APN: 103--08-008 & 103-08-009
Street #: 114 & 116
Direction: S
Street Name: San Francisco
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Cross Street: Benton
Legal Description: CITY/MUNI/TWP:FLAGSTAFF SEC/TWN/RNG/MER:SEC 21 TWN 21N RNG 07E SUBDIVISION: NORMAL SCHOOL ADD BLOCK: 95 LOT: 13 AND:-
Zoned: commercial
Taxes: 3447
Tax Year: 19
Geo Lat: 35.194758
Geo Lon: -111.648862
Key Words
Sale/Rent: sale/rent
Net Op Inc: CLO
Cap Rate: 8 - 8.9%
Down Payment: Submit
Imprv Sz (Gross SF): 2,000 - 4,999
#Tenants/Units: 1 - 4
Land Size: .5 - .9 AC
Trade/Exchange: Not Applicable
General Property Description
Dimensions: 10,650 sq ft
Year Built: 1945
Approx SqFt: 4800
Remarks & Misc
Directions: Take Butler to South San Francisco Street and turn north on south san francisco, property located at 114 & 116 south san Francisco. Just north of Benton street on east side of street in the heart of Historic Downtown Flagstaff.
Status Change Info
Status: Active
Property Features
To Show: Call Owner/Mgr
Terms of Sale: Cash
Exis Fee/Docs: Assessments
Leases: 1 Yr. +
Util Pd by Tenant: Cable TV
Docs on File: Leases
Interior Amenities: Basement; Display Window; Duo-Pane Win.; Floor Drains; Laundry
Exterior Amenities: Fenced
Occupancy: Partially Leased
Construction: One Story
Roof: Asphalt Shingle
Heating/Cooling: Central A/C; Central Htg; Evap Coolers; Gas
Utilities: City Water; Electric; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Curbs; Paved Parking
Location: Downtown
Freeway Turn Time: 5-9 Min
Possession: By Agreement

Listing Office: HomeSmart Professionals

Last Updated: October - 17 - 2019

114 & 116 S San Francisco Street, Flagstaff, AZ 86001 - MLS# 178435

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Friday 13th of December 2019 03:10 AM