$675,000
Flagstaff, AZ 86001
MLS# 194135
2422 sqft
1 / 8
Property Description
Prime opportunity awaits with this highway commercial zoned property in Old Town Flagstaff. Situated in a highly sought-after location on 0.31 acres, this parcel is perfect for development. With the area's steady growth and popularity, this property presents a promising investment opportunity with the potential for attractive returns. The existing house conveys in as is condition. The property is currently fully leased and the leases are to convey with the sale. Kitchen is currently being remodeled due to a leak. New cabinets, countertops, and flooring are on order.
Details
Maps
Contract Info
List Price: $675,000
Current Price: $675,000
List Price/SqFt: 278.69
Property Sub-Type: Commercial Mix Use
Co-Broker Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Co-Variable: Yes
Public Marketing Date: 2023-07-27
Location, Tax & Legal
County: Coconino
Region: 10 - North West City
Area: 150 - Flagstaff Old Town
APN: 10302004
Street #: 823
Direction: W
Street Name: Clay
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Cross Street: Rte 66
Legal Description: Lengthy, to be provided in escrow
Zoned: HC
Taxes: 2638.3
Tax Year: 2023
Geo Lat: 35.195583
Geo Lon: -111.660411
Key Words
Sale/Rent: 1,950
Net Op Inc: $20,000 - 39,999
Cap Rate: CLO
Down Payment: Submit
Imprv Sz (Gross SF): 2,000 - 4,999
#Tenants/Units: 5 - 9
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
General Property Description
Acres: 0.31
Year Built: 1935
Approx SqFt: 2422
Remarks & Misc
Directions: From route 66, turn West Clay Ave. The house will be on the left at the corner of Blackbird Roost and Clay.
Status Change Info
Status: Active
Inc/Exp (Annual)
Sec Deps $: 1400
Terms of Sale
Other: conventional
Property Features
Zoning - County: RC
To Show: Drive By/Don't Enter; No Sign on Prop.; Special/CLO
Terms of Sale: Cash
Leases: Mo. to Mo.
Util Pd by Tenant: Electricity; Nat. Gas; Trash Collect; Water/Sewer
Docs on File: Aerial Photo
Flood Zone: C-Minimal
Interior Amenities: Laundry; Living Qtrs.
Exterior Amenities: Storage
Occupancy: Totally Leased
Management: Owner
Construction: Two Story
Roof: Asphalt Shingle
Heating: Natural Gas
Utilities: City Water; Electric; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Curbs; Paved Parking; Sidewalks; St-Blacktop; Unpaved Parking
Location: Corner Lot; Downtown; Freestanding
Freeway Turn Time: 5-9 Min
Possession: COE +
Listing Office: Flagstaff Top Producers R.E.
Last Updated: January - 05 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.