$6,000,000
Flagstaff, AZ 86001
MLS# 194716
18185 sqft
1 / 60
Property Description
Location does not get much better than this! Two excellent commercial buildings located in the heart of Flagstaff, adjacent to the famous Milton transportation corridor. The property is less than a half mile to Northern Arizona University, close to well known shopping, restaurants, car dealerships, and is directly across from one of the largest state of the art NAU student housing facilities in Flagstaff. This 1.63 acre parcel is primed and ready for its next investor opportunity. The property is zoned Highway Commercial. Bldg #1 is 11,500SF. Bldg #2 is 6,685 SF. Buyer can purchase now and do with the property what they want, otherwise the Seller will be getting the units leased to meet a 5+ cap rate. Separate lease listings to come in the following weeks.
Details
Maps
Contract Info
List Price: $6,000,000
Current Price: $6,000,000
List Price/SqFt: 329.94
Property Sub-Type: Retail Building
Buyer Agency: 3
Buyer Agency Type: %
Co-Variable: No
Public Marketing Date: 2023-09-14
Location, Tax & Legal
County: Coconino
Region: 10 - North West City
Area: 157 - Milton Commercial
APN: 10303013n
Street #: 963
Direction: W
Street Name: Route 66
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Cross Street: Riordan
Legal Description: SIXTEENTH: SW QUARTER: NW SECTION: 21 TOWNSHIP: 21N RANGE: 07E DESC AS FLLWS: BEG SE COR DKT 542 PG 347: TH S 35-23 W 25
Zoned: HC
Taxes: 47114
Tax Year: 2022
Geo Lat: 35.191608
Geo Lon: -111.662243
Key Words
Sale/Rent: SALE
Net Op Inc: $0 - 4,999
Cap Rate: 1 - 7.9%
Down Payment: $150,000+
Imprv Sz (Gross SF): 12,000 - 19,999
#Tenants/Units: 1 - 4
Land Size: 1 - 4.9 AC
Trade/Exchange: Not Applicable
General Property Description
Dimensions: 241.16x268.96x295.63
Acres: 1.63
Year Built: 2000
Approx SqFt: 18185
# Docks: 1
Remarks & Misc
Directions: This property is on the corner of Route 66 and W Riordan road directly across from the Standard and next to Galaxy Diner.
Status Change Info
Status: Active
To Show
Other: Call Blake Cain
Terms of Sale
Other: see private remarks
Docs on File
Other: ALTA, GEOTECH
Flood Zone
Other: ZONE X minimal
Exterior Amenities
Other: 60 parking spaces
Roof
Other: roll on
Property Features
Terms of Sale: Cash; OMC
Exis Fee/Docs: Free & Clear
Leases: Mo. to Mo.
Docs on File: Aerial Photo; Easements; Flood Zone Info.; Survey
Interior Amenities: Display Window; Duo-Pane Win.; Fire Alarm Sys.; Security System; Showroom
Exterior Amenities: Fire Escapes; Handic. Access; Landscaped; Loading Docks; Storage
Occupancy: Vacant
Construction: One Story; Concrete; Masonry
Roof: Comp./Built Up; Metal
Heating: Central
Utilities: (3 Phase); City Water; Electric; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Downtown; Freestanding
Freeway Turn Time: 1-4 Min
Possession: COE +
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: February - 02 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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