$3,814,600
Flagstaff, AZ 86001
MLS# 186934
Status: Closed
19168 sqft
1 / 49
Property Description
Own a vibrant part of Historic Downtown Flagstaff. The historic Nackard Building circa 1922 is a mix use building located in the heart of the downtown area 1/2 a block north of the Mother Road - Route 66. The anchor tenant is a locally owned premier outdoor outfitter. The building currently consists of 25 fully leased spaces of varying sizes. Here you will find an eclectic mix of retail, office space and artist's lofts along with 5 short and long term residential penthouse suites. There is also a separate owner's office space. This three-story retail, office and apartment building plus basement space is a landmark in this Historic District. A unique combination located in a building with a grand history and plenty more potential nestled in the heart of downtown Flagstaff.
Details
Contract Info
List Price/SqFt: 195.63
Property Sub-Type: Commercial Mix Use
Status: Closed
Listing Agreement Date: 2021-08-06
Sold Price: $3,814,600
Current Price: $3,814,600
Location, Tax & Legal
Region: 10 - North West City
APN: 10020017
Zip + 4: 5229
Cross Street: Route 66
Legal Description: RAILROAD ADD BLOCK: 5 LOT: 23 AND:- LOT: 24 , SIXTEENTH: SW QUARTER: SW SECTION: 15 TOWNSHIP: 21N RANGE: 07E
Zoned: CB
Taxes: 12803
Tax Year: 2020
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 15
Direction: N
Street Name: San Francisco
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.197837
Geo Lon: -111.64811
Location
Downtown: 1
Freestanding: 1
General Property Description
Year Built: 1922
Dimensions: 141.9x50.14x141.99
Acres: 0.16
Approx SqFt: 19168
Key Words
Sale/Rent: Sale
Net Op Inc: $100,000 - 499,999
Cap Rate: CLO
Down Payment: $150,000+
Imprv Sz (Gross SF): 12,000 - 19,999
#Tenants/Units: 20 - 49
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
Remarks & Misc
Directions: North San Francisco St between Route 66 and Aspen Ave
Status Change Info
Sold Price/SqFt: 199
Financing: Owner Carry 1st
Sold Date: 2022-02-10
Sold Price: $3,814,600
Inc/Exp (Annual)
Grs Op Inc $: 230700
Seller Prop Disc St: 1
Other: CLO
Exis Fee/Docs
Free & Clear: 1
To Show
No Sign on Prop.: 1
Other: Contact Bruce Bourne
Possession
Other: Tenants
Terms of Sale
Cash: 1
CTM/Assump: 1
OMC: 1
OMC w/Balloon: 1
Leases
Mo. to Mo.: 1
1 Yr. +: 1
Option/Renew: 1
Util Pd by Tenant
Other: Elec - Asp Sports
Interior Amenities
Basement: 1
Display Window: 1
Fire Alarm Sys.: 1
Laundry: 1
Living Qtrs.: 1
Security System: 1
Shop: 1
Skylight: 1
Sprinklers: 1
Docs on File
Aerial Photo: 1
Current P & L: 1
Leases: 1
Legal Descrip.: 1
Security Deposits: 1
Flood Zone
B-500Yr: 1
Lot Street Imprvmnts
Alley: 1
Curbs: 1
Sidewalks: 1
St-Blacktop: 1
Utilities
(2 Phase): 1
City Water: 1
Electric: 1
Natural Gas: 1
Sewer: 1
Telephone: 1
Occupancy
Totally Leased: 1
Heating
Other: Boiler/hydronic heat
Cooling
Evaporative Cooling: 1
Individual A/C Units: 1
Management
Owner: 1
Other: STR Mgt
Construction
Masonry: 1
Three Stories +: 1
Frame: 1
Roof
Flat: 1
Other: New roof 2017
Freeway Turn Time
5-9 Min: 1
Property Features
To Show: No Sign on Prop.
Terms of Sale: Cash; CTM/Assump; OMC; OMC w/Balloon
Leases: Mo. to Mo.; 1 Yr. +; Option/Renew
Docs on File: Aerial Photo; Current P & L; Leases; Legal Descrip.; Security Deposits
Flood Zone: B-500Yr
Interior Amenities: Basement; Display Window; Fire Alarm Sys.; Laundry; Living Qtrs.; Security System; Shop; Skylight; Sprinklers
Occupancy: Totally Leased
Management: Owner
Construction: Three Stories +; Frame; Masonry
Roof: Flat
Cooling: Evaporative Cooling; Individual A/C Units
Utilities: (2 Phase); City Water; Electric; Natural Gas; Sewer; Telephone
Lot Street Imprvmnts: Alley; Curbs; Sidewalks; St-Blacktop
Location: Downtown; Freestanding
Freeway Turn Time: 5-9 Min
IDX
Listing Office: Linton Real Estate
Last Updated: September - 06 - 2024
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