$3,800,000
Flagstaff, AZ 86004
MLS# 195466
Status: Closed
11160 sqft
1 / 1
Property Description
Immerse yourself in the extraordinary potential of this impeccably remodeled mixed-use commercial property situated on 0.89 acres of prime, commercially zoned real estate in Flagstaff, AZ. Strategically positioned at a prominent three-way lighted intersection, this investment opportunity comprises four distinct buildings, each meticulously crafted for optimal functionality and aesthetic appeal. This mixed-use property presents a unique opportunity for investors seeking a diversified portfolio. With its strategic location, modern renovations, and a blend of retail, residential, hotel, and apartment spaces, this property is poised for long-term success. Seller financing available with 30% down @5.5% amortized over 25 years with a balloon payable in full in 3 years.
Details
Contract Info
List Price/SqFt: 340.5
Property Sub-Type: Commercial Mix Use
Status: Closed
Listing Agreement Date: 2023-12-11
Sold Price: $3,800,000
Current Price: $3,800,000
Location, Tax & Legal
Region: 40 - North East City
APN: 10706002e
Cross Street: Arrowhead
Legal Description: in escrow
Zoned: HC
Taxes: 9207
Tax Year: 2023
County: Coconino
Area: 400 - Sunnyside
Street #: 2010
Direction: E
Street Name: Rte 66
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.200367
Geo Lon: -111.618992
Location
Corner Lot: 1
Freestanding: 1
Key Words
Sale/Rent: Sale
Net Op Inc: CLO
Cap Rate: CLO
Down Payment: Submit
Imprv Sz (Gross SF): 5,000 - 11,999
#Tenants/Units: 10 - 19
Land Size: .5 - .9 AC
Trade/Exchange: Not Applicable
Remarks & Misc
Directions: Route 66 east to Arrowhead
Status Change Info
Sold Price/SqFt: 340.5
Financing: Owner Carry 1st
Sold Date: 2024-01-11
Sold Price: $3,800,000
To Show
CLO/KILO: 1
Possession
COE +: 1
Terms of Sale
Cash: 1
OMC w/Balloon: 1
Leases
Weekly: 1
Interior Amenities
Basement: 1
Living Qtrs.: 1
Exterior Amenities
Fenced: 1
Landscaped: 1
Flood Zone
Other: Zone X
Lot Street Imprvmnts
Paved Parking: 1
Utilities
City Water: 1
Natural Gas: 1
Sewer: 1
Occupancy
Totally Leased: 1
Heating
Natural Gas: 1
Cooling
Individual A/C Units: 1
Management
Owner: 1
Construction
Stone: 1
One Story: 1
Two Story: 1
Frame: 1
Roof
Asphalt Shingle: 1
Freeway Turn Time
5-9 Min: 1
General Property Description
Approx SqFt: 11160
Property Features
To Show: CLO/KILO
Terms of Sale: Cash; OMC w/Balloon
Leases: Weekly
Interior Amenities: Basement; Living Qtrs.
Exterior Amenities: Fenced; Landscaped
Occupancy: Totally Leased
Management: Owner
Construction: One Story; Two Story; Frame; Stone
Roof: Asphalt Shingle
Heating: Natural Gas
Cooling: Individual A/C Units
Utilities: City Water; Natural Gas; Sewer
Lot Street Imprvmnts: Paved Parking
Location: Corner Lot; Freestanding
Freeway Turn Time: 5-9 Min
Possession: COE +
IDX
Listing Office: da Vinci Realty
Last Updated: September - 06 - 2024
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