$830,000
Flagstaff, AZ 86004
MLS# 198573
Status: Closed
3695 sqft
1 / 1
Property Description
Introducing a prime investment or owner-user opportunity in Flagstaff, AZ. This well-maintained 3,695 SF multi-tenant office building, with updates circa 2020, boasts a strategic .38 acre corner location in east Flagstaff. With favorable leases to add value or occupy as owner with the ability to offset debt service via rental streams, this Property presents a passive investment option in a market absent of them. Zoned CC, the property offers versatile potential for a range of office or commercial uses. Built in 1989, the Building showcases self-contained suites, long-standing tenancy, on-site front, side, and rear parking and a layout designed for ease of occupancy with optimal functionality. Take advantage of this rare chance to add this value-add asset to your portfolio.
Details
Contract Info
List Price/SqFt: 216.23
Property Sub-Type: Office Building
Status: Closed
Listing Agreement Date: 2024-10-01
Sold Price: $830,000
Current Price: $830,000
Location, Tax & Legal
Region: 40 - North East City
APN: 10810067b
Cross Street: E. Lakin
Legal Description: Provided in escrow
Zoned: CC
Taxes: 9075
Tax Year: 2024
County: Coconino
Area: 430 - Lower Greenlaw
Street #: 2677
Direction: E
Street Name: 7th
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.21135
Geo Lon: -111.608751
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): 2,000 - 4,999
#Tenants/Units: 1 - 4
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
Remarks & Misc
Directions: 4th St, east on 7th Ave, property is located on the south corner of 7th Ave and N. Patterson.
Status Change Info
Sold Price/SqFt: 224.62
Financing: Conventional
Sold Date: 2024-12-18
Sold Price: $830,000
To Show
CLO/KILO: 1
No Sign on Prop.: 1
Terms of Sale
Cash: 1
CTM/Assump: 1
Submit: 1
Leases
Mo. to Mo.: 1
1 Yr. +: 1
Gross: 1
Interior Amenities
Duo-Pane Win.: 1
Laundry: 1
Security System: 1
Docs on File
Leases: 1
Legal Descrip.: 1
Ownr Op Stmnt: 1
Security Deposits: 1
Exterior Amenities
Fenced: 1
Handic. Access: 1
Landscaped: 1
Flood Zone
C-Minimal: 1
Lot Street Imprvmnts
Alley: 1
Curbs: 1
Paved Parking: 1
Sidewalks: 1
St-Blacktop: 1
Utilities
City Water: 1
Electric: 1
Natural Gas: 1
Primary Meter: 1
Sewer: 1
Occupancy
Totally Leased: 1
Heating
Central: 1
Natural Gas: 1
Cooling
Central Air: 1
Gas: 1
Management
Owner: 1
Construction
Masonry: 1
One Story: 1
Frame: 1
Roof
Asphalt Shingle: 1
Pitched: 1
Freeway Turn Time
1-4 Min: 1
General Property Description
Approx SqFt: 3695
Property Features
To Show: CLO/KILO; No Sign on Prop.
Terms of Sale: Cash; CTM/Assump; Submit
Leases: Mo. to Mo.; 1 Yr. +; Gross
Docs on File: Leases; Legal Descrip.; Ownr Op Stmnt; Security Deposits
Flood Zone: C-Minimal
Interior Amenities: Duo-Pane Win.; Laundry; Security System
Exterior Amenities: Fenced; Handic. Access; Landscaped
Occupancy: Totally Leased
Management: Owner
Construction: One Story; Frame; Masonry
Roof: Asphalt Shingle; Pitched
Heating: Central; Natural Gas
Cooling: Central Air; Gas
Utilities: City Water; Electric; Natural Gas; Primary Meter; Sewer
Lot Street Imprvmnts: Alley; Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Corner Lot; Freestanding
Freeway Turn Time: 1-4 Min
IDX
Listing Office: Coldwell Banker Northland
Last Updated: December - 18 - 2024
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