$3,550,000
Flagstaff, AZ 86001
MLS# 187826
Status: Closed
18185 sqft
1 / 83
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, of which a veterinarian occupies 2,593 SF. Leases are NNN. Goodwill Industries leases through 4/30/23, but willing to vacate sooner. Veterinary clinic lease expires 3/8/22 with the option to renew. Offering Memorandum available.
Details
Contract Info
List Price/SqFt: 208.41
Property Sub-Type: Commercial Mix Use
Status: Closed
Listing Agreement Date: 2021-10-29
Sold Price: $3,550,000
Current Price: $3,550,000
Location, Tax & Legal
Region: 10 - North West City
APN: 10303013n
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: 47113
Tax Year: 2021
County: Coconino
Area: 157 - Milton Commercial
Street #: 963
Direction: W
Street Name: Route 66
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.191608
Geo Lon: -111.662243
Location
Corner Lot: 1
See Remarks: 1
Other: Milton Corridor Rt66
General Property Description
Year Built: 2000
Dimensions: 241.16x268.96x295.63
Acres: 1.63
Grnd Lease Amt $: 0
# Docks: 1
# OH Doors: 1
Door Height: 10
Approx SqFt: 18185
Key Words
Sale/Rent: Sale
Net Op Inc: $100,000 - 499,999
Cap Rate: 1 - 7.9%
Down Payment: Submit
Imprv Sz (Gross SF): 12,000 - 19,999
#Tenants/Units: 1 - 4
Land Size: 1 - 4.9 AC
Trade/Exchange: Not Applicable
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
Sold Price/SqFt: 195.21
Financing: Cash
Sold Date: 2022-05-05
Sold Price: $3,550,000
Inc/Exp (Annual)
Grs Op Inc $: 271520
- Op Exp $: 81360
Sec Deps $: 3350
Seller Prop Disc St: 1
To Show
Other: Call Blake Cain
Possession
COE +: 1
Terms of Sale
Cash: 1
Submit: 1
Leases
1 Yr. +: 1
Option/Renew: 1
Util Pd by Tenant
Cable TV: 1
CAM's: 1
Electricity: 1
Janitorial: 1
Nat. Gas: 1
RE Insurance: 1
RE Tax: 1
Snow Removal: 1
Trash Collect: 1
Water/Sewer: 1
Interior Amenities
Duo-Pane Win.: 1
Fire Alarm Sys.: 1
Laundry: 1
Security System: 1
Docs on File
Aerial Photo: 1
Leases: 1
Legal Descrip.: 1
Security Deposits: 1
Other: offering memorandum
Exterior Amenities
Fire Escapes: 1
Handic. Access: 1
Landscaped: 1
Loading Docks: 1
Storage: 1
Other: 60 parking spaces
Flood Zone
Other: Zone X minimal
Lot Street Imprvmnts
Curbs: 1
Paved Parking: 1
Sidewalks: 1
St-Blacktop: 1
Utilities
(3 Phase): 1
City Water: 1
Electric: 1
Natural Gas: 1
Sewer: 1
Telephone: 1
TV Cable: 1
Other: City Utilities
Occupancy
Partially Leased: 1
Heating
Central: 1
Natural Gas: 1
Cooling
Central Air: 1
Gas: 1
Management
Owner: 1
Construction
Masonry: 1
One Story: 1
Concrete: 1
Roof
Comp./Built Up: 1
Metal: 1
Freeway Turn Time
1-4 Min: 1
Property Features
Terms of Sale: Cash; Submit
Leases: 1 Yr. +; Option/Renew
Util Pd by Tenant: Cable TV; CAM's; Electricity; Janitorial; Nat. Gas; RE Insurance; RE Tax; Snow Removal; Trash Collect; Water/Sewer
Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Deposits
Interior Amenities: Duo-Pane Win.; Fire Alarm Sys.; Laundry; Security System
Exterior Amenities: Fire Escapes; Handic. Access; Landscaped; Loading Docks; Storage
Occupancy: Partially Leased
Management: Owner
Construction: One Story; Concrete; Masonry
Roof: Comp./Built Up; Metal
Heating: Central; Natural Gas
Cooling: Central Air; Gas
Utilities: (3 Phase); City Water; Electric; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Corner Lot; See Remarks
Freeway Turn Time: 1-4 Min
Possession: COE +
IDX
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: September - 06 - 2024
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