$4,850,000
Flagstaff, AZ 86001
MLS# 194716
Status: Closed
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
Contract Info
List Price/SqFt: 329.94
Property Sub-Type: Retail Building
Status: Closed
Listing Agreement Date: 2023-09-14
Sold Price: $4,850,000
Current Price: $4,850,000
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: 47114
Tax Year: 2022
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
Downtown: 1
Freestanding: 1
General Property Description
Year Built: 2000
Dimensions: 241.16x268.96x295.63
Acres: 1.63
# Docks: 1
Approx SqFt: 18185
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
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: 266.7
Financing: Owner Carry 1st
Sold Date: 2024-12-02
Sold Price: $4,850,000
Exis Fee/Docs
Free & Clear: 1
To Show
Other: Call Blake Cain
Possession
COE +: 1
Terms of Sale
Cash: 1
OMC: 1
Other: see private remarks
Leases
Mo. to Mo.: 1
Interior Amenities
Display Window: 1
Duo-Pane Win.: 1
Fire Alarm Sys.: 1
Security System: 1
Showroom: 1
Docs on File
Aerial Photo: 1
Easements: 1
Flood Zone Info.: 1
Survey: 1
Other: ALTA, GEOTECH
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
Occupancy
Vacant: 1
Heating
Central: 1
Construction
Masonry: 1
One Story: 1
Concrete: 1
Roof
Comp./Built Up: 1
Metal: 1
Other: roll on
Freeway Turn Time
1-4 Min: 1
Property Features
Terms of Sale: Cash; OMC
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 +
IDX
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: December - 03 - 2024
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