$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
Status: Closed
Public Marketing Date: 2023-09-14
Sold Price: $4,850,000
Current Price: $4,850,000
List Price/SqFt: 329.94
Property Sub-Type: Retail Building
General Property Description
Dimensions: 241.16x268.96x295.63
Acres: 1.63
Year Built: 2000
Approx SqFt: 18185
# Docks: 1
Location, Tax & Legal
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
Key Words
Sale/Rent Description: 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
Status Change Info
Sold Date: 2024-12-02
Sold Price: $4,850,000
Sold Price/SqFt: 266.7
Financing: Owner Carry 1st
To Show
Other: Call Blake Cain
Terms of Sale
Other: see private remarks
Docs on File
Other: ALTA, GEOTECH
Exterior Amenities
Other: 60 parking spaces
Flood Zone
Other: ZONE X minimal
Roof
Other: roll on
Property Features
Terms of Sale: Cash; OMC
Leases: Month To Month
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: Built-Up; Metal
Heating: Central
Utilities: (3 Phase); Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Sewer
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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