Search |

2319 E Spruce Avenue, Flagstaff, AZ 86004

$490,000

Property Type: Comm/Industry Square Footage: 3,240 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $490,000 List Date: 2/03/2023 Last Modified: 9/06/2024

Overview

Description

Why commute to work when you can live on-site? Why pay full mortgage when you can offset it by occupying one space and lease the other, or, lease both! Calling all owner-users, live-workers, and investors alike, this high demand 3,240 sf freestanding mixed-use commercial building is available for any pursuit. Property has true flexibility-- it can be used as a live/work configuration with a former mechanic's shop up front and a 1 bd apartment in the rear, separated by well-insulated walls and doorway, or leased in part or whole with fair market rent for shops of similar ilk in the $18/sf/yr gross range, and 1 bd apartments of similar design in the $1,200/mo range. The front shop features two 10' roll up doors to accommodate vehicular access, an open floor plan, and small restroom.

Supplements: The rear apartment features a sizable one-bedroom, living room, kitchen with electric range and fridge, washer/dryer, and bathroom with shower. There is even a small garage located off of the northeast corner that could serve as storage or 1-car parking. Not included in the square footage is an adjoining front +-200 sf space that could be used as a ... (Read more)

Listing Details MLS# 192270

Location, Tax & Legal

County: Coconino
Area: 400 - Sunnyside
Street #: 2319
Direction: E
Street Name: Spruce
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004

Contract Info

Public Marketing Date: 2023-02-01
List Price/SqFt: 169.75
Property Sub-Type: Commercial Mix Use

Key Words

Sale/Rent Description: Sale
Net Op Inc: CLO
Cap Rate: CLO
Down Payment: $150,000+
Imprv Sz (Gross SF): 2,000 - 4,999
#Tenants/Units: 1 - 4
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable

General Property Description

Dimensions: 142 x 50
Acres: 0.16
Year Built: 1974
Approx SqFt: 3240
# OH Doors: 2
Door Height: 10

Status Change Info

Sold Date: 2023-06-16
Sold Price/SqFt: 151.23
Financing: Conventional

More Information

Property Features

To Show: Call Owner/Mgr; CLO/KILO Terms of Sale: Cash; CTM/Assump; OMC w/Balloon; Submit Leases: Month To Month Util Pd by Tenant: Nat. Gas Docs on File: Leases; Legal Descrip.; List Per Prop.; Security Deposits Flood Zone: C-Minimal Interior Amenities: Laundry; Living Qtrs.; Shop Exterior Amenities: Auto Bays Occupancy: Owner Occupied; Partially Leased Management: Owner Construction: One Story; Masonry Roof: Asphalt Shingle; Flat Heating: Space Heater Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Sewer Lot Street Imprvmnts: Alley; Curbs; Paved Parking; Sidewalks; St-Blacktop; Unpaved Parking Location: Freestanding Freeway Turn Time: 5-9 Min Possession: COE +

IDX

Listing Office: Coldwell Banker Northland

Last Updated: September - 06 - 2024