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823 W Clay Avenue, Flagstaff, AZ 86001

$890,000

Property Type: Comm/Industry Square Footage: 2,422 Lot Size (sq. ft.): 13,068 Status: Active

Current Price: $890,000 List Date: 5/21/2026 Last Modified: 6/03/2026

Overview

Description

Exceptional redevelopment opportunity in the heart of Old Town Flagstaff. Positioned on a Highway Commercial-zoned parcel in a high-demand location near NAU, established residential neighborhoods, and key transportation corridors, this property presents a rare opportunity for developers, investors, and builders seeking future density potential in a rapidly evolving area. The primary value lies in the land, zoning flexibility, and ongoing entitlement efforts. Sellers are currently pursuing entitlement pathways that may allow for preservation of the existing residence while adding 5 townhomes, or alternatively redevelopment of the site for up to 8 townhomes (buyer to independently verify zoning, density, entitlements, permitted uses, and municipal approvals). See additional comments...

Supplements: Situated within the area impacted by Flagstaff's continued growth and the evolving Downtown Mile corridor, the property benefits from strong connectivity, proximity to Northern Arizona University, nearby employment centers, and increasing housing demand. The location also offers convenient access to Butler Avenue, Milton Road, and Route 66, support ... (Read more)

Listing Details MLS# 204589

Location, Tax & Legal

County: Coconino
Area: 150 - Flagstaff Old Town
Street #: 823
Direction: W
Street Name: Clay
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Region: 10 - North West City
APN: 10302004
Zip + 4: 6224
Legal Description: SUBDIVISION: RIORDAN ADD BEG AT INTRSECS LINE ARMORY AVE & E LINEBLACKBIR D ROOST TH ELY 50'; TH SLY 134'; TH WLY 50'; T
Taxes: 3011
Tax Year: 2025

Contract Info

Public Marketing Date: 2026-05-18
List Price/SqFt: 367.46
For Lease YN: No
Owner/Agent: No
Property Sub-Type: Commercial Mix Use

Key Words

Sale/Rent Description: 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: Submit

General Property Description

Acres: 0.3
Grnd Lease Amt $: 13400
Year Built: 1935
Approx SqFt: 2422

To Show

Other: 928-607-8026

Util Pd by Tenant

Other: All

More Information

Flood Zone

Other: Buyer Verify

Location

Other: Near NAU
Corner Lot: Yes

Remarks & Misc

Directions: From Route 66, turn onto W Clay Ave. Corner house on the left at Blackbird Roost and Clay.

Exis Fee/Docs

See Remarks: Yes

Possession

COE +: Yes

Terms of Sale

Submit: Yes

General Land Info

See Remarks: Yes

Interior Amenities

Living Qtrs.: Yes

Lot Street Imprvmnts

Curbs: Yes
St-Concrete: Yes
Unpaved Parking: Yes

Utilities

City Water: Yes
Natural Gas: Yes
Phone Available: Yes
Sewer: Yes

Occupancy

Totally Leased: Yes

Management

Owner: Yes

Construction

Frame: Yes

Roof

Asphalt Shingle: Yes

Property Features

Terms of Sale: Submit General Land Info: See Remarks Interior Amenities: Living Qtrs. Occupancy: Totally Leased Management: Owner Construction: Frame Roof: Asphalt Shingle Utilities: City Water; Natural Gas; Phone Available; Sewer Lot Street Imprvmnts: Curbs; St-Concrete; Unpaved Parking Location: Corner Lot Possession: COE +

IDX

Listing Office: da Vinci Realty

Last Updated: June - 03 - 2026

823 W Clay Avenue, Flagstaff, AZ 86001 (MLS# 204589)