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963 W Route 66, Flagstaff, AZ 86001

$4,850,000

Property Type: Comm/Industry Square Footage: 18,185 Lot Size (sq. ft.): 71,003 Status: Closed

Current Price: $4,850,000 List Date: 10/04/2024 Last Modified: 12/03/2024

Overview

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.

Listing Details MLS# 194716

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

Contract Info

Public Marketing Date: 2023-09-14
List Price/SqFt: 329.94
Property Sub-Type: Retail Building

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

General Property Description

Dimensions: 241.16x268.96x295.63
Acres: 1.63
Year Built: 2000
Approx SqFt: 18185
# Docks: Yes

Status Change Info

Sold Date: 2024-12-02
Sold Price/SqFt: 266.7
Financing: Owner Carry 1st

To Show

Other: Call Blake Cain

More Information

Terms of Sale

Other: see private remarks

Docs on File

Other: ALTA, GEOTECH

Flood Zone

Other: ZONE X minimal

Exterior Amenities

Other: 60 parking spaces

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