$550,000
Flagstaff, AZ 86004
MLS# 192270
Status: Closed
3240 sqft
1 / 12
Property 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.
Details
Maps
Contract Info
Status: Closed
Listing Agreement Date: 2023-02-01
Sold Price: $490,000
Current Price: $490,000
List Price/SqFt: 169.75
Property Sub-Type: Commercial Mix Use
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
Geo Lat: 35.205647
Geo Lon: -111.614812
Key Words
Sale/Rent: 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: $490,000
Sold Price/SqFt: 151.23
Financing: Conventional
Property Features
To Show: Call Owner/Mgr; CLO/KILO
Terms of Sale: Cash; CTM/Assump; OMC w/Balloon; Submit
Leases: Mo. to Mo.
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: City Water; Electric; Natural Gas; Primary Meter; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Alley; Curbs; Paved Parking; Sidewalks; St-Blacktop; Unpaved Parking
Location: Freestanding
Freeway Turn Time: 5-9 Min
Possession: COE +
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 an office, storage, or other purpose. With a true shortage of mixed-use commercial properties for sale anywhere in the city, why lease when you can buy and be your own landlord and house yourself at the same time?!
Listing Office: Coldwell Banker Northland
Last Updated: September - 06 - 2024
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