$799,000
Flagstaff, AZ 86004
MLS# 198573
Status: Closed
3695 sqft
1 / 1
Property Description
Introducing a prime investment or owner-user opportunity in Flagstaff, AZ. This well-maintained 3,695 SF multi-tenant office building, with updates circa 2020, boasts a strategic .38 acre corner location in east Flagstaff. With favorable leases to add value or occupy as owner with the ability to offset debt service via rental streams, this Property presents a passive investment option in a market absent of them. Zoned CC, the property offers versatile potential for a range of office or commercial uses. Built in 1989, the Building showcases self-contained suites, long-standing tenancy, on-site front, side, and rear parking and a layout designed for ease of occupancy with optimal functionality. Take advantage of this rare chance to add this value-add asset to your portfolio.
Details
Maps
Contract Info
Status: Closed
Listing Agreement Date: 2024-10-01
Sold Price: $830,000
Current Price: $830,000
List Price/SqFt: 216.23
Property Sub-Type: Office Building
Location Tax Legal
County: Coconino
Area: 430 - Lower Greenlaw
Street #: 2677
Direction: E
Street Name: 7th
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.21135
Geo Lon: -111.608751
Key Words
Sale/Rent: 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: Not Applicable
General Property Description
Approx SqFt: 3695
Status Change Info
Sold Date: 2024-12-18
Sold Price: $830,000
Sold Price/SqFt: 224.62
Financing: Conventional
Property Features
To Show: CLO/KILO; No Sign on Prop.
Terms of Sale: Cash; CTM/Assump; Submit
Leases: Mo. to Mo.; 1 Yr. +; Gross
Docs on File: Leases; Legal Descrip.; Ownr Op Stmnt; Security Deposits
Flood Zone: C-Minimal
Interior Amenities: Duo-Pane Win.; Laundry; Security System
Exterior Amenities: Fenced; Handic. Access; Landscaped
Occupancy: Totally Leased
Management: Owner
Construction: One Story; Frame; Masonry
Roof: Asphalt Shingle; Pitched
Heating: Central; Natural Gas
Cooling: Central Air; Gas
Utilities: City Water; Electric; Natural Gas; Primary Meter; Sewer
Lot Street Imprvmnts: Alley; Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Corner Lot; Freestanding
Freeway Turn Time: 1-4 Min
Listing Office: Coldwell Banker Northland
Last Updated: December - 18 - 2024
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