$3,790,000
Flagstaff, AZ 86001
MLS# 187826
Status: Closed
18185 sqft
1 / 83
Property 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, of which a veterinarian occupies 2,593 SF. Leases are NNN. Goodwill Industries leases through 4/30/23, but willing to vacate sooner. Veterinary clinic lease expires 3/8/22 with the option to renew. Offering Memorandum available.
Details
Maps
Contract Info
Status: Closed
Listing Agreement Date: 2021-10-29
Sold Price: $3,550,000
Current Price: $3,550,000
List Price/SqFt: 208.41
Property Sub-Type: Commercial Mix Use
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
Geo Lat: 35.191608
Geo Lon: -111.662243
Key Words
Sale/Rent: Sale
Net Op Inc: $100,000 - 499,999
Cap Rate: 1 - 7.9%
Down Payment: Submit
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: 1
# OH Doors: 1
Door Height: 10
Status Change Info
Sold Date: 2022-05-05
Sold Price: $3,550,000
Sold Price/SqFt: 195.21
Financing: Cash
To Show
Other: Call Blake Cain
Docs on File
Other: offering memorandum
Flood Zone
Other: Zone X minimal
Exterior Amenities
Other: 60 parking spaces
Utilities
Other: City Utilities
Location
Other: Milton Corridor Rt66
Property Features
Terms of Sale: Cash; Submit
Leases: 1 Yr. +; Option/Renew
Util Pd by Tenant: Cable TV; CAM's; Electricity; Janitorial; Nat. Gas; RE Insurance; RE Tax; Snow Removal; Trash Collect; Water/Sewer
Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Deposits
Interior Amenities: Duo-Pane Win.; Fire Alarm Sys.; Laundry; Security System
Exterior Amenities: Fire Escapes; Handic. Access; Landscaped; Loading Docks; Storage
Occupancy: Partially Leased
Management: Owner
Construction: One Story; Concrete; Masonry
Roof: Comp./Built Up; Metal
Heating: Central; Natural Gas
Cooling: Central Air; Gas
Utilities: (3 Phase); City Water; Electric; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Corner Lot; See Remarks
Freeway Turn Time: 1-4 Min
Possession: COE +
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: September - 06 - 2024
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