$3,550,000
Flagstaff, AZ 86001
MLS# 6318474
Status: Closed
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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
Contract Info
Current Price: $3,550,000
Sold Price: $3,550,000
Status: Closed
List Date: 2021-11-08
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: C79
House Number: 963
Compass: W
Street Name: ROUTE 66
St Suffix: --
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Zip4: 6297
Country: US
County Code: Coconino
Assessor Number: 103-03-013-N
Tax Year: 2021
General Property Description
Type of Property: Highway Commercial
Ttl Apx SqFt Bldg: 18185
# of Buildings: 2
Year Built: 2000
Uncvrd Parking Spcs: 60
Zoning: HC
Flood Zone: TBD
Legal Info
Township: 21N
Range: 07E
Section: 21
Lot Number: -
Bay Info
# of Bays: 1
# of Bay Doors: 1
Bay Door Height: 10
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: Route 66
Directions: This property is on the corner of Route 66 and W Riordan road directly across from the Standard and next to Galaxy Diner.
Geo Lat: 35.191619
Geo Lon: -111.662252
Status Change Info
Off Market Date: 2022-04-18
Under Contract Date: 2022-04-14
Close of Escrow Date: 2022-05-05
Sold Price: $3,550,000
Income Expenses
Gross Annual Sch Inc: 215400
Net Operating Income: 190160
Property Features
Building Type: Commercial
Business Type: Mixed; Service Business; Professional/Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Rolled; Metal
Floors: Concrete; Carpet
Ceiling Height: 8 Feet or Less; 28.1 Feet or Over
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: Other (See Remarks)
Interior Features: Finished; Smoke Detector(s); Security System; Security Light(s); Phone System; Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign; Monument Sign; Security Light(s)
Fencing: None
Building Features: Conference Room; Computer Room; Display Window(s)
Parking Features: Free; Parking Lot
Electric: APS; City Electric; 3 Phase Power
Gas: City Gas; Underground
Water Source: City Franchise
Sewer: Sewer - Public; Sewer - Available
New Financing: Other (See Remarks)
Showing Notification Methods: Phone Call
Source of Fincl Data: Owner
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Road Surface Type: Asphalt
Traffic Count: Unknown
Environmental: None
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: May - 06 - 2022
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