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    963 W Rte 66

    Flagstaff, AZ 86001
    • $3,840,000
    • STATUS: Active
    • ON SITE: 319 days
    • MLS #: 183696
    UPDATED: 46 min ago
    $3,840,000
    • 0
      BEDS
    • 1.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,185
      SQFT
    • $211
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2000
    County:

    School Ratings & Info

    Description

    Commercial property with two standalone buildings on 1.63 acres of HC (Highway Commercial) zoned land. Subject property is located on Route 66 near the Milton Road corridor of Flagstaff, AZ. Building #1 is approximately 11,500 SF and is occupied by a single tenant, Goodwill Industries who has a lease expiration of 4/30/2023 but the tenant would consider vacating by 3/30/2022 . Building #2 is approximately 6,685 SF with a Veterinary Clinic occupying 2,593 SF with a lease expiration of 3/8/2022 and 4,092 SF of existing available space. There are 60 parking spaces. 7.26% Cap Rate based on proforma. You cannot buy a well-located property in Flagstaff and build for anywhere near $211 per SF due to cost of land and inflationary costs of development.

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    © 2021 Northern Arizona Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Maison DeBlanc Real Estate | My Home Group. Data last updated: 2021-09-17T23:14:17.967.
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    963 W Rte 66 Flagstaff, AZ 86001

    • Price: $3,840,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 183696
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.63
    Acres
    18,185
    SQFT
    $211
    $/SQFT
    2000
    Built
    Neighborhood:
    157 - Milton Commercial
    County:
    Coconino
    Area:
    157 - Milton Commercial
    Property Description
    Commercial property with two standalone buildings on 1.63 acres of HC (Highway Commercial) zoned land. Subject property is located on Route 66 near the Milton Road corridor of Flagstaff, AZ. Building #1 is approximately 11,500 SF and is occupied by a single tenant, Goodwill Industries who has a lease expiration of 4/30/2023 but the tenant would consider vacating by 3/30/2022 . Building #2 is approximately 6,685 SF with a Veterinary Clinic occupying 2,593 SF with a lease expiration of 3/8/2022 and 4,092 SF of existing available space. There are 60 parking spaces. 7.26% Cap Rate based on proforma. You cannot buy a well-located property in Flagstaff and build for anywhere near $211 per SF due to cost of land and inflationary costs of development.
    Exterior Features

    Location Freestanding Lot Street Imprvmnts CurbsPaved ParkingSt-Blacktop

    Property Features

    Construction One Story Down Payment Submit Leases 1 Yr. + Management Owner Net Op Inc $100000 - 499999 Property Sub Type Retail Building Sale Rent Sale Tax Year 2020 Taxes 45802.00 Terms Of Sale CashSubmit Util Pd By Tenant Cam's

    Listing provided courtesy of Mark T Belsanti of Da Vinci Realty.
    Listing information © 2021 Northern Arizona Association of Realtors, Inc.


    © 2021 Northern Arizona Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Maison DeBlanc Real Estate | My Home Group. Data last updated: 2021-09-17T23:14:17.967.
     
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