$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
Maps
Contract Info
Ownership: Fee Simple
Current Price: $3,550,000
Sold Price: $3,550,000
Status: Closed
List Date: 2021-11-08
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): SIXTEENTH: SW QUARTER: NW SECTION: 21 TOWNSHIP: 21N RANGE: 07E DESC AS FLLWS: BEG SE COR DKT 542 PG
Assessor's Parcel #: 13
Assessor Parcel Ltr: N
Add'l Parcels: No
Tax Municipality: Flagstaff
Census Tract: 1102
Taxes: 47113
Legal: SIXTEENTH: SW QUARTER: NW SECTION: 21 TOWNSHIP: 21N RANGE: 07E DESC AS FLLWS: BEG SE COR DKT 542 PG
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
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
Uncvrd Parking Spcs: 60
Flood Zone: TBD
Year Built: 2000
Zoning: HC
Legal Info
Range: 07E
Section: 21
Township: 21N
Lot Number: -
Construction
Block: 1
Roofing
Rolled: 1
Metal: 1
Floors
Concrete: 1
Carpet: 1
Bay Info
# of Bays: 1
# of Bay Doors: 1
Bay Door Height: 10
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 56120
Vacancy Allowance: 0
Adjusted Gross Inc: 271520
Building Type
Commercial: 1
Business Type
Mixed: 1
Service Business: 1
Professional/Office: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.02
Equity: 3790000
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Ceiling Height
8 Feet or Less: 1
28.1 Feet or Over: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Smoke Detector(s): 1
Security System: 1
Security Light(s): 1
Phone System: 1
Private Restrooms: 1
Loading Facilities
Other (See Remarks): 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Landscaping: 1
Building Sign: 1
Monument Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
Access: 1
Building Features
Conference Room: 1
Computer Room: 1
Display Window(s): 1
Sewer
Sewer - Public: 1
Sewer - Available: 1
Parking Features
Free: 1
Parking Lot: 1
Electric
APS: 1
City Electric: 1
3 Phase Power: 1
Gas
City Gas: 1
Underground: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
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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