Flagstaff, AZ 86001
- N/ABeds
- 0.00Total Baths
- 5,343SqFt
- 1964Year Built
- 0.37Acres
- 59 yearsEst Age
- MLS# 533425
- Commercial
- Commercial
- Active
- Approx Time on Market10 months, 6 days
- AreaOut of Area
- CountyCoconino
- SubdivisionCommercial Only
Overview
Stand alone retail building on desirable Milton Corridor in Flagstaffdirectly across from Northern Arizona University and The Jack, a 591bed student housing apartment complex. This property has over 140feet of frontage on Milton Rd. An additional 7,000 square feet ofimprovements could be developed on the property (buyer to verify withthe City of Flagstaff). Building is 100% occupied by long-time tenants atbelow market rents. 7.5 % Cap Rate based upon projected market rentsof $36.00 per square foot NNN. Landlord has the right to ''Buy Out'' uponsale of the property per the leases which would allow for buyer to bringrents to market rates. Location, Location, Location!
Building Info
Year Built: 1,964
Construction: Block
Floors: Other
Internal Amenities: None
Roof Materials: Rolled/Hot Mop
Type Building: 2 - 4 Units, Retail
Financial
Asking Price Text: $2,564,640
Lot Info
Acres: 0
Road Access Type: City, Paved
Misc Info
Pet Privileges: No
Commercial Amenities: None
External Amenities: Handicap Access
Parking Info
Parking Spaces: 10 - 19 Cars
Property Info
Class Type: Commercial
County: Coconino
Road Maintenance: City Maintained
Sale / Lease Info
Special Conditions: N/A
SqFt Info
Sqft: 5,343
Utilities / HVAC
Cooling: Evaporative Cooling, Refrigeration/Centrl
Heating: Forced Air
Utilities Included: Electricity, Natural Gas, Sewer (Public)
Water Heater: Electric
Courtesy of Da Vinci Realty
Copyright © Sedona Verde Valley Association of REALTORs®, Inc., 2010. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity(sm) Program. Real estate listings held by brokerage firms other than RE/MAX Sedona are marked with the BR logo and detailed information about them includes the name of the listing brokers. Only residential real estate listings are shown from the IDX database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any other purpose than to identify prospective properties consumers may be interested in purchasing. Information was last updated: 04-28-2024 7:00 PM EST .