$3,300,000
Flagstaff, AZ 86001
MLS# 6572079
1 / 5
Property Description
Stand alone retail building on desirable Milton Corridor in Flagstaff directly across from Northern Arizona University and The Jack, a 591 bed student housing apartment complex. This property has over 140 feet of frontage on Milton Rd. An additional 7,000 square feet of improvements could be developed on the property (buyer to verify with the City of Flagstaff). Building is 100% occupied by long-time tenants. 4.86 % Cap Rate based upon projected market rents of $2.50 per square foot NNN. Landlord has the right to ''Buy Out'' upon sale of the property per the leases. Location, Location, Location! 3 parcels-100-37-003B, 100-37-004A, & 100-37-005
Details
Maps
Documents
Contract Info
Current Price: $3,300,000
List Price: $3,300,000
Status: Active
List Date: 2023-06-21
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C79
House Number: 101
Compass: S
Street Name: MILTON
St Suffix: Road
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Zip4: 5516
Country: USA
County Code: Coconino
Legal Description (Abbrev): SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 1Y N 57 FT LOTS 17 TO 23 EXC THAT POR OF LOTS 21-23 DEEDED TO
Subdivision: FLAGSTAFF TOWNSITE
Assessor's Map #: 37
Assessor's Parcel #: 4
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 100-37-004-A
Census Tract: 1102
Legal: SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 1Y N 57 FT LOTS 17 TO 23 EXC THAT POR OF LOTS 21-23 DEEDED TO
Tax Municipality: Flagstaff
Taxes: 4072
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 5343
# of Buildings: 1
Year Built: 1964
Uncvrd Parking Spcs: 10
Zoning: HC
Remarks & Misc
Cross Street: Tucson
Directions: Property is located on the desirable Milton Road Corridor across from Northern Arizona University in Flagstaff, AZ. Walking distance to multiple retailers, restaurants, bus and train stations.
Geo Lat: 35.196587
Geo Lon: -111.654944
Status Change Info
Status Change Date: 2023-06-22
Legal Info
Township: 21N
Range: 07E
Section: 16
Lot Number: 17-23
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 160290
Adjusted Gross Inc: 160290
Net Operating Income: 160271
Pmt & Rate Info
Cap Rate: 4.86
Equity: 3300000
Contact Info
List Agent Home Phn: 928-779-3800
Property Features
Building Type: Commercial
Current Use: Retail PAD
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Vinyl; Carpet
Ceiling Height: 8 Feet or Less
Heating: Natural Gas
Cooling: Central A/C; Office Evap
Loading Facilities: None
Interior: Finished; Private Restrooms
Exterior: Corner Lot; Building Sign
Fencing: Chain Link
Amenities: Showroom; Display Window(s)
Parking: Free; Paved Parking
Electric: APS
Gas: Unisource
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Railroad: RlRd up to 1 Mile
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Projected Proforma
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Reports/Disclosures: Other (See Remarks)
Environmental: None
Unbranded Floorplan 
Survey 
Listing Office: Da Vinci Realty, LLC
Last Updated: January - 23 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.