$3,550,000
963 W ROUTE 66
Flagstaff, AZ 86001
MLS# 6318474
Status: Closed



963 W ROUTE 66, Flagstaff, AZ 86001
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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
Current Price: $3,550,000
Sold Price: $3,550,000
Status: Closed
List Date: 2021-11-08
Ownership: Fee Simple
Sub Agent $/%: %
Buyer/Broker: Y
Buyer Broker $/%: %
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: USA
County Code: Coconino
Legal Description (Abbrev): SIXTEENTH: SW QUARTER: NW SECTION: 21 TOWNSHIP: 21N RANGE: 07E DESC AS FLLWS: BEG SE COR DKT 542 PG
Assessor's Map #: 3
Assessor's Parcel #: 13
Assessor Parcel Ltr: N
Add'l Parcels: No
Assessor Number: 103-03-013-N
Census Tract: 1102
Legal: SIXTEENTH: SW QUARTER: NW SECTION: 21 TOWNSHIP: 21N RANGE: 07E DESC AS FLLWS: BEG SE COR DKT 542 PG
Tax Municipality: Flagstaff
Taxes: 47113
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
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
Status Change Date: 2022-05-06
Off Market Date: 2022-04-18
Under Contract Date: 2022-04-14
Close of Escrow Date: 2022-05-05
Sold Price: $3,550,000
Legal Info
Township: 21N
Range: 07E
Section: 21
Lot Number: -
Bay Info
# of Bays: 1
# of Bay Doors: 1
Bay Door Height: 10
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 215400
Other Income: 56120
Adjusted Gross Inc: 271520
Net Operating Income: 190160
Pmt & Rate Info
Cap Rate: 5.02
Equity: 3790000
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Mixed Use; Service Business; 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 A/C
Loading Facilities: Other (See Remarks)
Interior: 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
Amenities: Conference Room; Computer Room; Display Window(s)
Parking: Free; Public Parking
Electric: APS; City Electric; 3 Phase Power
Gas: City Gas; Underground
Water: City Franchise
Sewer: Sewer - Public; Sewer - Available
Freeway/Highway: Frontage; Access
Showing Notification Methods: Phone Call
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
Roads/Streets: Asphalt
Traffic Count: Unknown
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Russ Lyon Sotheby's International Realty

Last Updated: May - 06 - 2022

963 W ROUTE 66, Flagstaff, AZ 86001 - MLS# 6318474
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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