963 W ROUTE 66, Flagstaff, AZ 86001
$3,550,000
Property Type: Comm/Industry Sale Square Footage: 18,185 Lot Size (sq. ft.): 71,074 Status: Closed
Current Price: $3,550,000 List Date: 11/08/2021 Last Modified: 5/06/2022
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.
More Information MLS# 6318474
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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