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    963 W Route 66

    Flagstaff, AZ 86001
    • $3,840,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 6271999
    UPDATED: 94 min ago
    $3,840,000
    • 0
      BEDS
    • 1.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,185
      SQFT
    • $211
      $/SQFT
    Type:
    Commercial
    Built:
    2000
    County:
    Area:

    School Ratings & Info

    Description

    Commercial property with two standalone buildings on 1.63 acres of HC (Highway Commercial) zoned land. Subject property is located on Route 66 near the Milton Road corridor of Flagstaff, AZ. Building #1 is approximately 11,500 SF and is occupied by a single tenant, Goodwill Industries who has a lease expiration of 4/30/2023 but the tenant would consider vacating by 3/30/2022 . Building #2 is approximately 6,685 SF with a Veterinary Clinic occupying 2,593 SF with a lease expiration of 3/8/2022 and 4,092 SF of existing available space. There are 60 parking spaces. 7.26% Cap Rate based on proforma. You cannot buy a well-located property in Flagstaff and build for anywhere near $211 per SF due to cost of land and inflationary costs of development.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2021-09-24T00:12:05.603.
    www.herfelopenshaw.com/homes/119887116
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    963 W Route 66 Flagstaff, AZ 86001

    • Price: $3,840,000
    • Status: Active
    • Updated: 94 min ago
    • MLS #: 6271999
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.63
    Acres
    18,185
    SQFT
    $211
    $/SQFT
    2000
    Built
    County:
    Coconino
    Area:
    Flagstaff
    Property Description
    Commercial property with two standalone buildings on 1.63 acres of HC (Highway Commercial) zoned land. Subject property is located on Route 66 near the Milton Road corridor of Flagstaff, AZ. Building #1 is approximately 11,500 SF and is occupied by a single tenant, Goodwill Industries who has a lease expiration of 4/30/2023 but the tenant would consider vacating by 3/30/2022 . Building #2 is approximately 6,685 SF with a Veterinary Clinic occupying 2,593 SF with a lease expiration of 3/8/2022 and 4,092 SF of existing available space. There are 60 parking spaces. 7.26% Cap Rate based on proforma. You cannot buy a well-located property in Flagstaff and build for anywhere near $211 per SF due to cost of land and inflationary costs of development.
    Exterior Features

    Construction Block Covered Parking Spaces 0.00 Fencing None Parking FreePaved Parking Roofing Rolled Stories 1 Story Total Parking Spaces 60.00 Uncovered Parking Spaces 60.00

    Interior Features

    Ceiling Height 10.1 Feet To 12 Feet14.1 Feet To 16 Feet Cooling Central A/C Flooring CarpetCeramic TileConcrete Heating Natural Gas Interior Features Finished

    Property Features

    Adjusted Gross Inc 351036.56 Building Type CommercialDistribution/WarehseOffice Current Use OtherRetail Electric City Electric Gas City Gas Gross Annual Sch Inc 351036.56 Hoa Fee 0.00 Hoa YN No Loading Facilities Other (See Remarks) Lot Number 1 Net Operating Income 278817.50 Operating Exp 45802.00 Other Income 0.00 Ownership Fee Simple Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Taxes 45802.00 Vacancy Allowance 0.00 Water City Franchise Zoning Highway Commerc

    Listing courtesy of Da Vinci Realty, Llc.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2021-09-24T00:12:05.603.
     
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    Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group
    830 S Higley Rd
    Gilbert AZ, 85296