963 W ROUTE 66, Flagstaff, AZ 86001 (MLS# 6318474)

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

Overview

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.

Listing Details MLS# 6318474

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: US
County Code: Coconino
Assessor Number: 103-03-013-N
Tax Year: 2021

Contract Info

Ownership: Fee Simple

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.

Status Change Info

Off Market Date: 2022-04-18
Under Contract Date: 2022-04-14
Close of Escrow Date: 2022-05-05

Legal Info

Township: 21N
Range: 07E
Section: 21
Lot Number: -

More Information

Bay Info

# of Bays: Yes
# of Bay Doors: Yes
Bay Door Height: 10

Income Expenses

Gross Annual Sch Inc: 215400
Net Operating Income: 190160

Sold Info

Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

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