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

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 $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes

Roofing

Rolled: Yes
Metal: Yes

Floors

Concrete: Yes
Carpet: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 56120
Vacancy Allowance: 0
Adjusted Gross Inc: 271520

Building Type

Commercial: Yes

Business Type

Mixed: Yes
Service Business: Yes
Professional/Office: Yes
Retail: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 5.02
Equity: 3790000
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Ceiling Height

8 Feet or Less: Yes
28.1 Feet or Over: Yes

Heating

Natural Gas: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Phone System: Yes
Private Restrooms: Yes

Loading Facilities

Other (See Remarks): Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Dual Street Ftg: Yes
Landscaping: Yes
Building Sign: Yes
Monument Sign: Yes
Security Light(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

Unknown: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Frontage: Yes
Access: Yes

Building Features

Conference Room: Yes
Computer Room: Yes
Display Window(s): Yes

Sewer

Sewer - Public: Yes
Sewer - Available: Yes

Parking Features

Free: Yes
Parking Lot: Yes

Electric

APS: Yes
City Electric: Yes
3 Phase Power: Yes

Gas

City Gas: Yes
Underground: Yes

New Financing

Other (See Remarks): Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Fixed: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

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