$1,260,000
$1,110,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/28/2024
Key Details
Sold Price $1,260,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Commercial Only
MLS Listing ID 535331
Sold Date 03/28/24
Year Built 1991
Annual Tax Amount $10,167
Tax Year 2023
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Classic office space in Historic Downtown Flagstaff near the courts, City Hall,
Flagstaff Medical Center, local restaurants, and retail establishments. This recently
remodeled 3,820 square foot two-story building is prime for professionals in the
heart of the City of Flagstaff. The space is made up of private offices, two
bathrooms on first floor and one bathroom on second floor, 2 break areas,
conference room, and lobby. Space can easily be used in combination or separated
for two different users.
Cap Rate and NOI are projected using market monthly rent of $1.88/SF NNN.
Current tenant, Ardurra, occupies the space at below market rent. Ardurra's lease
expires 12/31/2024 but may consider vacating sooner.
Location
State AZ
County Coconino
Community Commercial Only
Area Coconino
Zoning CC
Direction San Francisco Street north to Dale and east to the property.
Interior
Heating Natural Gas
Cooling Central Air
Flooring Vinyl
Exterior
Roof Type Composition
Private Pool No
Building
Sewer None, Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 10004002a
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Bought with Non-Member Office