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6657 Az-179Sedona, AZ 86351

Prime Sedona Retail Center, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 5-building, 6.52-acre shopping center in Sedona, Arizona, presents a compelling value-add investment opportunity. Located at a high-traffic hard corner on SR-179, the property boasts excellent visibility and is anchored by a brand-new Element by Westin hotel. The 53,304 square foot center, built in 1990 and renovated in 2019, features a strong tenant roster including Verizon and Famous Footwear, all under long-term leases, generating a substantial net operating income (NOI) of $1,100,000. Significant upside potential exists through leasing the remaining vacant space and the development or ground lease of a 3-acre parcel on the east side of the property, which offers potential for a drive-thru. The property is zoned commercial and has a Yavapai County APN of 405-41-077-M. With over 800 hotel rooms within 1.5 miles, this property benefits from a robust tourism-driven market and offers a unique blend of established tenants and future development possibilities. This is a rare chance to acquire a well-positioned retail center in the heart of Sedona's vibrant commercial landscape.

Highlights

  • High-visibility corner lot with excellent street visibility.
  • Anchored by a new Element by Westin hotel.
  • Recently renovated in 2019.
  • Significant upside potential: lease up remaining space and/or develop/ground lease the 3-acre east parcel (drive-thru potential).
  • High-traffic location on SR-179.
  • Strong tenant roster including Verizon and Famous Footwear on long-term leases.

Property Details for 6657 Az-179

Property type
Lifestyle centers, Power centers
Year Built/Renovated
1990/2019
Buildings
5
Stories
1
Lot Size (sq. ft)
284,011 SF

Location Insight

City
Sedona
County
Yavapai
State
Arizona
Latitude
34.7777585
Longitude
-111.7618455
6657 Az-179, Sedona, Arizona

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6657 Az-179
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