450- Jordan RdSedona, AZ 86336

Property Details for 450- Jordan Rd

Year built

1974

Lot size

0.50 AC

Property size (Sq ft)

21,780 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional mixed-use property in Sedona, Arizona presents a compelling redevelopment opportunity. Located at 450-452 Jordan Rd, this 0.5-acre lot encompasses two buildings totaling 21,780 square feet, constructed in 1974 and renovated between 2022 and 2024. The property features 18 units across two stories, currently operating at 50% occupancy. The asking price is $2,195,000, translating to $250 per square foot. The property is zoned Commercial (CO) and includes ample parking with 140 spaces. The existing structure offers a multi-tenant configuration with nine current tenants under a NNN lease. This Class C property presents significant potential for value enhancement through strategic redevelopment. The property's location in the vibrant Uptown Sedona area offers exceptional visibility and access to a thriving tourism market. The permitted zoning allows for a wide range of uses, including but not limited to multifamily residential (long-term and short-term rental options), office space, and various commercial ventures. This is a rare opportunity to acquire a substantial mixed-use asset in a highly desirable location with significant upside potential. The property's existing infrastructure and recent renovations provide a solid foundation for future development and expansion.

Location Insight

City

Sedona

County

Coconino

State

Arizona

Latitude

34.8733

Longitude

-111.761

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