6657 Az-179Sedona, AZ 86351

Property Details for 6657 Az-179

Year built

1990

Lot size

6.52 AC

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Sedona

County

Yavapai

State

Arizona

Latitude

34.7778

Longitude

-111.762

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