2109 Cedar AveFlagstaff, AZ 86004

Property Details for 2109 Cedar Ave

Year built

1950

Construction

STEEL FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,800 SF

Property type

Commercial real estate

APN

109-08-162

APU

10908162

Description

This exceptional Flagstaff investment opportunity encompasses three parcels totaling 23,441 square feet (0.54 acres) strategically located at 2109 E. Cedar Avenue, 3008 North Main Street, and 3012 North Main Street. The main parcel, 2109 E. Cedar Avenue, features a substantial commercial building of approximately 2,200 square feet (2,280 square feet per appraisal) situated on a 7,233 square foot lot. This building presents immediate income potential or the opportunity for extensive renovation and repositioning. The remaining two parcels, 3008 and 3012 North Main Street, comprise approximately 16,208 square feet of land and include two older storage buildings totaling approximately 2,652 square feet. These buildings offer versatile options for redevelopment, expansion, or continued use as storage. The combined asking price for all three parcels is $875,000. However, the owner is open to selling the parcels individually. The 2109 E. Cedar Avenue parcel is offered at $525,000, while the 3008 and 3012 North Main Street parcels are priced at $425,000. Furthermore, the owner may consider owner financing with a one-third cash down payment. This presents a unique opportunity for investors seeking a diverse portfolio or a single, strategically located property in a thriving Flagstaff market.

• CAP approach

  CAP return

  Valuation

  6%

  $327,039

  6.5%

  $301,882

  7%

  $280,319

• Comparable approach

  Method

  Valuation

  Relative Method

  $277,470

  Geo Method

  $277,470

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $735,742

  Retail / Commercial

  $349,603

  Mixed-Use / Specialty

  $326,543

  Hospitality / Lodging

  $211,173

  Office

  $301,882

  Institutional / Educational

  $331,677

  Residential Income

  $388,062

  Multifamily

  $586,352

  Automotive / Energy

  $284,294

  Parking / Income-Based Land

  $119,658

  Restaurant / Food Service

  $123,283

  Healthcare / Senior Housing

  $357,233

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.2178

Longitude

-111.618

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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