4751 Marketplace DrFlagstaff, AZ 86004

Property Details for 4751 Marketplace Dr

Year built

2015

Lot size

41.11 AC

Property size (Sq ft)

72,860 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

113-82-014

APU

11382014

Description

This exceptional retail opportunity in Flagstaff, Arizona, presents 35,000 square feet of vacant space within a two-story building situated at 4751 E Marketplace Dr, 86004. The property is ideally located in Coconino County, offering excellent visibility and high traffic counts due to its proximity to a newly developed Harkins 16-screen theater. Multiple tenancy options are available, with spaces ranging from a minimum of 5,000 contiguous square feet to a maximum of 12,000 contiguous square feet. The property is suitable for a variety of retail uses and presents a unique chance for businesses seeking a prominent location on the east side of Flagstaff. Ground leases and build-to-suit options are available, providing flexibility for potential tenants to tailor the space to their specific needs. The site's strategic placement offers significant potential for a two-store market, capitalizing on the high volume of foot traffic generated by the adjacent entertainment complex and the overall vibrancy of the area. This is a rare opportunity to establish a strong retail presence in a thriving Flagstaff market.

• CAP approach

  CAP return

  Valuation

  6%

  $17,170,238

  6.5%

  $15,849,451

  7%

  $14,717,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,303,050

  Geo Method

  $28,303,050

• Alternative Use

  Use

  Valuation

  Residential

  $13,369,605

  Hospitality

  $12,246,486

  Educational

  $10,188,933

  Medical

  $10,539,346

  Retail

  $15,849,451

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.2229

Longitude

-111.574

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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