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

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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