101 Milton RdFlagstaff, AZ 86001

Property Details for 101 Milton Rd

Year built

1966

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

5,343 SF

Property type

Other commercial real estate

APN

100-37-004A

APU

10037004A

Description

This exceptional value-add investment opportunity presents a 5,343 square foot, three-tenant retail storefront located at 101/103/105 S Milton Rd, Flagstaff, AZ 86001. The property boasts a prime location on the desirable Milton Road Corridor, directly across from Northern Arizona University and a large student housing complex, offering over 140 feet of high-visibility frontage. Currently 100% occupied by long-term franchisee tenants, the property presents significant upside potential. The existing leases allow for a "buy-out" option upon sale, enabling the new owner to increase rents to market rates of $36.00 per square foot NNN, resulting in a projected 7.5% capitalization rate based on a pro-forma NOI of $192,348. Built in 1964, this single-story building sits on a 0.37-acre lot zoned Highway Commercial (HC). The asking price is $2,564,640, translating to $480 per square foot. Further development potential exists, with the possibility of adding up to 7,000 square feet of improvements (buyer to verify with the City of Flagstaff). This property offers a compelling combination of strong location, stable tenancy, and significant upside potential, making it an ideal addition to any investment portfolio. APN: 100-37-003B, 100-37-004A, & 100-37-005.

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.1966

Longitude

-111.655

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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