1250 Plaza WayFlagstaff, AZ 86001

Property Details for 1250 Plaza Way

Year built

1984

Construction

CONCRETE

Lot size

0.85 AC

Property size (Sq ft)

8,000 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

103-20-062A

APU

10320062A

Description

This exceptional 2,400 square foot retail end cap space is located at 1250 S Plaza Wy, Flagstaff, AZ 86001, in the West Flagstaff Commercial submarket. Situated in a Class B, single-story building (total 4,200 sqft) built in 2010 and renovated in 2010, this property offers a prime location on the busy S. Plaza Way corridor, directly across from the West Safeway Shopping Center. The 0.85-acre lot provides ample surface parking with 50 spaces and multiple building entrances. The space, previously occupied by a medical tenant, is highly adaptable and features a built-in freezer/walk-in unit, making it suitable for various uses, including restaurants, retail, and office spaces. The zoning is HC, and the APN is 10320062A. Power is supplied by APS. This property presents a unique opportunity to establish a business in a high-visibility location with significant foot traffic and convenient parking. The space is currently vacant and readily available for immediate occupancy. The competitive base rent makes this an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,282,507

  6.5%

  $1,183,853

  7%

  $1,099,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,233,200

  Geo Method

  $1,233,200

• Alternative Use

  Use

  Valuation

  Residential

  $1,467,978

  Hospitality

  $1,344,660

  Educational

  $1,118,741

  Medical

  $1,157,216

  Retail

  $1,740,264

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.1881

Longitude

-111.663

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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