3506 Route 66Flagstaff, AZ 86004

Property Details for 3506 Route 66

Year built

1990

Construction

CONCRETE

Lot size

10.55 AC

Property size (Sq ft)

24,988 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

108-06-005G

APU

10806005G

Description

Park Santa Fe, located at 3506 E Rte 66 in Flagstaff, Arizona (zip code 86004), presents a unique retail investment opportunity. This prominent retail center boasts a total of 93,879 square feet situated on a substantial 459,580 square foot lot in Coconino County. The property is categorized as an outparcel/pad, strip center, and big box retail space, offering significant flexibility for various tenants. Currently, there are two available spaces ranging in size from 3,000 square feet to 25,000 square feet, ideal for businesses seeking high visibility and accessibility. The center's location on the historic Route 66 ensures high traffic volume and exposure to a diverse customer base. This prime location in Flagstaff, Arizona offers a thriving market with significant potential for growth and return on investment. The property's multiple tenancy structure provides a diversified income stream, making it an attractive option for investors seeking a stable and profitable asset. The expansive lot size allows for ample parking and potential for future expansion or development. This is an exceptional opportunity to acquire a well-positioned retail property in a desirable location. Serious inquiries are encouraged to explore this compelling investment prospect further.

• CAP approach

  CAP return

  Valuation

  6%

  $5,257,710

  6.5%

  $4,853,270

  7%

  $4,506,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,005,980

  Geo Method

  $4,005,980

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,213,700

  Mixed-Use / Specialty

  $4,533,140

  Hospitality / Lodging

  $2,931,560

  Office

  $4,190,800

  Institutional / Educational

  $4,604,410

  Residential Income

  $5,387,160

  Multifamily

  $8,139,870

  Automotive / Energy

  $3,946,640

  Parking / Income-Based Land

  $1,661,120

  Restaurant / Food Service

  $1,711,440

  Healthcare / Senior Housing

  $4,959,190

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.2154

Longitude

-111.598

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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