622 Route 66Flagstaff, AZ 86001
- Retail properties
- 1,261 SF
Property Details for 622 Route 66
- Year built
- 1949
- Lot size
- 0.04 AC
- Property size (Sq ft)
- 1,261 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
- APN
- 104-15-002
- APU
- 10415002
Description
This exceptional single-tenant retail property, located at 622 E Rte 66 in Flagstaff, Arizona, presents a unique investment opportunity. Built in 1960, the building boasts a total of 3,222 square feet situated on a high-traffic section of the legendary Route 66. The property's single-story design offers convenient access and visibility. The building itself is categorized as both retail and special purpose, making it suitable for a variety of uses, including restaurants. The current tenant occupies 1,550 square feet, leaving potential for expansion or additional income streams. Located in Coconino County, Arizona, with a zip code of 86001, this property benefits from its prime location in Flagstaff, a vibrant city attracting significant tourism and local commerce. The property's strategic placement on Route 66 ensures high visibility and accessibility for customers. This is a rare chance to acquire a piece of Americana with significant commercial potential. The property's single-tenant occupancy simplifies management, while the versatile nature of the space allows for adaptability to various business models. The building's age presents an opportunity for renovation and modernization to further enhance its value and appeal. This property is ideal for investors seeking a strong return on investment in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $297,168
- 6.5%
- $274,309
- 7%
- $254,716
-
Comparable approach
- Method
- Valuation
- Relative Method
- $489,846
- Geo Method
- $489,846
-
Alternative Use
- Use
- Valuation
- Residential
- $231,390
- Hospitality
- $211,952
- Educational
- $176,342
- Medical
- $182,406
- Retail
- $274,309
Location Insight
- City
- Flagstaff
- County
- Coconino
- State
- Arizona
- Latitude
- 35.1954
- Longitude
- -111.641
- CBSA code
- 22380
- CBSA name
- FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].