824 Route 66Flagstaff, AZ 86001

Property Details for 824 Route 66

Year built

2017

Lot size

4.81 AC

Property size (Sq ft)

183,848 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

103-01-003A

APU

10301003A

Description

This Class A, 16,000 square foot multi-tenant property, located at 824 W Rte 66, Flagstaff, AZ 86001, offers a unique opportunity. Built in 2018 and renovated the same year, this two-building complex boasts five stories and features 1,500 square feet of immediately available space, with a maximum contiguous space of 1,500 square feet. The property is zoned HC and has an APN of 10301003A. The building offers a 12-foot ceiling height and is served by APS power. With 56 parking spaces, ample parking is available for tenants and their clients. The convenient location on Old Route 66 provides excellent visibility and accessibility. The property includes elevators. This versatile space is ideal for a variety of uses, including creative office, medical office, executive office, traditional office, retail, or restaurant. The current vanilla shell condition allows for complete customization to suit your business needs. Located in a thriving area with existing tenants such as Urban Shave, Benchmark Mortgage, Evolve Physical Therapy, and Brown Bag Burger, this space offers a unique opportunity to be part of a vibrant community. The 4.8 acres of land provide ample space and potential for future expansion. Taxes are $5 per square foot. Flexible lease terms are available. Don't miss this chance to establish your business in a prime Flagstaff location.

• CAP approach

  CAP return

  Valuation

  6%

  $36,546,888

  6.5%

  $33,735,592

  7%

  $31,325,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,927,264

  Geo Method

  $43,927,264

• Alternative Use

  Use

  Valuation

  Residential

  $33,735,592

  Hospitality

  $30,901,620

  Educational

  $25,709,784

  Medical

  $26,593,984

  Retail

  $39,993,000

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.1929

Longitude

-111.663

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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