101 San Francisco StFlagstaff, AZ 86001

Property Details for 101 San Francisco St

Year built

1964

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

4,289 SF

Property type

Retail space

APN

103-08-011A

APU

10308011A

Description

This exceptional downtown Flagstaff business opportunity encompasses a 5,000 square foot space, ideally suited for a bar and restaurant. Previously operating as The Mayor Kitchen-Bar-Rooftop, this property boasts a fully equipped kitchen, two bars, dedicated dining areas, and a unique event space. A significant advantage is the inclusion of all furniture, fixtures, and equipment (FF&E), minimizing start-up costs for the new owner. The property also features the only rooftop patio and bar in Flagstaff, offering unparalleled views and ambiance. This location holds a rich history, having previously housed the popular Mad Italian restaurant. Less than five years ago, the current occupant completed a comprehensive renovation and update, resulting in a well-maintained and modern space. Detailed plans from this recent overhaul are available for review. The layout is versatile and adaptable to a range of culinary and beverage concepts, potentially allowing for a continuation of the existing format or a fresh, innovative approach. This is a rare opportunity to acquire a fully operational, high-visibility establishment in the heart of Flagstaff's vibrant downtown area. The asking price is $100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $902,445

  6.5%

  $833,026

  7%

  $773,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $687,595

  Geo Method

  $687,595

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,753,110

  Mixed-Use / Specialty

  $778,079

  Hospitality / Lodging

  $503,180

  Office

  $719,319

  Institutional / Educational

  $790,312

  Residential Income

  $924,665

  Multifamily

  $1,397,150

  Automotive / Energy

  $677,410

  Parking / Income-Based Land

  $285,119

  Restaurant / Food Service

  $293,755

  Healthcare / Senior Housing

  $851,208

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.1952

Longitude

-111.649

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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