518 Route 66Williams, AZ 86046

Property Details for 518 Route 66

Year built

1991

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

2,996 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

200-07-022

APU

20007022

Description

This unique .34-acre property at 518 E Rte 66 in Williams, Arizona, presents a compelling investment opportunity for both owner-occupiers and developers. Priced at $505,000, this versatile site offers a blend of existing improvements and significant development potential. Currently featuring a two-bedroom living space complete with a kitchen and full bathroom, the property also includes four office areas and a small reception area at the front. A fenced parking area provides ample space for clients or residents. The existing structure provides immediate income potential or a comfortable base for operations while planning future expansion. The zoning allows for mixed and alternative commercial uses, opening doors to a variety of possibilities, including a small motel, retail shops, apartments, or additional office space. The substantial remaining space on the lot offers considerable flexibility for future development to suit a wide range of business needs. The property requires 24-hour notice for showings and appointments are necessary. The seller will be present during showings. This is a rare chance to acquire a well-located commercial property in a thriving Arizona town with a multitude of potential uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $595,571

  6.5%

  $549,758

  7%

  $510,489

• Comparable approach

  Method

  Valuation

  Relative Method

  $715,842

  Geo Method

  $715,842

• Alternative Use

  Use

  Valuation

  Residential

  $549,758

  Hospitality

  $503,575

  Educational

  $418,968

  Medical

  $433,377

  Retail

  $651,729

Location Insight

City

Williams

County

Coconino

State

Arizona

Latitude

35.2523

Longitude

-112.182

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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