Homes for sale - 101 S MILTON Road, Flagstaff, AZ 86001

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Lora Mwaniki-Lyman

lora.mwaniki-lyman197019+inactive@exprealty.com +1(520) 780-9070

$ 2,564,640

Est. payment | -/mo

0.37 Acres Lot

Save

$ 2,564,640

Est. payment | -/mo

Save

0.37 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Flagstaff Townsite

MLS Listing ID 6572079

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1964

Annual Tax Amount $4,072

Tax Year 2022

Lot Size 0.370 Acres

Acres 0.37

Property Description

Stand alone retail building on desirable Milton Corridor in Flagstaff directly across from Northern Arizona University and The Jack, a 591 bed student housing apartment complex. This property has over 140 feet of frontage on Milton Rd. An additional 7,000 square feet of improvements could be developed on the property (buyer to verify with the City of Flagstaff). Building is 100% occupied by long-time tenants. 4.86 % Cap Rate based upon projected market rents of $2.50 per square foot NNN. Landlord has the right to ''Buy Out'' upon sale of the property per the leases. Location, Location, Location!
3 parcels-100-37-003B, 100-37-004A, & 100-37-005

Location

State AZ

County Coconino

Community Flagstaff Townsite

Zoning HC

Direction Property is located on the desirable Milton Road Corridor across from Northern Arizona University in Flagstaff, AZ. Walking distance to multiple retailers, restaurants, bus and train stations.

Interior

Heating Natural Gas

Cooling Office Evap, Central A/C

Flooring Carpet, Vinyl

Exterior

Parking Features Paved Parking, Free

Fence Chain Link

Roof Type Rolled/Hot Mop

Present Use Retail PAD

Total Parking Spaces 10

Building

Dwelling Type Commercial

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 100-37-004-A

Listed by Da Vinci Realty, LLC

101 S MILTON Road Flagstaff, AZ 86001