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101 S Milton Rd

Flagstaff, AZ 86001
  • $2,564,640
  • STATUS: Active
  • ON SITE: 304 Days
  • MLS #: 533425
$2,564,640
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

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 at below market rents. 7.5 % Cap Rate based upon projected market rents of $36.00 per square foot NNN. Landlord has the right to ''Buy Out'' upon sale of the property per the leases which would allow for buyer to bring rents to market rates. Location, Location, Location!

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© 2024 Sedona Verde Valley Association of Realtors. All rights reserved.
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101 S Milton Rd Flagstaff, AZ 86001

  • Price: $2,564,640
  • Status: Active
  • On Site: 304 Days
  • MLS #: 533425
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1964
Built
Neighborhood:
Commercial Only
County:
Coconino
Area:
90 - Out Of Area
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 at below market rents. 7.5 % Cap Rate based upon projected market rents of $36.00 per square foot NNN. Landlord has the right to ''Buy Out'' upon sale of the property per the leases which would allow for buyer to bring rents to market rates. Location, Location, Location!
Exterior Features

Construction Block YN Yes Parking Features 10 - 19 Cars Road Frontage Type City Street Road Surface Type PavedCity Maintained

Interior Features

Building Area Total 5343 Cooling Evaporative CoolingCentral Air Flooring See Remarks Heating Forced Air Unit1 Baths 1 Unit1 Sq Ft 1781 Unit2 Baths 1 Unit2 Sq Ft 1781 Unit3 Baths 1 Unit3 Sq Ft 1781

Property Features

Association Fee2 0 Business Name Various Listing Terms Cash to New LoanCash Property Sub Type Commercial Special Listing Conditions N/A Tax Annual Amount 4072 Tax Year 2022 Zoning HC

Listing provided by da Vinci Realty: .


© 2024 Sedona Verde Valley Association of Realtors. All rights reserved.
 
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eXp Realty
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