963 W Route 66, Flagstaff, AZ, 86001

963 W Route 66 Flagstaff, AZ 86001

963 W Route 66, Flagstaff, AZ, 86001
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FOR SALE FOR LEASE
Property Type:
Strip Center
Amount:
$3,840,000
Last Verified:
Aug 31, 2021

Highlights


Description

Commercial property with two standalone buildings on 1.63 acres of HC (Highway Commercial) zoned land. Subject property is located on Route 66 near the Milton Road corridor of Flagstaff, AZ. Building #1 is approximately 11,500 SF and is occupied by a single tenant, Goodwill Industries who has a lease expiration of 4/30/2023 but the tenant would consider vacating by 3/30/2022 . Building #2 is approximately 6,685 SF with a Veterinary Clinic occupying 2,593 SF with a lease expiration of 3/8/2022 and 4,092 SF of existing available space. There are 60 parking spaces. 7.26% Cap Rate based on proforma. You cannot buy a well-located property in Flagstaff and build for anywhere near $211 per SF due to cost of land and inflationary costs of development.

4,092 SF space for lease in retail building. The space has two private offices/rooms, a third large room with double doors, a kitchenette, two ADA bathrooms, and a lobby area. Open floor plan and easy to reconfigure. Modern finishes with tile and carpet throughout. Plentiful parking and 2 main entrance doors. Existing tenants in the complex include Goodwill and Westside Veterinary Clinic.

The property is on W Route 66, northeast of W Riordan Rd, near the S Milton Rd corridor.


Year Built: 2000
Building Size: 18185sq ft
Lot Size: 1.63 acres

Units for Lease

963 W Rte 66
Space Available: 4092 SF
Lease Type: NNN

Price Per Sqft/Year: $18.0

Map of 963 W Route 66, Flagstaff, AZ, 86001

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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