963 W Route 66, Flagstaff, AZ, 86001
963 W Route 66
Flagstaff, AZ 86001
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.
Units for Lease
Price Per Sqft/Year: $18.0