Address
101 S MILTON Road, Flagstaff, AZ
Price
$ 3,300,000
Property Attributes
  • MLS#6572079
  • TypeCommercial
  • CountyCOCONINO
  • CityFlagstaff
  • NeighborhoodFLAGSTAFF TOWNSITE
  • Zip86001
  • StyleComm/Industry Sale
  • Year Built1964
  • Taxes$ 4072
  • Price$ 3,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5343
  • Lot Size0.37 Acres
Data Source:
Arizona Regional MLS (ARMLSN)
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

Price History
6/23/2023 Listed $3,300,000

General Features

Sewer Public Sewer
Heating Natural Gas
Cooling Office Evap,Central A/C
Roof Rolled/Hot Mop
Zoning HC
Construction Materials Block
Year Built 1964
Electric APS
Township 21N
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 160290.0
Business Type Retail PAD
County Coconino
Net Operating Income 160271.0
Property Type Comm/Industry Sale
Attached Garage No
Subdivision Name FLAGSTAFF TOWNSITE
Building Features Showroom,Display Window(s)
Status Active
Directions 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.
City Flagstaff
Buyer Agent Compensation 3.00
Disclosures Other (See Remarks)
View Y/N No
Open Parking Spaces 10.0
Lot Size Square Feet 16117.0
Carport Y/N No
Street Name MILTON
Tax Annual Amount 4072.0
Lease Renewal Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 332
Structure Type Commercial
Standard Status Active
Occupancy Type Tenant
Tax Lot 17-23
Cap Rate 4.86
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Carpet,Vinyl
Street Suffix Road
Electric On Property Y/N No

Exterior Features

Fencing Chain Link
Parking Features Paved Parking,Free
Water Source City Franchise
Total Parking 10.0
Lot Size Area 16117.0
Number of Buildings 1
Spa No
Lot Size Acres 0.37
Road Surface Type Asphalt,Curb(s) & Gutter(s),Sidewalk(s),Alley
Lot Size Units Square Feet
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 86001

Price
AVG $1.11M
$3.3M
Taxes
AVG $15,208
$4,072
Visits
AVG 34
93
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1964
Walkscore
AVG 84
92
Data Provided by Walkscore® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover