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101 S Milton Road

Flagstaff, AZ 86001
  • $3,300,000
  • STATUS: Active
  • ON SITE: 303 Days
  • MLS #: 6572079
$3,300,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,343
    SQFT
  • $618
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1964
County:
Area:

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. 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

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Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Patty LaBenske | eXp Realty. Data last updated 2024-04-20T13:47:06.373.
www.phoenixonlinehomesearch.com/homes/140848573
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101 S Milton Road Flagstaff, AZ 86001

  • Price: $3,300,000
  • Status: Active
  • On Site: 303 Days
  • MLS #: 6572079
0
Beds
0
Baths
0
½ Baths
0.37
Acres
5,343
SQFT
$618
$/SQFT
1964
Built
Neighborhood:
Flagstaff Townsite
County:
Coconino
Area:
Flagstaff
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
Exterior Features

Attached Garage YN No Construction Materials Block Covered Spaces 0 Open Parking Spaces 10 Parking Features Paved ParkingFree Road Surface Type AsphaltCurb(s) & Gutter(s)Sidewalk(s)Alley Roof Rolled/Hot Mop

Interior Features

Cooling Office EvapCentral A/C

Property Features

Flooring CarpetVinyl Gross Income 160290 Ownership Fee Simple Sewer Public Sewer Structure Type Commercial Tax Annual Amount 4072 Tax Year 2022 Water Source City Franchise Zoning HC

Arizona Regional MLS logo Listing provided by Da Vinci Realty, LLC: .


Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Patty LaBenske | eXp Realty. Data last updated 2024-04-20T13:47:06.373.
 
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Patty LaBenske | eXp Realty
14301 N. 87th St. Suite 215
Scottsdale AZ, 85260