101 S MILTON Road Active Save Request In-Person Tour Request Virtual Tour
Flagstaff,AZ 86001
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Flagstaff Townsite
MLS Listing ID 6572079
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1964
Annual Tax Amount $4,072
Tax Year 2022
Lot Size 0.370 Acres
Acres 0.37
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
Location
State AZ
County Coconino
Community Flagstaff Townsite
Zoning HC
Direction 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.
Interior
Heating Natural Gas
Cooling Office Evap,Central A/C
Flooring Carpet,Vinyl
Exterior
Garage Paved Parking,Free
Fence Chain Link
Roof Type Rolled/Hot Mop
Present Use Retail PAD
Total Parking Spaces 10
Building
Dwelling Type Commercial
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 100-37-004-A