1647 S PLAZA Way, Flagstaff, AZ 86001 - MLS #6245822

images$5,200,000 images******** Beds

images******** Bath images32,017 sqft images1986

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Description

Excellent investment opportunity. This 32,017 SF building is on 2.6 acres located on the west side of town across the street from Home Depot and near newly expanding residential areas. The building is 93% leased. Light industrial zoning allows for many quiet and clean uses. See Flagstaff Zoning Code here: https://www.codepublishing.com/AZ/Flagstaff/html/Flagstaff10/Flagstaff1040030.html#10.40.30.050

Property Features
Building Type: Commercial; Industrial
Business Type: Mixed
Stories: 1 Story
Construction: Metal
Roofing: Other
Floors: Other
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Fencing: None
Parking Features: Free; Paved
Electric: City Electric
Gas: City Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Contract Info
Current Price: $5,200,000
Sold Price: $5,200,000
Status: Closed
List Date: 2021-05-26
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: C79
House Number: 1647
Compass: S
Street Name: PLAZA
St Suffix: Way
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Zip4: 7102
County Code: Coconino
Subdivision: WOODLANDS VILLAGE UNIT 1
Assessor Number: 112-24-007
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 32017
# of Buildings: 1
Year Built: 1986
Uncvrd Parking Spcs: 10
Zoning: Lt industrial
Remarks Misc
Directions: On S Plaza Way between S Woodlands Village Blvd and S Yale St
Geo Lat: 35.186373
Geo Lon: -111.66759
Status Change Info
Off Market Date: 2022-01-17
Under Contract Date: 2021-12-01
Close of Escrow Date: 2021-12-29
Sold Price: $5,200,000
Legal Info
Township: 21N
Range: 07E
Section: 20
Lot Number: 7
Income Expenses
Gross Annual Sch Inc: 526578
Net Operating Income: 351558
Sold Info
Loan Type: Exchange
Payment Type: Other
Clsing Cost Split: Buyer - B
Buyer Concession $/%: $
Seller Concession $/%: $