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309 N Humphreys St 3,648 sq ft 100% Let Office Property Flagstaff, AZ 86001 £1,222,535 (£335.12/sq ft) 6.63% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Historic Downtown Flagstaff Location
- Large corner lot with Community commercial zoning.
- Large paved parking lot
EXECUTIVE SUMMARY
Discover this updated income property located on a high-profile corner lot in the heart of Historic Downtown Flagstaff. Wonderful Historic Downton property circa 1906 Lindemann House. Zoned Community Commercial with a variety of prior commercial uses. This property features five fine residences: 3 fully furnished and highly successful short term rentals (STR's) and 2 long term rentals - a 2 bedroom 1 bath penthouse apartment and a 1 bedroom 1 bath apartment. The STR's include a large studio apartment, a 2-bedroom, 1-bath apartment and a 1-bedroom, 1-bath apartment. Solid income with lots of additional possibilities. SELLER FINANCING is available to a qualified Buyer. Avoid expensive conventional lender fees. Seller prefers a Seller financed sale. A huge paved parking lot provides ample parking in the center of town. Prior commercial uses have included a retail running store, hair salon and attorney and engineering offices. Owner/Agent.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£81,004
|
£22.21
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Net Operating Income | |
|---|---|
| Annual | £81,004 |
| Annual Per sq ft | £22.21 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office / Residential
Property Size
3,648 sq ft
Costar Property Class
C
Year Built/Renovated
1943/2004
Price
£1,222,535
Price per sq ft
£335.12
Yield
6.63%
NOI
£81,004
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,824 sq ft
Plot ratio
0.33
Total Plot Size
0.25 ac
Use Class
CC - Community Commercial
Parking
13 Spaces (3.56 Spaces per 1,000 sq ft Leased)
AMENITIES
- Signage
- Outdoor Seating
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Hair Trends
- Service type
- -
- -
- -
- Sky Engineering
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Hair Trends | Service type | - | - | - | ||
| Sky Engineering | Professional, Scientific, and Technical Services | - | - | - |
1 1
Walk Score®
Excellent pedestrian access (91)
Bike Score®
Ideal For Cyclists (100)
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309 N Humphreys St
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