Ideal 1031 Exchange Opportunity. This property welcomes many different usages with the zoning and UNTAPPED POTENTIAL.
Ideal 1031 Exchange Opportunity. This property welcomes many different usages with the zoning and UNTAPPED POTENTIAL. Visit https://property.creop.com/4322 Parcel includes 26 S San Francisco ST, 30 S San Francisco ST and 109 E Phoenix Avenue. Located Blocks from NAU in the Heart of Downtown Flagstaff with Four Commercial Spaces, excellent exposure and tremendous street and foot traffic. Irreplaceable commercial real estate in Downtown Flagstaff Consisting of 3 Restaurants,all spaces have been fully redeveloped within the last four years including the installation of three new kitchens, bar, restrooms, electrical and HVAC. Occupied by 3 long term tenants with a high return. 7% cap potential.
The fourth building is currently an 1800 square foot open space that has potential to be redeveloped for Owner User or a fourth tenant that would increase the cap rate to approximately 7%. This is a very rare opportunity to own a multi tenant building with the potential for growth in the heart of Downtown. NAZ MLS #183427