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Investment Highlights

  • Fully permitted, buildable set of plans
  • Existing building with some cashflow during construction
  • Located in prime downtown Flagstaff location

Executive Summary

Prime opportunity for investor or owner-user seeking ownership in highly sought after downtown Flagstaff market. Site includes four existing apartments in a historic building, and fully permitted, shovel-ready plans to develop six additional upscale residential units and 2,200 sq ft of ground-floor commercial. Plans include ample private parking lot on site and covered two-car garage for the 3rd floor penthouse. Located in the heart of downtown Flagstaff on Leroux and Phoenix, walking distance to dozens of local restaurants, NAU, etc.

Property Facts

Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.43 AC

1 Lot Available

Lot

Lot Size 0.43 AC

Fully permitted, shovel-ready plans on a half acre lot. Four existing historic residential apartments with approved plans for six additional upscale residential unit and 2,200 sq ft of ground floor commercial in the heart of downtown Flagstaff

Fairly walkable
40/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
  • Listing ID: 31836178

  • Date on Market: 5/16/2024

  • Last Updated:

  • Address: 7 W Phoenix Ave, Flagstaff, AZ 86001

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