Restaurant Business with
New
For Sale
$320,000
116 S San Francisco Street, Flagstaff, AZ 86001
Business Opportunity, Flagstaff, AZ
Property Size1,108 SF
Price / SF$288.81
Days on Market2
Property Features for 116 S San Francisco Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Heading North towards Downtown Flagstaff on San Francisco St. Property is located on the right side of the street at 116 S San Francisco St.
Subdivision
145 - Flagstaff Townsite
Standard status
Active
APN
10308009
Size
1,108 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBDIVISION: NORMAL SCHOOL ADD BLOCK: 95 LOT: 15 SIXTEENTH: NE QUARTER: NE SECTION: 21 TOWNSHIP: 21N RANGE: 07E
Tax Annual Amount
455
Legal Description
SUBDIVISION: NORMAL SCHOOL ADD BLOCK: 95 LOT: 15 SIXTEENTH: NE QUARTER: NE SECTION: 21 TOWNSHIP: 21N RANGE: 07E
Listing Agency:
da Vinci Realty
(928) 779-3800
Listed By:
Mark T Belsanti · License #SA104226000
(928) 254-1770
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 6:06AM
MLS# 206244
Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering is the Korean restaurant business, not the real estate, at 116 S San Francisco Street in downtown Flagstaff. The 1,108-square-foot space includes a full-service kitchen, a prep area, customer seating, a bar and an outdoor patio. The restaurant is owner- and chef-managed.
The business has received a Restaurant Guru Award. Its existing layout combines food preparation and indoor and outdoor customer areas within the Flagstaff location.
The business has received a Restaurant Guru Award. Its existing layout combines food preparation and indoor and outdoor customer areas within the Flagstaff location.
Key Highlights
- Sale includes the restaurant business only; real estate is excluded
- 1,108 square feet with a full‑service kitchen and prep area
- Includes customer seating, a bar and an outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,317
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,340
$326.3K
Cap Rate 7%
$233,100
$233.1K
Cap Rate 9%
$181,300
$181.3K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$23.3K $21.00/SF
− Vacancy
−$1.5K −$1.37/SF
EGI
$21.8K $19.64/SF
− OpEx
−$5.4K −$4.91/SF
NOI
$16.3K $14.73/SF
Area
Coconino County, AZ
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,340
Cap Rate 7%
$233,100
Cap Rate 9%
$181,300
Alternative Uses
Best Use
Specialty Retail
$233.1K
$204.0K – $272.0K
NOI $16,317 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.3K
$268.0K – $357.4K
NOI $21,442 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,523
Businesses Nearby
160k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Apparel 25%
Shops & Services 9%
Hotels & Casinos 9%
Dutch Bros. Coffee
Dining
42,617 visits/mo
0.5 miles
Goodwill
Apparel
25,196 visits/mo
0.5 miles
REI
Apparel
15,386 visits/mo
0.5 miles
Dairy Queen
Dining
12,969 visits/mo
0.4 miles
Jack in the Box
Dining
12,358 visits/mo
0.4 miles
Demographics for 86001, AZ
37,093
Population
15,364
Households
2.4
Avg Household Size
27
Median Age
55%
College-Educated
96%
High-School Grad
290.4 sq mi
ZIP Area
128
Density / Sq Mi
$62,587
Median Household Income
$24,346
Median Earnings
$1,505
Median Rent
$570,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale covers the business, including a full-service kitchen, prep area, dining space, bar and outdoor patio.
Where is this conventional restaurant located?
The property is located at 116 S San Francisco Street Flagstaff, AZ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Sale includes the restaurant business only; real estate is excluded; 1,108 square feet with a full‑service kitchen and prep area; Includes customer seating, a bar and an outdoor patio
