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    740 University Heights Dr Flagstaff, AZ 86005

    For Sale
    $699,000

    One-acre wooded lot, prime Flagstaff location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional one-acre commercial lot, priced at $699,000, presents a unique development opportunity in Flagstaff, Arizona. Located at 740 W University Heights Dr S, 86005, this property is zoned High Density Residential (HR), ideal for medium to high-density multi-family residential projects such as apartment complexes or condominiums. Situated on the west side of Flagstaff, it enjoys a prime location within a mile of Northern Arizona University and close proximity to major services. The lot is beautifully wooded, offering an attractive setting for future development. All utilities are conveniently located on the property. While the exact parcel location needs to be determined, the buyer will be responsible for the lot split and obtaining a necessary survey. This presents a rare chance to acquire a substantial, well-situated parcel in a thriving Flagstaff neighborhood, within easy walking distance of Northern Arizona University. The property was previously part of the Church of the Resurrection property, located at the corner of S. Beulah Blvd. and University Heights Drive S.

    Property Features for 740 University Heights Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Utilities included on‑site.
    • Excellent Flagstaff location.
    • Mature landscaping on a large lot.
    • Walkable to Northern Arizona University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.6630914
    Latitude
    35.0832326

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    FAQs

    What type of property is this?
    Land - One-acre wooded lot, prime Flagstaff location.
    Where is this land located?
    The property is located at 740 University Heights Dr Flagstaff, AZ.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Utilities included on-site.; Excellent Flagstaff location.; Mature landscaping on a large lot.
    (928) 440-5450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    740 University Heights Dr Flagstaff, AZ 86005
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