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    1487 Plaza Way Flagstaff, AZ 86001

    Sponsored
    For Sale
    $3,200,000

    Prime Flagstaff location, 4.21 acres, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.21-acre commercial land parcel presents a rare development opportunity in Flagstaff, Arizona. Strategically located at the southwest corner of a busy four-way intersection, the property enjoys high visibility and accessibility from West Route 66 and Milton Road. The site benefits from its proximity to the Safeway Plaza shopping center, numerous medical facilities, and various retail establishments, ensuring a strong customer base for a wide range of commercial uses. Zoned for both Light Industrial (3.49 acres) and Highway Commercial (.72 acres), this versatile property is ideal for retail, medical, dining, office, or hospitality businesses. The parcel is already equipped with essential infrastructure, including sidewalks, gutters, and complete utilities, minimizing development costs and streamlining the construction process. This wooded lot offers excellent accessibility from all sides and represents one of the last remaining development opportunities in this highly sought-after commercial district in Coconino County. The asking price is $3,200,000, and the property's APN numbers are 112-24-005 and 103-20-065. This is a unique chance to establish a thriving business in Flagstaff's dynamic commercial landscape. The address is 1487 & 1551 South Plaza Way, Flagstaff, AZ 86001.

    Property Features for 1487 Plaza Way

    General Information

    Property type
    Land
    Lot Size
    183,388 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.664655
    Latitude
    35.1871579

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    FAQs

    What type of property is this?
    Land - Prime Flagstaff location, 4.21 acres, high visibility.
    Where is this land located?
    The property is located at 1487 Plaza Way Flagstaff, AZ.
    What is the asking price?
    The asking price for this property is $3,200,000.
    (928) 440-5450
    Request Owner's contact information
    1487 Plaza Way Flagstaff, AZ 86001
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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
    1487 Plaza Way Flagstaff, AZ 86001
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