740 University Hts Dr Flagstaff, AZ 86005
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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