6657 Az-179 Sedona, AZ 86351
- Lifestyle centers
- 6.52 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 6657 Az-179
- Year built
- 1990
- Lot size
- 6.52 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 5-building, 6.52-acre shopping center in Sedona, Arizona, presents a compelling value-add investment opportunity. Located at a high-traffic hard corner on SR-179, the property boasts excellent visibility and is anchored by a brand-new Element by Westin hotel. The 53,304 square foot center, built in 1990 and renovated in 2019, features a strong tenant roster including Verizon and Famous Footwear, all under long-term leases, generating a substantial net operating income (NOI) of $1,100,000. Significant upside potential exists through leasing the remaining vacant space and the development or ground lease of a 3-acre parcel on the east side of the property, which offers potential for a drive-thru. The property is zoned commercial and has a Yavapai County APN of 405-41-077-M. With over 800 hotel rooms within 1.5 miles, this property benefits from a robust tourism-driven market and offers a unique blend of established tenants and future development possibilities. This is a rare chance to acquire a well-positioned retail center in the heart of Sedona's vibrant commercial landscape.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sedona
- County
- Yavapai
- State
- Arizona
- Longitude
- -111.762
- Latitude
- 34.7778
