518 Route 66 Williams, AZ 86046
- Industrial properties
- 2,996 SF
- 0.34 lot acres
Current Use by Public Records
- 1 Source Air Conditioning, Refrigeration, Plumbing & Heating / Plumber / Welder
- Studio 9 Salon N / Hair Salon
Property Details for 518 Route 66
- Year built
- 1991
- Construction
- CONCRETE
- Lot size
- 0.34 lot acres
- Property size
- 2,996 SF
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 200-07-022
- APU
- 20007022
Description
This unique .34-acre property at 518 E Rte 66 in Williams, Arizona, presents a compelling investment opportunity for both owner-occupiers and developers. Priced at $505,000, this versatile site offers a blend of existing improvements and significant development potential. Currently featuring a two-bedroom living space complete with a kitchen and full bathroom, the property also includes four office areas and a small reception area at the front. A fenced parking area provides ample space for clients or residents. The existing structure provides immediate income potential or a comfortable base for operations while planning future expansion. The zoning allows for mixed and alternative commercial uses, opening doors to a variety of possibilities, including a small motel, retail shops, apartments, or additional office space. The substantial remaining space on the lot offers considerable flexibility for future development to suit a wide range of business needs. The property requires 24-hour notice for showings and appointments are necessary. The seller will be present during showings. This is a rare chance to acquire a well-located commercial property in a thriving Arizona town with a multitude of potential uses. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $380,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $355,000
- Mixed-Use
- $320,000
- Hospitality
- $320,000
- Educational
- $350,000
- Residential Income
- $365,000
- Energy
- $350,000
- Income-Based Land
- $300,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Williams
- County
- Coconino
- State
- Arizona
- Longitude
- -112.182
- Latitude
- 35.2523
- CBSA code
- 22380
- CBSA name
- FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA
