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Property profile & analytics
OFF-MARKET Estimated value $610,000
Retail space

101 San Francisco St Flagstaff, AZ 86001-5738

4,289 SF 0.15 ac lot Built 1964
Entity Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US07-1405530
Property summary
AI-generated overview

This exceptional downtown Flagstaff business opportunity encompasses a 5,000 square foot space, ideally suited for a bar and restaurant. Previously operating as The Mayor Kitchen-Bar-Rooftop, this property boasts a fully equipped kitchen, two bars, dedicated dining areas, and a unique event space. A significant advantage is the inclusion of all furniture, fixtures, and equipment (FF&E), minimizing start-up costs for the new owner. The property also features the only rooftop patio and bar in Flagstaff, offering unparalleled views and ambiance. This location holds a rich history, having previously housed the popular Mad Italian restaurant. Less than five years ago, the current occupant completed a comprehensive renovation and update, resulting in a well-maintained and modern space. Detailed plans from this recent overhaul are available for review. The layout is versatile and adaptable to a range of culinary and beverage concepts, potentially allowing for a continuation of the existing format or a fresh, innovative approach. This is a rare opportunity to acquire a fully operational, high-visibility establishment in the heart of Flagstaff's vibrant downtown area. The asking price is $100,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction CONCRETE
Total area 4,289 SF
Lot 0.15 ac (6,700 SF)
APN 103-08-011A
UPID US07-1405530
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
$800k
Comparable Approach Comparable
$580k
Blend (final) Blend
$610k
Owner & transaction history
Jla Mad LLC · 15 yrs held
Jla Mad LLC
since 2011
7 recorded transactions
2020
Price N/A
2014
Price N/A
2011
Price N/A
2010
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $895,000 +130.5%
Medical building $715,000 +84.4%
Commercial (general) $535,000 +38.0%
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