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Property profile & analytics
FOR LEASE
Grocery and convenience stores

1490 E Cedar Ave Flagstaff, AZ 86004

1,972 SF 0.88 ac lot Built 1996
Entity Owned 23-yr Hold Free & Clear
Property ID
US07-0932448
Property summary
AI-generated overview

This exceptional 1,200-square-foot retail space presents a unique opportunity in Flagstaff, Arizona. Situated at 1490 E Cedar Ave, this property boasts a prime location on a hard corner within a well-established neighborhood center, offering excellent visibility and accessibility. The space is currently vacant and zoned CC (Community Commercial) in Coconino County. Ideal for automotive-related businesses, the property features two automotive bays, a convenient basement work area, a dedicated front entry, and a reception area. Its strategic placement between a convenience store and a car wash in the pad building ensures high foot traffic and convenient access for customers. The property's proximity to Coconino High School, with approximately 1,375 students, provides a substantial potential customer base. This single-suite building offers a complete and ready-to-occupy space, eliminating the need for extensive renovations or build-outs. The property's location in the 86004 zip code of Flagstaff offers easy access to major roadways and ample parking. This is a rare opportunity to secure a well-positioned retail space in a thriving community. The property is ready for immediate occupancy.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 1996
Construction CONCRETE
Total area 1,972 SF
Lot 0.88 ac (38,401 SF)
APN 109-05-001F
UPID US07-0932448
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
Current use
Occupant on record · Public records
  • Safeway Fuel Station Gas Station
  • Cedar Touchless Car Wash Car Wash
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$605k
Blend (final) Blend
$565k
Owner & transaction history
Safeway INC · 23 yrs held
Safeway INC
since 2002
3 recorded transactions
2018
Price N/A
2002
$1.6M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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