Property profile

518 Rte 66 Williams, AZ 86046

OFF-MARKET
Industrial properties
Property ID
US07-2809130
2,996 SF 0.34 ac lot Built 1991
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1991
Construction CONCRETE
Total area 2,996 SF
Lot 0.34 ac (14,810 SF)
APN 200-07-022
UPID US07-2809130

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • Hair Salon

Location

518 Rte 66 Williams, AZ 86046-2704
Williams metro Census 1700 FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2023
Last sale
$350,000
7 recorded transactions
2023
$350,000
2018
$495,000
2008
$215,365
1998
$170,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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