622 Rte 66 Flagstaff, AZ 86001-4744
- Gas stations
- 1,261 SF
- 0.04 lot acres
Current Use by Public Records
- Bobablastic / Dessert Shop
- Milestone Auto Repair LLC / Auto Repair Shop
Property Details for 622 Rte 66
- Year built
- 1949
- Lot size
- 0.04 lot acres
- Property size
- 1,261 SF
- Property type
- Gas stations
- APN
- 104-15-002
- APU
- 10415002
Description
This exceptional single-tenant retail property, located at 622 E Rte 66 in Flagstaff, Arizona, presents a unique investment opportunity. Built in 1960, the building boasts a total of 3,222 square feet situated on a high-traffic section of the legendary Route 66. The property's single-story design offers convenient access and visibility. The building itself is categorized as both retail and special purpose, making it suitable for a variety of uses, including restaurants. The current tenant occupies 1,550 square feet, leaving potential for expansion or additional income streams. Located in Coconino County, Arizona, with a zip code of 86001, this property benefits from its prime location in Flagstaff, a vibrant city attracting significant tourism and local commerce. The property's strategic placement on Route 66 ensures high visibility and accessibility for customers. This is a rare chance to acquire a piece of Americana with significant commercial potential. The property's single-tenant occupancy simplifies management, while the versatile nature of the space allows for adaptability to various business models. The building's age presents an opportunity for renovation and modernization to further enhance its value and appeal. This property is ideal for investors seeking a strong return on investment in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $410,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $320,000
- Mixed-Use
- $330,000
- Hospitality
- $320,000
- Educational
- $315,000
- Residential Income
- $390,000
- Energy
- $400,000
- Income-Based Land
- $390,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Flagstaff
- County
- Coconino
- State
- Arizona
- Longitude
- -111.641
- Latitude
- 35.1954
- CBSA code
- 22380
- CBSA name
- FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA