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Property Detail

North San Francisco Street
Centrally located in historic Downtown Flagstaff, within walking distance of endless dining .
$5,200,000

Description

  • Centrally located in historic Downtown Flagstaff, within walking distance of endless dining, shopping, lodging, events, and entertainment options.
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  • Two-story building offers 19,168 square feet of retail, office, and residential space, making it a versatile investment opportunity.
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  • Situated at the corner of N San Francisco Street and Route 66, providing easy access to Interstate 40 and Flagstaff Amtrak.
  • A unique value-add opportunity to own an adaptable mixed-use asset allowing for a strategic lease-up plan to enhance its value further.
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  • Home to popular tenants like Aspen Sports and We Scotty Sewing Shop, which attract patrons and potential new tenants to the area.
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  • Proximity to Northern Arizona University and the Grand Canyon, draws millions of visitors annually, enhancing the asset’s demand.

Executive Summary

15 N San Francisco Street is a distinctive two-story mixed-use asset encompassing 19,168 square feet of retail, office, and residential space in historic Downtown Flagstaff. This cash-flowing property is anchored by strong tenants, including Aspen Sports and We Scotty Sewing Shop, which draw consistent patronage and attract new tenants. 15 N San Francisco Street offers a unique value-add opportunity for investors and owner/users. The building’s adaptable design allows for a strategic lease-up plan to enhance its value further.

Positioned in the heart of Downtown Flagstaff, the property is within walking distance of numerous dining, shopping, lodging, and entertainment options. Tenants benefit from various transportation options, including the Flagstaff Amtrak station, which provides eastbound and westbound services on the Southwest Chief route, as well as rental cars, shuttles, and day tours to the Grand Canyon. The property’s prime location at the corner of N San Francisco Street and Route 66 ensures easy access to Interstate 40. The area within a five-mile radius of the property boasts a growing population with a strong spending power exceeding $865 million. The residential demand is robust, with 55% of the population being renters, creating a steady demand for residential space.

Flagstaff attracts visitors from across the state, nation, and globe with its iconic attractions, such as the ponderosa pine forest, outdoor festivals, and Northern Arizona University. The property is also close to national retailers like Whole Foods, Chick-fil-A, and REI, within a one-mile radius. As the central gateway to Northern Arizona and the Grand Canyon National Park, Flagstaff’s four distinct seasons, convenient location, and exceptional quality of life draw four million annual visitors, boosting the property’s appeal and investment potential.

 

15 N San Francisco St

Listing ID : 00788

SKU: 788

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Price History

DateEventPrice
December 11 2024Listed$5,200,000.00