350 Jordan Rd - Freestanding FOR SALE


Sedona, AZ 86336- Uptown Sedona
$4,900,000 USD
480-481-0032
350 Jordan Rd, Sedona, AZ for Sale
$4,900,000 USD
Freestanding - FOR SALE
1/21
null | 6.5% Cap Rate

350 Jordan Rd
Sedona, AZ 86336
Uptown Sedona


HIGHLIGHTS

  • 100% Occupied - 7,887 SF Total Building Area
  • $318,353 2026 Annual NNN Rent - 6.5% Cap Rate with annual increases
  • Three Freestanding Commercial Buildings, 4,797 SF + patio, 1,351 SF & 1,740 SF
  • 0.806 Acres / Approximately 35,091 SF
  • Strategic Assemblage Full-Block Position from Jordan Road to Cedar Street Apple Avenue Frontage Two Adjoining Parcels
  • Located in the heart of Uptown Sedona CBC with over 3 Million Visitors per Year per Sedona Chamber

OVERVIEW

This rare Uptown Sedona offering consists of two strategically assembled and integrated commercial parcels totaling approximately 34,917 SF (±0.80 acres), improved with three freestanding buildings totaling 7,887 SF. The property occupies a distinctive block-long position extending from Jordan Road to Cedar Street along Apple Avenue and is 100% occupied by three established restaurant and retail tenants generating $318,353 in current annual NNN rent. 350 Jordan Road is improved with a 4,796± SF restaurant building occupied by Elote Cafe, one of Sedona's best-known dining destinations. The building underwent extensive renovation in 2019–2020 to accommodate Elote's relocation to the property and includes outdoor patio dining. Elote is led by James Beard Award-winning chef and cookbook author Jeff Smedstad and operates five evenings per week, Tuesday through Saturday. 274 Apple Avenue contains two freestanding commercial buildings: the 1,740 SF Cup Town Coffee building and the 1,351 SF Crystal Castle building. In addition to producing NNN rental income, the Apple Avenue parcel plays an integral role in the operation of the combined property by providing parking required to support Elote Cafe under a recorded reciprocal parking agreement. The Apple Avenue businesses operate during the day and close by 5:00 PM Tuesday through Saturday, allowing the parking areas to transition to Elote's evening use. The two properties have been physically integrated through pedestrian access between the parcels and improved lighted sidewalks along the Jordan Road, Apple Avenue and Cedar Street frontages. The result is a difficult-to-replicate Uptown commercial property in which three income-producing buildings, coordinated parking and pedestrian access function together as a single assembled investment. The property extends an entire block from Jordan Road to Cedar Street along Apple Avenue and includes 350 Jordan Road, home to Elote Cafe, together with 274 Apple Avenue, occupied by Crystal Castle and Cup Town Coffee. The two parcels function as an integrated commercial property. 274 Apple Avenue provides parking required to support Elote Cafe's operation through a recorded reciprocal parking agreement, while simultaneously generating NNN rental income from two additional tenants. The Apple Avenue businesses utilize the parking during their operating hours and close by 5:00 PM Tuesday through Saturday, making the combined parking available to support Elote Cafe's evening operations. Physical pedestrian access between the properties further integrates the combined site.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$621 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C-O

APN/PARCEL ID

401-13-003

ASK ABOUT THIS PROPERTY

William ClarksonBill Clarkson, CCIM Realty Executives CommercialMore Info
480-481-0032

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William ClarksonBill Clarkson, CCIM Realty Executives CommercialMore Info
480-481-0032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.