850 N Locust St - Retail FOR SALE


Flagstaff, AZ 86001
$2,693,475 USD
480-235-2746
850 N Locust St, Flagstaff, AZ for Sale
$2,693,475 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

NEW


850 N Locust St
Flagstaff, AZ 86001


HIGHLIGHTS

  • Potential redevelopment opportunity
  • Approximately 4 miles from Northern Arizona University, serving mor than 28,000 students and thousands of faculty and staf
  • Less than 2 miles from Downtown Flagstaff, offering a vibrant mix of restaurants, breweries, retail, entertainment, and year-round community events
  • Convenient access to Route 66 (±29,298 VPD)
  • Strong average household incomes over $108,000 in a 5 mile radius

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire a freestanding retail property located at 850 N Locust Drive in Flagstaff, Arizona. Situated on a sizable ±2.71-acre parcel, the property consists of approximately 11,971 square feet and offers a compelling opportunity for investors, developers, or owner-users seeking a well-positioned asset in one of Northern Arizona’s most desirable markets. The property also presents potential redevelopment opportunities given its large land area and strategic location within Flagstaff. The property is located less than two miles from Downtown Flagstaff, providing convenient access to the city’s vibrant mix of restaurants, breweries, retail destinations, entertainment venues, and community amenities. Additionally, the site is approximately four miles from Northern Arizona University, which serves more than 28,000 students and thousands of faculty and staff members, creating a strong foundation of nearby demand and activity. The asset benefits from excellent accessibility and visibility with convenient access to Historic Route 66, which carries traffic counts of approximately 29,298 vehicles per day. The surrounding trade area is supported by strong demographics, including more than 80,000 residents within a five-mile radius, a daytime population exceeding 82,000 people, and average household incomes surpassing $108,000 within five miles. The area is further strengthened by established residential neighborhoods, nearby schools, and numerous planned and existing housing communities throughout eastern Flagstaff. This offering represents a rare opportunity to acquire a large-format institutional property with significant land area, redevelopment potential, and strong underlying real estate fundamentals in the heart of Flagstaff. The combination of proximity to Downtown Flagstaff, Northern Arizona University, and major transportation corridors positions the asset for a variety of future uses and long-term value creation.

FOR SALE DETAILS

PRICE

$2,693,475 USD

PRICE/SF

$225 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Former Montessori School of Flagstaff

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

-

APN/PARCEL ID

101-42-068

ASK ABOUT THIS PROPERTY

Shane CarterCushman & WakefieldMore Info
480-235-2746

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Shane CarterCushman & WakefieldMore Info
480-235-2746

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