399 S MALPAIS Lane $8,500,000

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    399 S MALPAIS Lane Flagstaff, AZ 86001

    • 28,201 sq. ft.
    • Commercial Sale
    • MLS# 6278598
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    Views: 212 Days On Site: 156

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    Property Details

    This 100% Occupied 28,201 SF Class A office/medical building is on 1.8 acres, and is located less than a mile southwest of downtown Flagstaff and across the street from the Northern Arizona University campus. Rare Investment Opportunity!!

    • General Features
      • Building Type Commercial,Office
      • Cooling Central A/C
      • County Coconino
      • Covered Parking Spaces 127.00
      • Directions Milton Rd to Malpais Ln, just north of Rte 66
      • Electric APS
      • Fencing None
      • Gas City Gas
      • Heating Natural Gas
      • Parking Free,Paved Parking
      • Roofing Comp Shingle
      • Sewer Sewer - Public
      • Subdivision RIORDAN ADD BEG AT N
      • Taxes $70,873
      • Total Approx Building SqFt 28,201
      • Total Approx Land SqFt 78,818
      • Uncovered Parking Spaces 0.00
      • Water City Franchise
      • YearBuilt 2013
      • Zoning Highway commerc
    • Building Features
      • Construction Frame - Wood
      • Ceiling Height 16.1 Feet to 28 Feet
      • Stories 2 Stories
      • Interior Finished
      • Exterior Building Sign
      • Floors Carpet,Ceramic Tile
    • Property Features
      • Total Parking Space 127.00
      • Legal Info: Lot Number 1
      • Ownership Fee Simple
      • Income & Expenses: Net Operating Income 609927.00
      • Income & Expenses: Gross Annual Sch Inc 610179.00
      • Income & Expenses: Adjusted Gross Inc 790967.00

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    Neighborhood

    86001 (Flagstaff) Demographics

    29 Median Age
    51 Population Density (per sq. mile)
    61% College Educated
    $59,536 Estimated Median Income
    8,765 Estimated Total Home Owners
    8,711 Estimated Total Renters
    50% / 50% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    45,695 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $739,999 Median Sales Price
    38 Homes Sold
    17 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $8,500,000
        8/13/2021 7:25:00 AM New in Database Source: Multiple Listing Service New Value: $8,500,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 1/16/2022 2:15:43 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Hunt Real Estate Arizona.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.