399 S MALPAIS Lane $8,500,000

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    399 S MALPAIS Lane Flagstaff, AZ 86001

    Active
    • 28,201 sq. ft.
    • Commercial Sale
    • MLS# 6278598
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    Views: 413 Days On Site: 326

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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

    30 Median Age
    51 Population Density (per sq. mile)
    62% College Educated
    $60,287 Estimated Median Income
    8,672 Estimated Total Home Owners
    9,081 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    45,396 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $710,000 Median Sales Price
    39 Homes Sold
    88 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 6:25:00 AM New in Database Source: Multiple Listing Service New Value: $8,500,000

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        Matt Rivera

        Matt Rivera Regional Mortgage Manager

        Matt Rivera – Regional Mortgage Manager, Prosperity Home Mortgage

        Matt Rivera has more than 18 years of experience in the lending industry. He has experience in a wide variety of positions vital to the originating, funding and eventual sale of residential mortgages.  Matt currently manages a team of Mortgage Consultants, Processors and Closer in multiple states. Matt is a native Tucsonan and a graduate of the University of Arizona’s Eller College of Management with a major in Finance.  

        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 7/5/2022 2:56:45 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS


        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.