Exceptional redevelopment opportunity in the heart of Old Town Flagstaff. Positioned on a Highway Commercial-zoned parcel in a high-demand location near NAU, established residential neighborhoods, and key transportation corridors, this property presents a rare opportunity for developers, investors, and builders seeking future density potential in a rapidly evolving area. The… Read More primary value lies in the land, zoning flexibility, and ongoing entitlement efforts. Sellers are currently pursuing entitlement pathways that may allow for preservation of the existing residence while adding 5 townhomes, or alternatively redevelopment of the site for up to 8 townhomes (buyer to independently verify zoning, density, entitlements, permitted uses, and municipal approvals). See additional comments... Situated within the area impacted by Flagstaff's continued growth and the evolving Downtown Mile corridor, the property benefits from strong connectivity, proximity to Northern Arizona University, nearby employment centers, and increasing housing demand. The location also offers convenient access to Butler Avenue, Milton Road, and Route 66, supporting both residential and mixed-use potential. The existing 6-bedroom structure is present on site and may provide interim utility; however, the opportunity is best suited for buyers focused on redevelopment, entitlement completion, land value, and long-term investment potential. Opportunities for commercially zoned infill parcels with potential higher-density outcomes in central Flagstaff are increasingly limited, making this a compelling acquisition for those seeking a strategic development position in one of Northern Arizona's strongest markets. Read Less
Courtesy of da Vinci Realty, Rosa J Leonardis,
Listing Snapshot
Days Online
12
Last Updated
Beds
4
Square Ft.
2,422
Lot Size
0.31 Acres
Year Built
1935
MLS Number
204737
30 Days Snapshot Of 86001
$830k
+25%
(avg) sold price
31
0%
homes sold
98
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
New Construction, Year Built: 1935, Building Area Total: 2,422, Levels: "Multi/Split"
Cooling
Cooling Included, "Central Air"
Floors
"Ceramic Tile", "Wood"
Heating
Heating Included, "Natural Gas"
Interior Features
"Eat-in Kitchen", "Pantry"
Laundry
"Separate Room"
Lot
13,400 square feet, 0.3 acres, Area: 0.3
Property
Parcel Number: 10302004, Topography: Level
Taxes
Annual Amount: $3,011
Utilities
Utilities: "Water Available", "Electricity Available", "Natural Gas Available"
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