Southside Fully Leased Retail Investment Opportunity

Highlights:

• Approximately 2,500 SF under roof, plus exclusive exterior patio
• One tenant (Southside Tavern), NNN lease
• Historical building with many updates
• Located in the heart of Flagstaff’s Heritage District, the property enjoys high visibility and easy accessibility. Surrounded by boutique shops, thriving businesses, art galleries, and cultural landmarks, the site is perfectly positioned to capture both local foot traffic and the steady stream of visitors drawn to downtown’s energetic atmosphere. Flagstaff’s reputation as a gateway to the Grand Canyon and a destination for outdoor enthusiasts amplifies the appeal of this location, making it an attractive spot for both patrons and tenants.
• Several renovations to its current turnkey iteration
• Community Commercial zoning
• Ease of ownership with a long-term NNN lease in place and annual bumps
• Multi-year original term to extend stability, while renewal options offer future flexibility for both parties.
• The bar/restaurant are locally owned, with a commitment to quality service and innovative offerings that have made them fixtures in the Flagstaff night scene.
• Detailed rent roll, expense statements, and tenant history available upon request to qualified buyers.
• Located in the heart of Flagstaff’s Heritage District, the property enjoys high visibility and easy accessibility. Surrounded by boutique shops, thriving businesses, art galleries, and cultural landmarks, the site is perfectly positioned to capture both local foot traffic and the steady stream of visitors drawn to downtown’s energetic atmosphere. Flagstaff’s reputation as a gateway to the Grand Canyon and a destination for outdoor enthusiasts amplifies the appeal of this location, making it an attractive spot for both patrons and tenants.
• Turnkey Investment: With the space fully leased to proven operators, buyers can enjoy immediate cash flow and minimal management responsibilities.
• Historic Value: Owning a piece of downtown Flagstaff’s architectural legacy brings intrinsic value and community prestige.
• Strong Demand: Downtown Flagstaff maintains high demand for dining and entertainment, supporting stable tenancy and potential for future appreciation.
• Diversified Income: Long-term, guaranteed tenant reduces vacancy risk and allow for a steady revenue stream.
• Future Upside: The building’s flexible layout could accommodate expansion, concept changes, or event hosting, creating avenues for growth. Inquire with owner regarding House Bill 2721--an avenue to potentially create "middle housing."
• Asking Price: Competitive pricing reflective of the building’s historic value, cap rate, and downtown location.
• Rental Income: Consistent revenue from reliable tenant, with documented payment histories and expense breakdowns.
• Operating Costs: Efficient management structures and tenant responsibility for most operating expenses reduce ownership burden.
• Appreciation: Growth in Flagstaff’s downtown commercial real estate market supports potential for future value increases.
• Seller-carry option with +50% down
• NDA for lease information

Description:

Introducing a prime investment opportunity along the bustling southside district of Flagstaff, AZ. This fully occupied, modernized yet historically preserved commercial building is an ideal choice for retail or restaurant investors looking for solid returns and true ease of ownership. With its architecture steeped in the rich tapestry of Flagstaff’s storied past, this property offers an unparalleled combination of character, charm, and commercial stability. Originally built in 1956 and meticulously and extensively updated over the years to accommodate its current use (bar and restaurant), this property showcases modern amenities within a historic framework. Property features a full kitchen, custom bar, front dining area, rear "game" room, two bathrooms, rear "pop-up" bar, and spacious updated exterior patio space. The building stands as a testament to enduring craftsmanship, presenting an opportunity for investors to own a piece of local history while enjoying the benefits of a fully leased, income-generating asset.



Southside downtown Flagstaff along the busy S. San Francisco St commercial corridor. This prime location is just minutes away from vibrant Downtown Flagstaff and Northern Arizona University. Located within a bustling business and mixed-use district, this property is perfectly poised for an investor seeking stable NNN tenancy.

APS, Unisource, City of Flagstaff

Bustling commercial corridor connecting downtown Flagstaff to NAU.

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