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Apartment & Office Buildings 116 S 1st St 6,448 SF 100% Leased Office Building Williams, AZ 86046 $2,686,125 CAD ($416.58 CAD/SF) 6.77% Cap Rate
Investment Highlights
- Three parcels, totaling 6,448 SF of building area
- Zoned General Mixed Use with gated parking and private courtyards
- Seven income-producing units: two office spaces and five high-demand residential apartments
- Fully renovated in 2025 for modern appeal and operational ease
Executive Summary
This mixed-use investment property is located in the center of downtown Williams, Arizona, combining two commercial office suites with five residential apartment units for a strong income-producing asset. Fully occupied at 100%, the residential units include two newly constructed apartments and demonstrate significant demand with zero vacancy and a waitlist for future tenants. Commercial units, situated along a visible corridor, feature easy on-street parking, enhancing tenant appeal.
The site is gated and offers private outdoor courtyards, including a fenced parking area and modern EV charging station for added convenience. Renovations in 2025 ensure updated finishes and contemporary functionality, making this property turnkey for investors. Just steps from historic Route 66 attractions, art galleries, retail shops, and dining, residents and businesses alike benefit from an active tourism market and proximity to major destinations such as Bearizona, Grand Canyon Railway, and Kaibab National Forest. This property presents a rare opportunity for stable cash flow and long-term growth in one of Northern Arizona’s most historic downtowns.
The site is gated and offers private outdoor courtyards, including a fenced parking area and modern EV charging station for added convenience. Renovations in 2025 ensure updated finishes and contemporary functionality, making this property turnkey for investors. Just steps from historic Route 66 attractions, art galleries, retail shops, and dining, residents and businesses alike benefit from an active tourism market and proximity to major destinations such as Bearizona, Grand Canyon Railway, and Kaibab National Forest. This property presents a rare opportunity for stable cash flow and long-term growth in one of Northern Arizona’s most historic downtowns.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,448 SF
Building Class
B
Year Built
1967
Price
$2,686,125 CAD
Price Per SF
$416.58 CAD
Cap Rate
6.77%
NOI
$181,851 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,224 SF
Building FAR
0.64
Lot Size
0.23 AC
Zoning
CR - Commercial Residential District
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $105,367 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$105,367 CAD
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Apartment & Office Buildings | 116 S 1st St
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