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Former Montessori School of Flagstaff 850 N Locust St 11,971 SF Retail Building Flagstaff, AZ 86001 $3,773,693 CAD ($315.24 CAD/SF)
Investment Highlights
- Potential redevelopment opportunity
- Less than 2 miles from Downtown Flagstaff, offering a vibrant mix of restaurants, breweries, retail, entertainment, and year-round community events
- Strong average household incomes over $108,000 in a 5 mile radius
- Approximately 4 miles from Northern Arizona University, serving mor than 28,000 students and thousands of faculty and staf
- Convenient access to Route 66 (±29,298 VPD)
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to acquire a freestanding retail property located at 850 N Locust Drive in Flagstaff, Arizona. Situated on a sizable ±2.71-acre parcel, the property consists of approximately 11,971 square feet and offers a compelling opportunity for investors, developers, or owner-users seeking a well-positioned asset in one of Northern Arizona’s most desirable markets. The property also presents potential redevelopment opportunities given its large land area and strategic location within Flagstaff.
The property is located less than two miles from Downtown Flagstaff, providing convenient access to the city’s vibrant mix of restaurants, breweries, retail destinations, entertainment venues, and community amenities. Additionally, the site is approximately four miles from Northern Arizona University, which serves more than 28,000 students and thousands of faculty and staff members, creating a strong foundation of nearby demand and activity.
The asset benefits from excellent accessibility and visibility with convenient access to Historic Route 66, which carries traffic counts of approximately 29,298 vehicles per day. The surrounding trade area is supported by strong demographics, including more than 80,000 residents within a five-mile radius, a daytime population exceeding 82,000 people, and average household incomes surpassing $108,000 within five miles. The area is further strengthened by established residential neighborhoods, nearby schools, and numerous planned and existing housing communities throughout eastern Flagstaff.
This offering represents a rare opportunity to acquire a large-format institutional property with significant land area, redevelopment potential, and strong underlying real estate fundamentals in the heart of Flagstaff. The combination of proximity to Downtown Flagstaff, Northern Arizona University, and major transportation corridors positions the asset for a variety of future uses and long-term value creation.
The property is located less than two miles from Downtown Flagstaff, providing convenient access to the city’s vibrant mix of restaurants, breweries, retail destinations, entertainment venues, and community amenities. Additionally, the site is approximately four miles from Northern Arizona University, which serves more than 28,000 students and thousands of faculty and staff members, creating a strong foundation of nearby demand and activity.
The asset benefits from excellent accessibility and visibility with convenient access to Historic Route 66, which carries traffic counts of approximately 29,298 vehicles per day. The surrounding trade area is supported by strong demographics, including more than 80,000 residents within a five-mile radius, a daytime population exceeding 82,000 people, and average household incomes surpassing $108,000 within five miles. The area is further strengthened by established residential neighborhoods, nearby schools, and numerous planned and existing housing communities throughout eastern Flagstaff.
This offering represents a rare opportunity to acquire a large-format institutional property with significant land area, redevelopment potential, and strong underlying real estate fundamentals in the heart of Flagstaff. The combination of proximity to Downtown Flagstaff, Northern Arizona University, and major transportation corridors positions the asset for a variety of future uses and long-term value creation.
Property Facts
Sale Type
Owner User
Property Type
Building Size
11,971 SF
Year Built
1999
Price
$3,773,693 CAD
Price Per SF
$315.24 CAD
Building Height
1 Story
Building FAR
0.10
Lot Size
2.71 AC
Somewhat walkable
30/100
Very drivable
80/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 11
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Former Montessori School of Flagstaff | 850 N Locust St
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