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Home > 6657 STATE ROUTE 179, Sedona, AZ 86351 (MLS# 6722381)

6657 STATE ROUTE 179, Sedona, AZ 86351

$19,000,000
Property Type: Comm/Industry Sale Square Footage: 53,550 Lot Size (sq. ft.): 282,700 Status: Active
Current Price: $19,000,000 List Date: 6/21/2024 Last Modified: 9/01/2024

Description

SEDONA VISTA VILLAGE at 6657 SR 179 boasts a prime hard corner location, offering unobstructed visibility from the intersection. Anchored by the prestigious new Westin Element Hotel, this recently renovated property presents immense upside potential through lease-up of the final vacancy and development options for the 3-acre parcel, including a drive-thru. Situated amidst high traffic on SR-179, it is occupied by credit tenants on long-term leases like Verizon and Famous Footwear. With a strong NOI of $1,100,000, this 53,304 SF property rests on 6.52 acres of land, making it a lucrative investment. The Sedona Vista Village is not just a shopping hub but an integral part of the Sedona lifestyle, featuring a diverse mix of retailers, restaurants, and entertainment options.

More Information MLS# 6722381

Contract Info

Current Price: $19,000,000 List Price: $19,000,000 Status: Active List Date: 2024-06-21 Ownership: Fee Simple

Location Tax Legal

House Number: 6657 Street Name: STATE ROUTE 179 St Suffix: -- City/Town Code: Sedona State/Province: AZ Zip Code: 86351 Zip4: 8994 Country: USA County Code: Yavapai Subdivision: LAKE PLAZA Assessor Number: 405-41-077-M Tax Year: 2023

General Property Description

Type of Property: Shopping Center Ttl Apx SqFt Bldg: 53550 # of Buildings: 5 Year Built: 1990 Uncvrd Parking Spcs: 230 Zoning: Commercial

Remarks Misc

Cross Street: Jacks Canyon Rd/Verde Valley School Rd Directions: Property is located on the NEC of Jacks Canyon Rd/Verde Valley School Rd and SR-179 in Sedona, Arizona (Village of Oak Creek). Geo Lat: 34.778279 Geo Lon: -111.761657

Status Change Info

Status Change Date: 2024-06-21

Legal Info

Township: 16N Range: 6E Section: 18 Lot Number: D

Income Expenses

Net Operating Income: 1100000

Showing Notification Methods

Showing Service: No Showing Service Used

Contact Info

List Agent Hme Phn 2: 602-799-7483

Property Features

Building Type: Commercial; Other (See Remarks) Current Use: Mixed Use; Service Business; Retail PAD; Restaurant; Retail Stories: 1 Story Construction: Block; Tilt-Up Roofing: Foam Floors: Concrete Ceiling Height: 12.1 Feet to 14 Feet Heating: 2 or More Units Cooling: Central A/C; See Remarks Loading Facilities: Grade Level Interior: Other (See Remarks) Exterior: Corner Lot; Monument Sign Fencing: None Parking: Free; Paved Parking Electric: Individual Meter Gas: SW Gas Water: City Franchise Sewer: Sewer - Public; Sewer-In & Connected New Financing: Cash Only; 1031 Exchange Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Provided by Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: 25,001 to 35,000 Environmental: None
Listing Office: Vestis Group
Last Updated: September - 01 - 2024
6657 STATE ROUTE 179, Sedona, AZ 86351- MLS# 6722381
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