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15 N San Francisco St

19,168 SF 100% Leased Retail Building Flagstaff, AZ 86001 £4,078,932 (£213/SF)

Virtual Tour

Investment Highlights

  • Centrally located in historic Downtown Flagstaff, within walking distance of endless dining, shopping, lodging, events, and entertainment options.
  • Two-story building offers 19,168 square feet of retail, office, and residential space, making it a versatile investment opportunity.
  • Situated at the corner of N San Francisco Street and Route 66, providing easy access to Interstate 40 and Flagstaff Amtrak.
  • A unique value-add opportunity to own an adaptable mixed-use asset allowing for a strategic lease-up plan to enhance its value further.
  • Home to popular tenants like Aspen Sports and We Scotty Sewing Shop, which attract patrons and potential new tenants to the area.
  • Proximity to Northern Arizona University and the Grand Canyon, draws millions of visitors annually, enhancing the asset’s demand.

Executive Summary

15 N San Francisco Street is a distinctive two-story mixed-use asset encompassing 19,168 square feet of retail, office, and residential space in historic Downtown Flagstaff. This cash-flowing property is anchored by strong tenants, including Aspen Sports and We Scotty Sewing Shop, which draw consistent patronage and attract new tenants. 15 N San Francisco Street offers a unique value-add opportunity for investors and owner/users. The building’s adaptable design allows for a strategic lease-up plan to enhance its value further.

Positioned in the heart of Downtown Flagstaff, the property is within walking distance of numerous dining, shopping, lodging, and entertainment options. Tenants benefit from various transportation options, including the Flagstaff Amtrak station, which provides eastbound and westbound services on the Southwest Chief route, as well as rental cars, shuttles, and day tours to the Grand Canyon. The property’s prime location at the corner of N San Francisco Street and Route 66 ensures easy access to Interstate 40. The area within a five-mile radius of the property boasts a growing population with a strong spending power exceeding $865 million. The residential demand is robust, with 55% of the population being renters, creating a steady demand for residential space.

Flagstaff attracts visitors from across the state, nation, and globe with its iconic attractions, such as the ponderosa pine forest, outdoor festivals, and Northern Arizona University. The property is also close to national retailers like Whole Foods, Chick-fil-A, and REI, within a one-mile radius. As the central gateway to Northern Arizona and the Grand Canyon National Park, Flagstaff’s four distinct seasons, convenient location, and exceptional quality of life draw four million annual visitors, boosting the property’s appeal and investment potential.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,168 SF
Building Class
B
Year Built
1950
Price
£4,078,932
Price Per SF
£213
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
2.75
Land Acres
0.16 AC
Zoning
CB - CB - Central Business
Frontage
195 ft on North San Francisco Stree

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 11
  • 300 SF
  • Office
  • -
  • 30 Days

Rental rate is $500 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

  • 3
  • 239 SF
  • Office
  • -
  • 30 Days

Rent price is $425 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

  • 6
  • 248 SF
  • Office
  • -
  • 30 Days

Rental rate is $425 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

  • 9
  • 195 SF
  • Office
  • -
  • 30 Days

Rental rate is $425 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

Space Size Space Use Position Available
11 300 SF Office - 30 Days
3 239 SF Office - 30 Days
6 248 SF Office - 30 Days
9 195 SF Office - 30 Days

11

Size
300 SF
Space Use
Office
Position
-
Available
30 Days

3

Size
239 SF
Space Use
Office
Position
-
Available
30 Days

6

Size
248 SF
Space Use
Office
Position
-
Available
30 Days

9

Size
195 SF
Space Use
Office
Position
-
Available
30 Days

11

Size 300 SF
Space Use Office
Position -
Available 30 Days

Rental rate is $500 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

3

Size 239 SF
Space Use Office
Position -
Available 30 Days

Rent price is $425 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

6

Size 248 SF
Space Use Office
Position -
Available 30 Days

Rental rate is $425 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

9

Size 195 SF
Space Use Office
Position -
Available 30 Days

Rental rate is $425 per month. A $50/month charge is added to rent for all utilities and cleaning of common area space.

Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

About Downtown Flagstaff

The broader Flagstaff area is known for its natural beauty and outdoor recreation, helping attract more than 5 million visitors per year. At the heart of the tourism industry is Downtown Flagstaff, the city’s hub for entertainment, shopping, and dining. Renowned restaurants and breweries populate the neighborhood, cultivating a lively cultural hotspot. In addition to tourism, as the seat of Coconino County, Flagstaff is home to many of the region’s public sector institutions, supporting economic growth.

The Route 66, I-40, and I-17 freeways provide strong connectivity for businesses, residents, and visitors. Demographically, the city boasts stronger incomes and better educational attainment than many of Arizona’s other major markets, fostering a steady pool of potential consumers.

New retail development is infrequent in Flagstaff, which provides existing owners and operators with a limited threat to new supply. Additionally, steady population growth and rising incomes drive healthy underlying retail demand. The nearby main campus of Northern Arizona University, with over 21,500 students, supplies a healthy base of student shoppers.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
14,751
59,164
76,595
86,340
2029 Population
14,762
59,317
76,875
86,901
2024-2029 Projected Population Growth
0.1%
0.3%
0.4%
0.6%
Median Age
25.6
26.9
28.3
29.0
College Degree + Higher
37%
43%
45%
29%
Daytime Employees
16,776
37,233
42,985
47,511
Total Businesses
2,142
4,388
4,944
5,520
Average Household Income
$72,031
$82,239
$88,930
$92,845
Median Household Income
$47,423
$59,335
$64,902
$68,732
Total Consumer Spending
$127.3M
$604.1M
$853.3M
$1B
2024 Households
4,686
19,785
26,266
29,932
Average Home Value
$486,821
$510,347
$536,067
$543,188
$ values in USD

Nearby Major Retailers

PNC Bank
National Bank Of Arizona
Jazzercise
Chase
Ymca
Dutch Bros
HuHot Mongolian Grill
Orangetheory Fitness
Barre3
Grimaldi's Pizzeria

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 100-20-016
  • 100-20-017
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£272,640
  • Listing ID: 32377902

  • Date on Market: 08/07/2024

  • Last Updated:

  • Address: 15 N San Francisco St, Flagstaff, AZ 86001

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