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:
6/21/2024
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
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
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
Legal Description (Abbrev): LOT D TRACT D LAKE PLAZA BOOK 14 PAGE 62
Subdivision: LAKE PLAZA
Assessor's Map #: 41
Assessor's Parcel #: 77
Assessor Parcel Ltr: M
Add'l Parcels: No
Assessor Number: 405-41-077-M
Census Tract: 1703
Legal: LOT D TRACT D LAKE PLAZA BOOK 14 PAGE 62
Tax Municipality: Yavapai - COUNTY
Taxes: 58123
Tax Year: 2023
Marketing Name: Sedona Vista Village
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
Owner Association: No
Net Operating Income: 1100000
Pmt & Rate Info
Cap Rate: 5.79
Equity: 19000000
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
Freeway/Highway: Frontage
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
Roads/Streets: Asphalt
Traffic Count: 25,001 to 35,000
Reports/Disclosures: None
Environmental: None
Listing Office: Vestis Group
Last Updated: June - 21 - 2024
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