$19,000,000
Sedona, AZ 86351
MLS# 6722381
1 / 16
Property 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.
Details
Maps
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
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.