$890,000
Flagstaff, AZ 86001
MLS# 204737
4 beds | 3 baths | 2422 sqft
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Property Description
Exceptional redevelopment opportunity in the heart of Old Town Flagstaff. Positioned on a Highway Commercial-zoned parcel in a high-demand location near NAU, established residential neighborhoods, and key transportation corridors, this property presents a rare opportunity for developers, investors, and builders seeking future density potential in a rapidly evolving area. The primary value lies in the land, zoning flexibility, and ongoing entitlement efforts. Sellers are currently pursuing entitlement pathways that may allow for preservation of the existing residence while adding 5 townhomes, or alternatively redevelopment of the site for up to 8 townhomes (buyer to independently verify zoning, density, entitlements, permitted uses, and municipal approvals). See additional comments...
Details
Maps
Contract Information
Status: Active
Listing Agreement Date: 2026-06-01
List Price: $890,000
Current Price: $890,000
List Price/SqFt: 367.46
Owner/Agent: No
Property Sub-Type: Single Family Residence
Land Lease: No
Transaction Type: Sale
New Construction: No
Agent License Number: SA646837000
Firm License Number: LC551119000
Location Tax Legal
County: Coconino
Area: 150 - Flagstaff Old Town
Street #: 823
Direction: W
Street Name: Clay
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.195578
Geo Lon: -111.660401
General Property Description
Vegetation: Mixed
Terrain: Level
# Bedrooms: 4
# Bathrooms: 3
Approx SqFt: 2422
Source of SqFt: County
Year Built: 1935
Year Built Source: County
Lot Acres: 0.3
Approx Lot SqFt: 13400
To Show
Other: 928-607-8026
Living Room Features
Other: See Listing
Family Room Features
Other: See Listing
Plumbing
# Water Heaters: 1
Location
Other: Near NAU
Property Features
Possession: COE +
Seller's Option: Cash; New Construction; Submit
Kitchen Features: Eat-in Kitchen; Pantry
Primary Bedroom: Split Floorplan
Laundry: Separate Room
Floor Coverings: Ceramic Tile; Wood
Dining Room Features: None
Fireplace: None
Heating: Natural Gas
Cooling: Central Air
Utilities Available: Electricity Available; Natural Gas; Public Sewer; Water Available
Water Source: Public
Style: Multi-Level
Construction: Frame-Wood
Roof: Asphalt Shingle
Garage Type: None
Supplements
Situated within the area impacted by Flagstaff's continued growth and the evolving Downtown Mile corridor, the property benefits from strong connectivity, proximity to Northern Arizona University, nearby employment centers, and increasing housing demand. The location also offers convenient access to Butler Avenue, Milton Road, and Route 66, supporting both residential and mixed-use potential.
The existing 6-bedroom structure is present on site and may provide interim utility; however, the opportunity is best suited for buyers focused on redevelopment, entitlement completion, land value, and long-term investment potential.
Opportunities for commercially zoned infill parcels with potential higher-density outcomes in central Flagstaff are increasingly limited, making this a compelling acquisition for those seeking a strategic development position in one of Northern Arizona's strongest markets.
Listing Office: da Vinci Realty
Last Updated: June - 01 - 2026
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