$1,490,000

Description

Discover a rare investment opportunity in the heart of Historic Downtown Flagstaff. The iconic circa 1906 Lindemann House occupies a high-profile corner lot and includes an expansive paved parking lot--an exceptional amenity in downtown Flagstaff. Rich in history, character, and income potential, this unique property offers flexibility for investors, business owners, or those seeking a mixed-use opportunity. The property features five residential units, including two 2-bedroom, 1-bath apartments, two 1-bedroom, 1-bath apartments, and one studio apartment. Currently operated with a combination of short- and long-term rentals, all units are transitioning to long-term rentals, providing stable income with additional upside potential. SELLER FINANCING is available to qualified Buyers, and the Seller prefers a Seller Financed sale. Flagstaff's desirable Community Commercial (CC) zoning allows for a wide variety of commercial and residential uses. Over the years, the property has successfully housed a retail running store, hair salon, attorney's office, engineering office, and residential apartments, creating exceptional flexibility for future ownership. The oversized paved parking lot provides abundant off-street parking--an increasingly valuable asset in Historic Downtown Flagstaff. Whether you continue its successful income-producing history, establish your own business, redevelop the site within zoning allowances, or create a unique live/work environment, the possibilities are extensive. This is a one-of-a-kind historic downtown property offering character, strong income potential, outstanding visibility, abundant parking, flexible zoning, and exceptional long-term investment value. Owner/Agent.