Uptown Office and STR opportunity
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Uptown Office and STR opportunity
2 Office Properties Offered at $2,195,000 in Sedona, AZ
Executive Summary
TWO (2) commercial buildings on two parcels in Uptown Sedona.
8,759 TOTAL SF ON 0.50 ACRE.
Cash flowing downstairs office spaces in larger building @ 450 Jordan Rd.
STRs (4) allowed per property - highest and best use for upstairs @ 450 Jordan Rd (PANORAMIC RED ROCK VIEWS) - needs full buildout.
STRs (2-4) allowed per property - highest and best use for adjacent 452 Jordan Rd - front unit done, back unit needs full remodel.
Nothing else like this. Priced to sell @ $250/sf.
10%+ return once stabilized (renovations factored in to calcs - soft bid on hand from local GC).
Commercial zoning.
Onsite parking 40 spots.
Across the street is 50+ space public parking lot (City of Sedona).
Adjacent to the east is 90+ space public parking lot (City of Sedona).
Buyer to verify all uses with City of Sedona.
See OM for full details.
8,759 TOTAL SF ON 0.50 ACRE.
Cash flowing downstairs office spaces in larger building @ 450 Jordan Rd.
STRs (4) allowed per property - highest and best use for upstairs @ 450 Jordan Rd (PANORAMIC RED ROCK VIEWS) - needs full buildout.
STRs (2-4) allowed per property - highest and best use for adjacent 452 Jordan Rd - front unit done, back unit needs full remodel.
Nothing else like this. Priced to sell @ $250/sf.
10%+ return once stabilized (renovations factored in to calcs - soft bid on hand from local GC).
Commercial zoning.
Onsite parking 40 spots.
Across the street is 50+ space public parking lot (City of Sedona).
Adjacent to the east is 90+ space public parking lot (City of Sedona).
Buyer to verify all uses with City of Sedona.
See OM for full details.
Property Facts
| Price | $2,195,000 | Number of Properties | 2 |
| Price / SF | $250.60 / SF | Individually For Sale | 0 |
| Cap Rate | 10% | Total Building Size | 8,759 SF |
| Sale Type | Investment | Total Land Area | 0.64 AC |
| Status | Active |
| Price | $2,195,000 |
| Price / SF | $250.60 / SF |
| Cap Rate | 10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,759 SF |
| Total Land Area | 0.64 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Jordan Road Offices
452 Jordan Rd, Sedona, AZ 86336 |
Office | 1,590 SF | 1974 | - |
|
Jordan Road Offices
450 Jordan Rd, Sedona, AZ 86336 |
Office | 7,169 SF | 1974 | - |
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Uptown Office and STR opportunity
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