Prime high-density residential development opportunity
High-Density Residential Re-Development Opportunity
Marketing description
Nestled in the heart of Flagstaff's storied southside district, this rare offering comprises three improved contiguous parcels totaling .58 acres, each zoned for high-density residential for conjoined development. This is a once-in-ageneration opportunity to shape the future of a vibrant, established neighborhood known for its architectural charm, community spirit, and proximity to urban amenities. With the emphasis of value on the land not the existing improvements, this property is primed and penciling for a multitude of residential projects—whether you’re envisioning modern townhomes, luxury apartments, an innovative multifamily complex, or simply a repurpose and redesign of the existing structures. The generous footprint allows for creative site planning and maximizes density, one that could preserve the community feel and at the same time modernize into a new era. Whether you’re a seasoned developer, a strategic investor, or someone with a vision to create housing that honors the area’s history while embracing its dynamic future, this property delivers the flexibility and promise you need by adding an income generating asset with flexibility of design. As a childhood home for the Sellers, above all this property provides a welcoming sense of continuity and an opportunity to write the next chapter of joyous memories.
Investment highlights
Total land area: .58 acres across three separate parcels
Collective improvements totaling approximately 6,327 sf (vacant; distressed condition)
Zoning: High-density residential
Utilities: All city services available including water, sewer, electricity, and high-speed internet
Topography: Level site with mature shade trees throughout
Frontage: Wide, street-facing lots with direct rear access
Walkable to downtown entertainment and business centers
Minutes from major transit arteries, including the lone tree overpass under construction
Blocks from Northern Arizona University
Strong market growth in southside historic district
Attractive sales market as well as premium rental rates with sustained low vacancy statistics
The southside neighborhood is celebrated for its historic architecture and cultural legacy, with many homes and buildings dating back to the early 20th century.
New developments are encouraged to reflect the area’s character while incorporating sustainable and contemporary design elements.
These parcels offer a unique canvas for a project that pays homage to tradition yet meets the housing needs of tomorrow’s residents.
Sub-market: Southside Downtown Flagstaff
Cross-Streets: E. Cottage
Street Parking
Parking Type: Surface
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