A downtown Williams acquisition opportunity for an investor, owner-user, or redevelopment buyer seeking a presence near Historic Route 66 and the gateway to Grand Canyon tourism.
Cash-Flow Property on Route 66 in Williams, AZ
Seven income-producing units in downtown Williams, AZ — a fully renovated mixed-use asset in the heart of Arizona's Grand Canyon tourism corridor. Zero vacancy, strong waiting list, and diversified commercial + residential income streams.
7
Income Units
6,448
Square Feet
100%
Occupied · Wait List
2025
Fully Renovated
About this property
112 & 116 N. 1st St., Williams AZ: a mixed-use commercial property for sale
112 & 116 N. 1st St. is a Williams AZ commercial property for sale in the heart of downtown Williams, the Route 66 gateway to the Grand Canyon. This mixed-use property near Route 66 combines two commercial office buildings with five residential apartment units in a single 6,448 square foot complex, fully renovated in 2025 and zoned General Mixed Use. Every unit is occupied, giving investors immediate income with a strong waiting list, an EV charging station, a private courtyard, and fenced parking. Listed at $1,909,000 with a 6.91% cap rate, it is a Northern Arizona investment property positioned minutes from Bearizona, Canyon Coaster Park, and the Grand Canyon Railway.
For the full offering memorandum, cap rate analysis, and unit financials, request the investment package from Mike Konefal, Broker Associate with Coldwell Banker Northland.
Investor Data
Offering Summary
Key financials and operating data for 112 & 116 N. 1st St., Williams, AZ — a turnkey mixed-use investment with seven income-producing units, zero vacancy, and a strong waiting list.
Sale Price
$1,950,000
$1,909,000
Save $41,000
Net Operating Income
$132,000
Cap Rate
6.91%
Property
Investment
Operations
Demographics
Investment Overview
Diversified income in Arizona's Grand Canyon corridor
This income-producing commercial/multifamily complex delivers two distinct revenue streams from a single asset: two commercial office tenants and five residential apartment units, all fully occupied with a strong waiting list. Located in downtown Williams, AZ — the self-proclaimed "Gateway to the Grand Canyon" — the property sits at the center of a year-round tourism economy drawing millions of visitors annually.
Fully renovated in 2025 with modern kitchens, updated bathrooms, and contemporary finishes, this turnkey asset requires no capital improvement. Zoned General Mixed Use and positioned along historic Route 66, the property offers the diversified income profile and low-maintenance operations that Phoenix and Flagstaff investors seek — in a market with lower entry costs and stronger yield potential than metro Arizona.
Access: 30 minutes south of Flagstaff via I-40, approximately 3 hours from the Phoenix metro. The property benefits from direct access to the I-40 corridor connecting the state's two largest metro markets to Grand Canyon tourism.
Interior — Renovated unit kitchen, 2025
Why Invest Here
Built for cash-flow investors
100% Occupied · Wait List
All seven units are occupied with a strong waiting list, delivering immediate and consistent cash flow from day one. No lease-up period required.
Dual Revenue Streams
Two commercial office spaces and five residential apartment units. Diversified income reduces risk — if one sector softens, the other continues performing.
Turnkey · No CapEx Needed
Fully renovated in 2025 with modern kitchens, updated bathrooms, new flooring, and contemporary finishes throughout. Step into immediate income.
Parking & Modern Amenities
Fenced parking area, private courtyard, on-street parking for commercial tenants, and one unit equipped with EV charging — a forward-looking amenity.
Prime Downtown Location
Steps from historic Route 66, the Grand Canyon Railway depot, and Williams' thriving dining and retail corridor. Minutes from Bearizona, Canyon Coaster Park, and Kaibab National Forest.
Tourism Corridor
3 million annual visitors. The Grand Canyon, Bearizona, Canyon Coaster Park, and Route 66 heritage drive year-round demand. The tourism economy supports both commercial tenants and residential occupancy.
Investor FAQ
Frequently asked questions
Quick answers on asking price, cap rate, occupancy, zoning, and unit mix for 112 & 116 N. 1st St. in Williams, AZ.
What is the asking price?
The asking price for 112 & 116 N. 1st St. in downtown Williams, AZ is $1,909,000 for the full 7-unit mixed-use package: two commercial office spaces and five residential apartment units.
What is the cap rate?
The capitalization rate is 6.91%, based on a $132,000 net operating income against the $1,909,000 asking price.
Is the property occupied?
Yes. All seven units are occupied with zero vacancy, and the property maintains a strong waiting list of prospective tenants.
What is the zoning?
The property is zoned General Mixed Use (GMU), supporting the current mix of commercial office and residential apartment use in downtown Williams.
What is the tenant mix?
Seven units total: two commercial office buildings and five residential apartment units across 6,448 square feet of building area. Both revenue streams are fully leased, with a strong waiting list.
Where is the property along Route 66?
The property sits in downtown Williams, AZ, near Historic Route 66, minutes from Bearizona, Canyon Coaster Park, and the Grand Canyon Railway, with the Grand Canyon South Rim about 60 miles away.
What is the zoning and redevelopment potential?
The property is zoned General Mixed Use (GMU), supporting the current mix of commercial office and residential apartment use in downtown Williams, with flexibility for future redevelopment under city review.
Property Tour
See the property in motion
This marketing video uses CGI for visual effects and composition; verify property details independently.
Strategic Location
Corridor between Phoenix and the Grand Canyon
Williams, Arizona sits at the intersection of I-40 and historic Route 66 — 30 minutes south of Flagstaff, 60 miles from the Grand Canyon South Rim, and roughly 3 hours from Phoenix. The entire downtown is listed on the National Register of Historic Places, and the town attracts approximately 3 million visitors annually to its tourism-driven economy.
For Phoenix and Flagstaff investors, Williams offers a compelling alternative: lower entry costs, higher yield potential, and a diversified tenant base supported by year-round tourism demand.
60 mi
Grand Canyon South Rim
~30 min
Flagstaff via I-40
~3 hrs
Phoenix Metro
I-40 Access
Major East-West Corridor
Licensed Agent
Your Agent
Mike Konefal
Coldwell Banker Northland · License #SA690466000
A very thorough and dedicated agent who provides quick responses and detailed information. Mike has been in Flagstaff for 26 years and brings deep local knowledge to every transaction. Whether you're a Phoenix investor diversifying into northern Arizona or a Flagstaff buyer expanding your portfolio, Mike provides the market analysis, investment projections, and local expertise to make informed decisions.
Request Information
Evaluate this investment opportunity
Request the full offering memorandum with financials, or schedule a private showing. Mike provides detailed market analysis, cap rate projections, and investment comparisons for qualified buyers from Phoenix and Flagstaff markets.
Direct Line
928-853-3810Coldwell Banker Northland
Northern Arizona commercial and residential real estate
Property Address
112 & 116 N. 1st St., Williams, AZ 86046
Send a Message
Offering Memorandum
Full investment package: financials, unit breakdown, cap rate analysis, renovation details, and market comparables. Available for qualified investors.
Market Intelligence
Why investors are choosing Williams, AZ
June 12, 2026
Why Commercial Investors Are Looking at Williams, Arizona
Tourism-driven demand, limited commercial inventory, and a historic downtown revitalization are drawing investor attention to this Grand Canyon gateway town.
May 28, 2026
Route 66 Revival: Downtown Williams' Historic Business District
Listed on the National Register of Historic Places, Williams' four-block downtown corridor is experiencing a renaissance in commercial and hospitality investment.
April 15, 2026
Gateway to the Grand Canyon: Williams' Tourism-Driven Economy
With over 6 million annual Grand Canyon visitors passing through, Williams captures a significant share of northern Arizona's tourism-driven commerce.
The Local's Guide
Things to do in Williams & northern Arizona
Route 66 neon, the Grand Canyon Railway, Bearizona, Kaibab forest trails, and Flagstaff day trips, all reachable from one small mountain town. This page is a working local's guide, with a new activity post added every week and every detail checked against official sources.