If you're an investor in Phoenix or Flagstaff looking for a cash-flowing, zero-hassle addition to your portfolio, pay attention: a fully renovated, 100%-occupied mixed-use property is now available in downtown Williams, Arizona — the historic Route 66 gateway to the Grand Canyon. This is the kind of turnkey opportunity that rarely hits the market in a market this tight.
The Property at a Glance
112 & 116 N. 1st St. is a mixed-use complex spanning 3 parcels with 7 income-producing units across 6,448 square feet. The breakdown:
- 2 commercial office spaces with on-street parking in the heart of downtown
- 5 residential apartment units serving the local workforce
- 100% occupancy with a strong waiting list — zero vacancy
- Fully renovated in 2025 with modern finishes throughout
- General Mixed Use zoning for maximum flexibility
- Fenced parking area, private courtyard, and one unit with an EV charging station
This is a dual-income-stream asset: commercial office leases and residential rents work together, providing the kind of diversified cash flow that weathers market cycles better than single-use properties. When one unit turns over, the other income stream keeps performing. Right now, both are performing — at full capacity.
Location: The Grand Canyon Gateway
Williams, Arizona sits at the crossroads of tourism and small-town stability. The town is the southern gateway to the Grand Canyon, which draws roughly 6 million visitors a year. The Grand Canyon Railway departs from the Williams depot daily. Bearizona Wildlife Park, Canyon Coaster Adventure Park, and the Kaibab National Forest keep traffic flowing year-round — not just in summer.
For investors, the location offers a rare combination: a tourism-driven economy with the infrastructure of a real town. Williams sits directly on Interstate 40, roughly 30 minutes south of Flagstaff and about 3 hours from Phoenix. That accessibility means you can manage the asset without relocating, and your tenants have access to a broader employment corridor.
Why This Matters Now
Northern Arizona's commercial inventory is constrained. Williams' historic downtown — listed on the National Register of Historic Places — limits new construction, which keeps existing properties in high demand. Mixed-use buildings with both commercial and residential components are especially scarce. A fully renovated, fully occupied property with zero vacancy and a waiting list is the definition of a turnkey investment.
Whether you're a seasoned investor adding a northern Arizona asset or a Phoenix-based buyer diversifying outside the metro, this property checks every box: income-producing from day one, recently renovated, diversified tenant base, and positioned in one of the state's most recognizable tourism corridors.
See the Full Details
Photos, the complete area guide, and the offering memorandum are available on the property website:
https://112-116-n-1st-st-williams-az.huzi.site/
Talk to the Listing Agent
For a private showing, financial details, or to request the offering memorandum, contact Mike Konefal with Coldwell Banker Northland:
928-853-3810
Mike is a licensed Arizona agent (SA690466000) with over 26 years in the Flagstaff area and deep expertise in northern Arizona commercial and residential real estate.
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