Investment Prospectus
112 & 116 N. 1st St. · Downtown Williams, AZ 86046
Key Facts at a Glance
List Price
$1,909,000
New asking price · Original asking $1,950,000 · $296 per SF · $272,714 per unit
Units Total
7
2 Commercial Office Buildings + 5 Residential Apartments
Building Size
6,448 SF
Total building square footage
Zoning
General Mixed Use
Supports commercial and residential use
Renovated
2025
Fully renovated
Vacancy
ZERO
With a strong waiting list
Parking
Fenced Area
Dedicated fenced parking area
Courtyard
Private
Private courtyard for residents and staff
EV Charging
1 Unit
EV charging station on one unit
The Investment
A turnkey, income-producing asset at the Route 66 gateway to the Grand Canyon
112 & 116 N. 1st St. is a fully renovated, income-producing mixed-use property in the heart of downtown Williams, on the Route 66 corridor. Two commercial office buildings and five residential apartments span 6,448 square feet, zoned General Mixed Use, and all seven units are occupied today with a strong waiting list.
Zero vacancy with a waiting list means income from day one: the rent roll is in place, and qualified prospective tenants are already lined up for future openings. The commercial spaces anchor downtown, where tenant demand tracks the town's tourism economy.
Location completes the story. The property sits minutes from Bearizona, Canyon Coaster Park, and the Grand Canyon Railway depot, at the southern gateway to Grand Canyon tourism and its roughly three million annual visitors. For an investor, this is income-producing real estate in a market that spends all year hosting travelers.
Income from Day One
Zero vacancy and a strong waiting list mean the rent roll delivers from the moment of closing.
Diversified Income Streams
Commercial office tenants plus five residential apartments reduce single-sector risk.
Fully Renovated 2025
The complex was renovated in 2025, reducing the deferred maintenance typical of older assets.
Prime Downtown Position
Steps from historic Route 66, the Grand Canyon Railway depot, and downtown Williams foot traffic.
Inside the Asset
Recently renovated interiors and private outdoor space
A sample of the renovated commercial and residential spaces. See the full set of property photos in the gallery.
View Full GalleryWhy Williams / Route 66
A historic Route 66 town at the gateway to Grand Canyon tourism
The Route 66 corridor
Historic Route 66 runs directly through the center of downtown Williams. The Williams Historic Business District is listed on the National Register of Historic Places, and the town holds a singular place in Route 66 history: when Interstate 40 bypassed it in 1984, Williams became the last Route 66 community to be bypassed, cementing its identity as an authentic vintage corridor town.
The Grand Canyon gateway
Williams is the primary southern gateway to the Grand Canyon. The South Rim is about 60 miles north, the Grand Canyon Railway runs a scenic 65-mile journey from the Williams depot to the rim, and the town sits directly on Interstate 40, roughly 30 minutes from Flagstaff and about three hours from Phoenix. Approximately three million visitors pass through Williams each year, and this 6,448 SF downtown asset is positioned squarely inside that economy.
Williams at a Glance
~60 mi
To Grand Canyon South Rim
~3M
Annual visitors to Williams
NRHP
Historic Business District listing
1984
Last Route 66 town bypassed by I-40
6,800 ft
Elevation on the Kaibab Plateau
I-40
~30 min to Flagstaff, ~3 hrs to Phoenix
Minutes from Bearizona, Canyon Coaster Park, and the Grand Canyon Railway depot.
Ready to Take the Next Step
Schedule a private tour
Private tours of 112 & 116 N. 1st St. are available for qualified buyers. Contact Mike Konefal to walk the property, review the rent roll in person, and receive the offering memorandum and full financials on request.
Known for quick responses and detailed information, Mike serves commercial and residential real estate across Northern Arizona.
Mike Konefal
Broker Associate
Coldwell Banker Northland · Flagstaff
Real Estate Salesperson · License #SA690466000 · AZ. Offering memorandum and full financials available on request.