Prime opportunity for investor or owner-user seeking ownership in highly sought after downtown Flagstaff market. Site includes four existing apartments in a historic building, and fully permitted, shovel-ready plans to develop six additional upscale residential units and 2,200 sq ft of ground-floor commercial. Plans include ample private parking lot on site and covered two-car garage for the 3rd floor penthouse. Located in the heart of downtown Flagstaff on Leroux and Phoenix, walking distance to dozens of local restaurants, NAU, etc.