700 W Highway 89a, Sedona, AZ 86336

The price has been reduced. The 3685 sq. ft. building formerly housed Real Estate Central. It was built in 1976 by Jim and Edith Geary, who had developed the Rolling Hills and Sedona West Subdivisions. The zoning is OP, which allows a wide variety of uses including offices, banks, rest homes, clubs, B&B's, day care, educational, medical and therapeutic facilities as well as spiritual and retreat centers for conferences and workshops. The City states it will also consider rezoning. Some suggestions include lodging, restaurants, retail, and art galleries. Water, electric and phone are to the property. City sewer, natural gas and TV cable are available across 89A at Rolling Hills. There is a First Note of $1.5M @7.0% interest, payable $11,630/month that is due on sale but may be assumable with a partial buydown. The owner prefers cash but may carry. When showing the property the security system makes periodic sounds but is not hooked up.<br/><br/>Brokered And Advertised By: Sound Investments<br/>Listing Agent: Rick G. Rosenzweig