$1,025,000
Prescott, AZ 86301
MLS# 1041705
Status: Closed
6344 sqft
1 / 67
Property Description
Excellent Investment and/or End User Opportunity. This Medical Commercial Office building is being offer at $1,050,000 or $165/sf with a proforma CAP of 8.82%. Centrally located and very close to YRMC Hospital's West campus and directly across the entrance to Prescott High School. This +/- 6,344 sf commercial building is currently 100% occupied by two tenants. Suites A & B totals +/- 3,675 sf and is occupied by Arizona's Children Association and is up for renewal on 5-31-22. Suite C which is +/-2,669 sf is currently occupied by Patterson Orthodontist who will be vacating on 12-31-21. This one-story building offers a crawl space for easy access and 55 on-site parking spaces available.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 166
Comm Type: Health Care
REO/Short Sale: Not Applicable
Zoning: BG
Business Name: Ruth Street Professional Plaza
Zoning Description: Business General
Business Type: Medical Office
Assessor's Book #: 116
Assessor's Map #: 19
Assessor's Parcel #: 10
Assessor Parcel Ltr: B
Legal: A RECT PCL NE4SW4 NW COR APPROX 1720'E 314'S FROM W4 COR 28-14-2W CONT .89AC 4419/372
General Property Description
Aprx Acres: 0.83
Lot Size: 36013
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 1
Floor: 1
Parking Spaces: 55
Management: Owner
Vac Rate %: 0
CAM $: 0
GRM: 0
Total Liveable SqFt: 6344
Year Built: 1973
NOI $: 97574
Cap %: 8.82
Baths - Full: 2
Tax Info
Taxes: 8367
Tax Year: 2021
Remarks & Misc
Directions: From Downtown Prescott, head north on Montezuma which becomes Whipple St. Turn North on Ruth St. and go approx. 1 block to building on Right across entrance to Prescott High School. Only one block east of the hospital.
Remarks: Excellent Investment and/or End User Opportunity. This Medical Commercial Office building is being offer at $1,050,000 or $165/sf with a proforma CAP of 8.82%. Centrally located and very close to YRMC Hospital's West campus and directly across the entrance to Prescott High School. This +/- 6,344 sf commercial building is currently 100% occupied by two tenants. Suites A & B totals +/- 3,675 sf and is occupied by Arizona's Children Association and is up for renewal on 5-31-22. Suite C which is +/-2,669 sf is currently occupied by Patterson Orthodontist who will be vacating on 12-31-21. This one-story building offers a crawl space for easy access and 55 on-site parking spaces available.
Status Change Info
Sold Price/SqFt: 162
Financing: Conventional
Under Contract Date: 2022-03-10
Sold Date: 2022-04-15
Sold Price: $1,025,000
Building Type
2-4 Units: 1
Medical/Dental: 1
Office - Building: 1
Construction
Block/Brick: 1
Frame - Wood: 1
Stucco: 1
Cooling
Gas Pack: 1
External Amenities
Handicap Access: 1
Paved Parking: 1
Flooring
Carpet: 1
Vinyl: 1
Heating
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Asphalt Shingle: 1
Bathrooms
ADA: 1
Interior: 1
Separate M and W: 1
Shared: 1
Business Location
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
Conventional: 1
Lease/Purchase: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - Private Sewer: 1
Internal Amenities
Other - See Remarks: 1
Parking
On-Site: 1
Other - See Remarks: 1
ContractAddressLegal
Original List Price: 1050000
Listing Date: 2021-08-29
Status: Closed
Listing Price: 1050000
Street #: 1055
Street Name: Ruth
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 116-19-010B
Property Features
Bathrooms: ADA; Interior; Separate M and W; Shared
Building Type: 2-4 Units; Medical/Dental; Office - Building
Business Location: Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12
Construction: Block/Brick; Frame - Wood; Stucco
Cooling: Gas Pack
External Amenities: Handicap Access; Paved Parking
Flooring: Carpet; Vinyl
Heating: Natural Gas; Natural Gas
Internal Amenities: Other - See Remarks
Parking: On-Site; Other - See Remarks
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Asphalt Shingle
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - Private Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: May - 08 - 2022
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