$1,600,000
Prescott, AZ 86305
MLS# 984681
Status: Closed
10433 sqft
1 / 1
Property Description
Formerly National Bank of Arizona, this Class A commercial property is being offered For Sale at $2,000,000. This 10,433 sf free standing building, equipped with fire sprinklers throughout, offers excellent viability & signage along Iron Springs Rd. Business Regional zoning allows for a variety of uses: office, retail, medical, and fast food via an existing drive-thru. A portion of the ground floor and second floor space is also available For Lease. Suite 100 is approx. 4,285 sf and is currently configured as a bank branch with a long teller line, drive thru office & drive thru exterior canopy, 6 open and 3 private offices, break room & storage rooms, vault and restroom. Suite 101 is approx. 2,498 sf and built out as medical space which is currently occupied by the Tomar Pain Centers.
Details
Maps
Contract/Address/Legal
Original List Price: 2000000
Listing Date: 2015-02-21
Status: Closed
Listing Price: 1695000
List Price/SqFt: 162
Street #: 1055
Direction: W
Street Name: Iron Springs
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Comm Type: Office
Zoning: BR
Zoning Description: Business Regional
Tax Parcel: 115-09-026C
Assessor's Book #: 115
Assessor's Map #: 9
Assessor's Parcel #: 26
Assessor Parcel Ltr: C
REO/Short Sale: Not Applicable
Legal: HINMAN TRACT FIRST SUB AN IRREG PCL LYNG IN A PTN OF LOTS 5 6 & 7 WITH THE MOST NLY PTN LYNG APPROX 60' SE & 10.58' SW FROM THE MO ST NLY PTN OF LOT 5 SEC 29-14-2W 3578/656
General Property Description
Aprx Acres: 0.86
Buildings: 1
Total Liveable SqFt: 10433
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 42
Year Built: 1977
Management: Owner
Vac Rate %: 75
NOI $: 156082
Cap %: 7.5
CAM $: 4
Baths - Full: 3
Property Use: Vacant/Owner Users
Construction Status: Existing
Space Available: Yes
Suite #: #200
CC & R: No
Tax Info
Taxes: 18018
Tax Year: 2017
Remarks & Misc
Directions: From Downtown Prescott head West on Whipple St. which becomes Iron Springs Rd. Building on left adjacent to Miller Valley School and across from Hastings.
Office/Member Info
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2018-08-07
Sold Date: 2018-10-04
Sold Price: $1,600,000
Sold Price/SqFt: 153
Financing: Conventional
Property Features
Bathrooms: ADA; Unisex
Building Type: 2-4 Units; Medical/Dental; Office - Building; Retail - Free Stand
Business Location: Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12; Other - See Remarks
Construction: Frame - Wood; Stucco
Cooling: Gas Pack
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Vinyl
Heating: Natural Gas; Natural Gas; Zoned
Internal Amenities: Elevator(s); Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site
Possession: Other
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Welded Membrane
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Supplements
Formerly National Bank of Arizona, this Class A commercial property is being offered For Sale at $2,000,000. This 10,433 sf free standing building, equipped with fire sprinklers throughout, offers excellent viability & signage along Iron Springs Rd. Business Regional zoning allows for a variety of uses: office, retail, medical, and fast food via an existing drive-thru. A portion of the ground floor and second floor space is also available For Lease. Suite 100 is approx. 4,285 sf and is currently configured as a bank branch with a long teller line, drive thru office & drive thru exterior canopy, 6 open and 3 private offices, break room & storage rooms, vault and restroom. Suite 101 is approx. 2,498 sf and built out as medical space which is currently occupied by the Tomar Pain Centers. Second floor space is elevator served and is approx. 3,650 sf featuring 4 private offices, waiting/reception area, a very large & flexible open area, two restrooms and a large break area. Lease rates for the ground floor and second floor spaces are offered at $20/sf/yr and $12/sf/yr respectively plus NNN estimated at $4/sf/yr. Ample on-site parking with 42 spaces dedicated to this property. Great proximity to all of Prescott amenities.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: October - 05 - 2018
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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