117 N Cortez Street, Prescott, AZ 86301 (MLS# 1050155)


$2,500,000
117 N Cortez Street
Prescott, AZ 86301
MLS# 1050155
3 baths  |  10000 sqft


117 N Cortez Street, Prescott, AZ 86301
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117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301 117 N Cortez Street, Prescott, AZ 86301

Property Description
Live and Work in the heart of Downtown Prescott. Excellent Owner/User and/or Investment Opportunity with upside in rents. Purchase this +/-10,000 sf high traffic retail/residential building in the heart of downtown Prescott. Offered at $2,500,000 and situated on .17 acres of prime downtown business (DTB) zoned land. This building offers great frontage, visibility, and signage on Cortez St. The retail portion of the building is +/- 7,500 sf and is currently occupied by a well-established antique mall called ''The Marketplace'' that has occupied this space since 2018. The current lease expires in December of 2022 which provide an excellent opportunity to renegotiate the lease or occupy this space for an owner user. Directly behind the retail space is a spacious ground level residence

Details
Maps
Contract/Address/Legal
Original List Price: 250000
Listing Date: 2022-08-02
Status: Active
Listing Price: 2500000
List Price/SqFt: 250
Street #: 117
Direction: N
Street Name: Cortez
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Comm Type: Retail
Zoning: DTB
Zoning Description: Downtown Business`
Business Type: Retai & Residential
Tax Parcel: 113-16-059
Assessor's Book #: 113
Assessor's Map #: 16
Assessor's Parcel #: 59
REO/Short Sale: Not Applicable
Legal: LOT 16 BLOCK 9 PRESCOTT BOOK 4 PAGE 22
General Property Description
Lot Size: 7086
Aprx Acres: 0.16
Buildings: 1
Total Liveable SqFt: 10000
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 3
Year Built: 1963
Management: Owner
Baths - Full: 2
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Total Bathrooms: 3
CC & R: No
Tax Info
Taxes: 5047
Tax Year: 2020
Remarks & Misc
Directions: From the Downtown Courthouse Square, head North on Cortez St just four buildings from the signalized corner of Cortez & Gurley St. The building is on the right side of the street. Look for the Marketplace sign on the building.
Property Features
Bathrooms: Interior; Unisex
Building Type: 2-4 Units; Retail - Free Stand; Other - See Remarks
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. 12-15
Construction: Block/Brick; Stucco
Cooling: Central Air; Evaporative
External Amenities: Handicap Access; Other - See Remarks
Flooring: Carpet; Laminate
Heating: Gas
Internal Amenities: Other - See Remarks
Parking: On-Site
Records Available: Other - See Remarks
Road Access Maint: Maint-City; Paved
Roof: Welded Membrane
Terms & Conditions: Conventional
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Supplements
Live and Work in the heart of Downtown Prescott. Excellent Owner/User and/or Investment Opportunity with upside in rents. Purchase this +/-10,000 sf high traffic retail/residential building in the heart of downtown Prescott. Offered at $2,500,000 and situated on .17 acres of prime downtown business (DTB) zoned land. This building offers great frontage, visibility, and signage on Cortez St. The retail portion of the building is +/- 7,500 sf and is currently occupied by a well-established antique mall called "The Marketplace" that has occupied this space since 2018. The current lease expires in December of 2022 which provide an excellent opportunity to renegotiate the lease or occupy this space for an owner user. Directly behind the retail space is a spacious ground level residence that is +/-2,500 sf, 2 bedrooms, 1 ½ bath, a spiral staircase that leads to a wide-open loft area and a very large storage room, an oversized 2.5 car private garage plus room for storage. Totally private and quiet, this single level main floor living features an open floor plan, gourmet kitchen with gas range and copper vent, 15 foot ceilings, garage wood & vinyl plank floors throughout. The main entrance to the residence is off an alleyway. The building has a newer roof, new HVAC system and a comprehensive camera/security system.

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: August - 04 - 2022

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.

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