$1,125,000
Prescott, AZ 86301
MLS# 1008100
Status: Closed
8272 sqft
1 / 34
Property Description
INVESTORS! This building is in Prescott's OPPORTUNITY ZONE! See tab for details or call agent. This historic building was originally built in 1900 and served as the historic Prescott Hotel. The building was reconstructed in 1949 and, in approximately 1979, was retrofitted with steel I-beams and metal studs throughout. Much of the original historic architecture still exists inside this Prescott landmark. The building served in its latest form as the Territorial Courthouse, a full-scale fitness center with racquetball courts. Owner has approved plans to build 6 condos, a craft bar and retail space to create over 12,000 sq. feet of space. A Preliminary Plat map with proposed divisions has been submitted.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 157
Comm Type: Other
REO/Short Sale: Not Applicable
Zoning: DTB
Zoning Description: Downtown Prescott
Business Type: Retail
Assessor's Book #: 113
Assessor's Map #: 15
Assessor's Parcel #: 105
Legal: PRESCOTT LOT 9 BLK 8
General Property Description
Aprx Acres: 0.17
Lot Size: 7405
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 3
Floor: 3
Parking Spaces: 12
Management: Owner
Vac Rate %: 0
CAM $: 0
GRM: NA
CC & R Fees: 8272
Construction Status: Existing
Date Available: 2017-11-20
Total Liveable SqFt: 8272
Year Built: 1949
Baths - Full: 7
Tax Info
Taxes: 4932
Tax Year: 2017
Remarks & Misc
Directions: On the west side of Cortez between Gurley and Willis
Remarks: INVESTORS! This building is in Prescott's OPPORTUNITY ZONE! See tab for details or call agent. This historic building was originally built in 1900 and served as the historic Prescott Hotel. The building was reconstructed in 1949 and, in approximately 1979, was retrofitted with steel I-beams and metal studs throughout. Much of the original historic architecture still exists inside this Prescott landmark. The building served in its latest form as the Territorial Courthouse, a full-scale fitness center with racquetball courts. Owner has approved plans to build 6 condos, a craft bar and retail space to create over 12,000 sq. feet of space. A Preliminary Plat map with proposed divisions has been submitted.
Status Change Info
Sold Price/SqFt: 136
Financing: Cash
Under Contract Date: 2021-06-21
Sold Date: 2021-07-02
Sold Price: $1,125,000
Building Type
Other - See Remarks: 1
Construction
Architect Concept: 1
Block/Brick: 1
Frame - Steel: 1
Other - See Remarks: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Other - See Remarks: 1
Flooring
Wood: 1
Heating
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Site Plan: 1
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Rolled/Hot Mop: 1
Bathrooms
Interior: 1
Public: 1
Separate M and W: 1
Other - See Remarks: 1
Business Location
Freestanding Bldg: 1
Other - See Remarks: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. 16+: 1
Other - See Remarks: 1
Utilities Installed
Electricity: 1
Master Meter: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Security/Alarm: 1
Parking
On-Site: 1
Street Parking: 1
ContractAddressLegal
Original List Price: 16000000
Listing Date: 2017-11-21
Status: Closed
Listing Price: 1300000
Street #: 130
Direction: N
Street Name: Cortez
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Prescott Original Township
County: Yavapai
Tax Parcel: 113-15-105
Property Features
Bathrooms: Interior; Public; Separate M and W; Other - See Remarks
Building Type: Other - See Remarks
Business Location: Freestanding Bldg; Other - See Remarks
Commercial Amenities: Ceiling Ht. 16+; Other - See Remarks
Construction: Architect Concept; Block/Brick; Frame - Steel; Other - See Remarks
Cooling: Central Air
External Amenities: Handicap Access; Other - See Remarks
Flooring: Wood
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Security/Alarm
Parking: On-Site; Street Parking
Possession: At Recordation
Records Available: Site Plan; Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop
Utilities Installed: Electricity; Master Meter; Natural Gas; Water - City; WWT - City Sewer
Supplements
12 dedicated parking spaces are included behind building. Plans are available for viewing by appt. Continue owner's vision or create your own. The flavor of Prescott lives on in this historic downtown gem!
Opportunity Zone 
Listing Office: Arizona Prime Real Estate
Last Updated: November - 09 - 2021
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.