$368,000
Prescott, AZ 86305
MLS# 1053093
Status: Closed
2 baths | 1801 sqft
1 / 37
Property Description
Very nice investment opportunity in Yavapai County just outside the City of Prescott. The successful business located there has one year remaining on its lease, with an option for three more years, and the tenant hopes to stay. Nearly half of the property is devoted to parking. The 6% cap rate would be a welcome addition to any commercial real estate portfolio.
Details
Maps
Contract/Address/Legal
Original List Price: 400000
Listing Date: 2022-12-19
Status: Closed
Listing Price: 400000
List Price/SqFt: 222
Street #: 1590
Street Name: Swenson
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Comm Type: Other
Zoning: C-2
Business Type: Tavern
Tax Parcel: 115-06-001A
Assessor's Book #: 115
Assessor's Map #: 6
Assessor's Parcel #: 1
Assessor Parcel Ltr: A
REO/Short Sale: Not Applicable
Legal: FORBING PARK ALL OF LOT 1 BLOCK 1 LESS IRREG PCL NW COR APPROX 104' SELY ALONG NLY LINE FROM NW COR OF LOT 1 SEC 29-14-2W CONT .49AC
General Property Description
Lot Size: 21344
Aprx Acres: 0.49
Buildings: 1
Total Liveable SqFt: 1801
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 20
Year Built: 1967
Management: Owner
NOI $: 23921
Cap %: 6
Baths - Full: 1
GRM: 13.6
Property Use: Investment Prop
Total Bathrooms: 2
Tax Info
Taxes: 2279
Tax Year: 2022
Remarks & Misc
Directions: From Prescott, Iron Springs Rd. to left on Meadowridge Rd., left on Adams, right on Swenson to property on corner.
Office/Member Info
Listing Exclusions: No
Compensation: 3
Compensation Type: %
Status Change Info
Under Contract Date: 2023-01-09
Sold Date: 2023-01-20
Sold Price: $368,000
Sold Price/SqFt: 204
Financing: Cash
Property Features
Bathrooms: Separate M and W
Building Type: Bar; Food Service
Business Location: Freestanding Bldg
Commercial Amenities: Grade Level; Ceiling Ht. Under 12
Construction: Frame - Wood
Cooling: Evaporative Cooling; Room A/C
External Amenities: Fence
Flooring: Concrete; Vinyl
Heating: Electric; Natural Gas; Natural Gas
Internal Amenities: Bathroom
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: County; County Maintained Road; Paved
Roof: Asphalt Shingle
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Listing Office: Prescott Commercial Real Estate
Last Updated: January - 23 - 2023
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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