$1,350,000
Prescott, AZ 86301
MLS# 1023529
Status: Closed
4 baths | 7660 sqft
1 / 3
Property Description
OPPORTUNITY ZONE redevelopment property in downtown Prescott, 1.5 blocks from the courthouse square. Located directly across from the historic Santa Fe Depot and a perfect location to invest your Opportunity zone / 1031 funds. Nearly 1/2 acre (.46) and zoned DTB and a part of the entertainment district overlay. Spectacular, unobstructed views of the depot, Thumb Butte and Granite Mountain, perfect location for mixed use retail/residential condos, hotel, restaurant, etc. 7660 sq. ft. building, can stay or go. Adjoining property also for sale, add an additional .22 acres and 16,168 sq. ft.of building - see MLS# 1021930. See attachments for aerial views and ALTA survey. Tenants in place in 212, 214 and 216/218, 24 hour notice to show.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 1599000
Listing Date: 2019-08-08
Status: Closed
Listing Price: 1599000
List Price/SqFt: 209
Street #: 212-222
Direction: N
Street Name: Cortez
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Comm Type: Retail
Zoning: DTB
Tax Parcel: 113-15-070, 113-15-067B, 113-15-069
REO/Short Sale: Not Applicable
Legal: LOT 13 BLOCK 2 PRESCOTT; ORIGINAL TOWNSITE OF PRESCOTT REPLAT OF LOT 9 BLOCK 2 REPLAT LO T 9B (R) CONT .12AC SEC 33-14-2W M&P 50/41; LOT 11 BLOCK 2 PRESCOTT
General Property Description
Lot Size: 135' X 150'
Aprx Acres: 0.46
Buildings: 2
Total Liveable SqFt: 7660
Source of Measuremnt: County Assessor
Stories: 1
Floor: 1
Parking Spaces: 40
Year Built: 1910
Management: Mgmt Company
NOI $: 38160
Cap %: 2.4
CAM $: 9540
Baths - Full: 3
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 7660
Space Available: No
Total Bathrooms: 4
Suite #: 212, 214, 216/218
CC & R: No
Tax Info
Taxes: 6724
Tax Year: 2019
Remarks & Misc
Directions: State Route 69 to Prescott to west on Sheldon St. to south on Cortez St. to property on west side of Cortez, addresses 212 through 222 N Cortez St.
Office/Member Info
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2020-09-06
Sold Date: 2020-11-02
Sold Price: $1,350,000
Sold Price/SqFt: 176
Financing: Cash
Property Features
Bathrooms: Interior; Separate M and W; Other - See Remarks
Building Type: 2-4 Units; Bar; Food Service; Office - Building; Other - See Remarks
Business Location: Commercial Strip; Office/Professional; Redevelopment Area
Commercial Amenities: Ceiling Ht. Under 12; Truck/Loading Dock
Construction: Frame - Wood; Stucco
Cooling: Central Air; Evaporative Cooling
External Amenities: Handicap Access; Paved Parking
Flooring: Carpet; Tile; Vinyl
Heating: Natural Gas; Natural Gas
Internal Amenities: Kitchen; Security/Alarm
Parking: On-Site; Street Parking
Possession: Other
Records Available: Alta Survey; Phase I; Survey
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop; Welded Membrane
Terms & Conditions: 1031 Exchange; Lease/Purchase; Other - See Remarks
Utilities Installed: 220; Fire Hydrant; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
ALTA 
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: November - 24 - 2020
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.
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.