212 S Montezuma Street, Prescott, AZ 86303 (MLS# 991508)


$925,000
212 S Montezuma Street
Prescott, AZ 86303
MLS# 991508
Status: Closed
4707 sqft


Front of Building Looking West
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Front of Building Looking West Adjacent Buildings to North Professional Signature on Cortez Great Visibility & Street Parking on Cortez Canopy at Front Doorway Entrance Telephone Calling System for Each Tenant Rear Entrance off Alley Way Private & Fenced Parking off Alley Way Main Lobby Reception Area Reception area Reception Area Stairway to 2nd Floor Suites Main Lobby Area Looking East Men's & Women's Restrooms on Main Floor Private & Locked Mailboxes for Each Tenant Main Floor Break Room Executive Suite 1st Room Sample Office Suite Approx. 110 SF Available Office Suite 2nd Floor 212 S Montezuma Street, Prescott, AZ 86303 Available Double Oversized Suite with Skylight and Glass Wall Private Suite Available Oversized Office Suite Private Suite with Glass Door & Walls Executive Suite 2nd Room Private Suite with Multiple Windows Looking West Executive Suite with Private Restroom Second Floor Corridor with Glass Wood Framed Doors & Walls to Suites

Property Description
Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,707 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling tiles in entry/reception area and open floorplan (see floorplans in document tab above). The ''Superlative Professional Center'' is currently 100% lease with 14 professional office tenants ranging from Architects, Real Estate & Mortgage Companies to Financial Planners. Current Net Operating Income generate a 9.1% going-in Cap Rate. Approx. 8 Parking spaces located in the rear of the building off the alley way plus ample.>.Please CLICK the MORE

Details
Maps
Contract/Address/Legal
List Price/SqFt: 197
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: DTB
Business Name: Superlative Professional Office Complex
Zoning Description: Downtown Business
Business Type: Other
Assessor's Book #: 109
Assessor's Map #: 2
Assessor's Parcel #: 48
Legal: PRESCOTT S 31.75' LOT 5 BLK 19
General Property Description
Aprx Acres: 0.11
Lot Size: 4792
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 8
Management: Owner
Vac Rate %: 50
CAM $: 6
GRM: 0
Traffic Count Per Day: 0
Property Use: Investment Prop
Construction Status: Existing
Total Liveable SqFt: 4707
Year Built: 1981
NOI $: 70605
Cap %: 8
Baths - Full: 14
Tax Info
Taxes: 4512
Tax Year: 2015
Remarks & Misc
Directions: From the Downtown Prescott Courthouse Square, head South on Montezuma three lots from corner of Montezuma and Goodwin St. Brick building on West side of street next to Bricks & Bones restaurant.
Remarks: Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,707 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling tiles in entry/reception area and open floorplan (see floorplans in document tab above). The ''Superlative Professional Center'' is currently 100% lease with 14 professional office tenants ranging from Architects, Real Estate & Mortgage Companies to Financial Planners. Current Net Operating Income generate a 9.1% going-in Cap Rate. Approx. 8 Parking spaces located in the rear of the building off the alley way plus ample.>.Please CLICK the MORE
Status Change Info
Sold Price/SqFt: 197
Financing: Conventional
Under Contract Date: 2017-09-16
Sold Date: 2017-10-16
Sold Price: $925,000
Building Type
5+ Units: 1
Medical/Dental: 1
Office - Building: 1
Retail - Free Stand: 1
Construction
Frame - Wood: 1
Stucco: 1
Other - See Remarks: 1
Cooling
Gas Pack: 1
External Amenities
Fence: 1
Handicap Access: 1
Paved Parking: 1
Other - See Remarks: 1
Flooring
Laminate: 1
Tile: 1
Heating
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Rolled/Hot Mop: 1
Bathrooms
ADA: 1
Separate M and W: 1
Business Location
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
Other - See Remarks: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Ceiling Ht. Under 12: 1
Utilities Installed
220: 1
Electricity: 1
Master Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Security/Alarm: 1
Other - See Remarks: 1
Parking
On-Site: 1
Other - See Remarks: 1
ContractAddressLegal
Original List Price: 899000
Listing Date: 2015-12-04
Status: Closed
Listing Price: 925000
Street #: 212
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-02-048
Property Features
Bathrooms: ADA; Separate M and W
Building Type: 5+ Units; Medical/Dental; Office - Building; Retail - Free Stand
Business Location: Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12; Ceiling Ht. 12-15
Construction: Frame - Wood; Stucco; Other - See Remarks
Cooling: Gas Pack
External Amenities: Fence; Handicap Access; Paved Parking; Other - See Remarks
Flooring: Laminate; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Security/Alarm; Other - See Remarks
Parking: On-Site; Other - See Remarks
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop
Utilities Installed: 220; Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Supplements
Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,700 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling tiles in entry/reception area and open floorplan (see floorplans in document tab above). The "Superlative Professional Center" is currently 100% lease with 14 professional office tenants ranging from Architects, Real Estate & Mortgage Companies to Financial Planners. Current Net Operating Income generate a 9.1% going-in Cap Rate. Approx. 8 Parking spaces located in the rear of the building off the alley way plus ample street parking along Cortez St. Parking spaces may be available across the street via separate parking agreement. (Please click on the Video link under the Photo Tab).

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: September - 05 - 2019

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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