$2,250,000
Prescott, AZ 86301
MLS# 1066875
Status: Closed
8072 sqft
1 / 21
Property Description
Fully leased investment opportunity within this totally renovated commercial building located in the heart of vibrant downtown Prescott, AZ. Prime location with high foot traffic and excellent visibility. Situated in the bustling downtown district of Prescott, this property benefits from a dynamic and diverse commercial environment. The building has undergone a comprehensive renovation in 2018, incorporating modern finishes and state-of-the-art amenities while preserving its unique character and charm. The upgrades include new HVAC systems, electrical wiring, plumbing, elevator and high-quality interior finishes. With its strong rental income and recent renovations, this property offers an attractive capitalization rate, reflecting its value and potential for continued growth.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 279
Neighborhood: N/A
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: DTB
Zoning Description: Downtown Business
Assessor's Book #: 113
Assessor's Map #: 15
Assessor's Parcel #: 94
Legal: LOT 20 BLOCK 7 PRESCOTT BOOK 4 PAGE 22
General Property Description
Aprx Acres: 0.29
Lot Size: 12710
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 21
Management: Owner
Vac Rate %: 0
CAM $: 2.3
GRM: 0
CC & R Fees: 8073
Property Use: Vacant/Owner Users
Construction Status: Existing
Space Available: No
Total Liveable SqFt: 8072
Year Built: 1979
NOI $: 130000
Cap %: 6
Baths - Full: 3
Tax Info
Taxes: 17942
Tax Year: 2023
Remarks & Misc
Directions: West on Gurley Street to building on right between Gurley Street Grill and Prescott Public House.
Remarks: Fully leased investment opportunity within this totally renovated commercial building located in the heart of vibrant downtown Prescott, AZ. Prime location with high foot traffic and excellent visibility. Situated in the bustling downtown district of Prescott, this property benefits from a dynamic and diverse commercial environment. The building has undergone a comprehensive renovation in 2018, incorporating modern finishes and state-of-the-art amenities while preserving its unique character and charm. The upgrades include new HVAC systems, electrical wiring, plumbing, elevator and high-quality interior finishes. With its strong rental income and recent renovations, this property offers an attractive capitalization rate, reflecting its value and potential for continued growth.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 279
Financing: Conventional
Under Contract Date: 2024-12-10
Sold Date: 2024-12-19
Sold Price: $2,250,000
Building Type
2-4 Units: 1
Office - Building: 1
Construction
Block/Brick: 1
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
See Remarks: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Other - See Remarks: 1
Flooring
Carpet: 1
Concrete: 1
Laminate: 1
Tile: 1
Heating
Natural Gas: 1
Possession
Subject to Tenant: 1
Records Available
As-Built: 1
Elect/HVAC Plan: 1
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Welded Membrane: 1
Bathrooms
ADA: 1
Separate M and W: 1
Business Location
Freestanding Bldg: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Other - See Remarks: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Other - See Remarks: 1
Internal Amenities
Elevator(s): 1
Fire/Smoke Detector: 1
Security/Alarm: 1
Sprinklers: 1
Parking
On-Site: 1
Other - See Remarks: 1
Pets/Animals
None: 1
ContractAddressLegal
Original List Price: 2250000
Listing Date: 2024-08-19
Status: Closed
Listing Price: 2250000
Street #: 222
Direction: W
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Prescott
County: Yavapai
Tax Parcel: 113-15-094
Property Features
Bathrooms: ADA; Separate M and W
Building Type: 2-4 Units; Office - Building
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. 12-15; Other - See Remarks
Construction: Block/Brick; Frame - Wood; Stucco
Cooling: Central Air; See Remarks
External Amenities: Handicap Access; Landscaped; Paved Parking; Other - See Remarks
Flooring: Carpet; Concrete; Laminate; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Elevator(s); Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site; Other - See Remarks
Possession: Subject to Tenant
Records Available: As-Built; Elect/HVAC Plan; Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Welded Membrane
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer; Other - See Remarks
Listing Office: Prescott Commercial Real Estate
Last Updated: December - 20 - 2024
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