$1,250,000
Prescott, AZ 86301
MLS# 1058236
6 baths | 6926 sqft
1 / 40
Property Description
Presenting an incredible investment opportunity in a prime business location! This 6-unit commercial building offers an impressive 5.8% ROI (can be higher rents are below market value), making it a lucrative venture for any investor. Situated just 2 minutes from the downtown area, this property is in a desirable location, ensuring high visibility & foot traffic. This strategic location combined w/ the strong ROI makes it an ideal choice for both new & seasoned investors. Each of the six units within the building has been individually updated & renovated, offering modern & efficient spaces ready for occupation. Whether you're looking to expand your investment portfolio or seeking a reliable income-generating property, this commercial building is an investment that promises great returns.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 1250000
Listing Date: 2023-08-04
Status: Active
Listing Price: 1250000
List Price/SqFt: 180
Street #: 601-609
Street Name: Miller Valley
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Brannen Tract
County: Yavapai
Comm Type: Retail
Zoning: BG
Tax Parcel: 113-07-013
Assessor's Book #: 113
Assessor's Map #: 7
Assessor's Parcel #: 13
REO/Short Sale: Not Applicable
Legal: LOT 6 BLOCK 1 TRACT LESS BRANNEN TRACT BOOK 3 PAGE 37
General Property Description
Lot Size: 13250
Aprx Acres: 0.3
Buildings: 1
Total Liveable SqFt: 6926
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 17
Year Built: 1934
Management: Owner
Cap %: 5.8
Baths - Full: 6
Construction Status: Existing
Space Available: No
Total Bathrooms: 6
CC & R Fees: 6409
Tax Info
Taxes: 4449
Tax Year: 2022
Remarks & Misc
Directions: Willow Creek Rd to Miller Valley Rd, Destination on the Left
Office/Member Info
Listing Exclusions: No
Compensation: 3
Compensation Type: %
Property Features
Bathrooms: Interior; Unisex
Building Type: 5+ Units; Office - Building; Office - Warehouse; Retail - Shopping Center; Other - See Remarks
Business Location: Commercial Strip; Corner Location; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12
Construction: Block/Brick; Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Central Air
External Amenities: Fence
Flooring: Concrete; Laminate; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector
Parking: On-Site
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop; Other - See Remarks
Pets/Animals: Domestic
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Lead Based Paint 
Listing Office: Realty Executives AZ Territory
Last Updated: January - 17 - 2024
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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