611 Miller Valley Road, Prescott, AZ 86301 (MLS# 1045357)


$1,200,000
611 Miller Valley Road
Prescott, AZ 86301
MLS# 1045357
Status: Closed
11011 sqft


611 Miller Valley Road, Prescott, AZ 86301
  1 / 15  
611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301 611 Miller Valley Road, Prescott, AZ 86301

Property Description
On the Market for the first time in 49 years! This 7-unit multi-tenant shopping center is a perfect addition to your portfolio. The property is 100% occupied by 6 separate tenants, new roof in February of 2022, 33 parking spaces, zoned business general, and offers great exposure along Miller Valley Road. There are a lot of upsides in increasing under market base rents, adding NNN's to the gross leases, and renegotiating month to month leases. Current financials and pro-forma available with a signed NDA.

Details
Maps
Contract/Address/Legal
Original List Price: 1400000
Listing Date: 2022-02-18
Status: Closed
Listing Price: 1400000
List Price/SqFt: 127
Street #: 611
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
Zoning Description: Business General
Tax Parcel: 113-07-012
Assessor's Book #: 113
Assessor's Map #: 7
Assessor's Parcel #: 12
REO/Short Sale: Not Applicable
Legal: LOT3; LESS WLY 14 R/W LOT 4;LESS WLY13 R/W LOT 5; ALL IN BLOCK 1 TRACT LESS BRANNEN TRACT BOOK 3 PAGE 37
General Property Description
Lot Size: 25827
Aprx Acres: 0.61
Buildings: 1
Total Liveable SqFt: 11011
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 33
Year Built: 1973
Management: Owner
Gross Vol/Yr $: 87600
NOI $: 67726
Cap %: 4.84
CAM $: 19874
Baths - Full: 7
GRM: 15.98
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Date Available: 2022-02-18
CC & R Fees: 11012
Tax Info
Taxes: 9025
Tax Year: 2021
Remarks & Misc
Directions: Take Miller Valley Road to Brennan
Office/Member Info
Listing Exclusions: Yes
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2022-03-10
Sold Date: 2022-03-31
Sold Price: $1,200,000
Sold Price/SqFt: 109
Financing: Cash
Construction
# of Bays: 1
Bay Door Height: 10'
Property Features
Bathrooms: Interior; Unisex
Building Type: 5+ Units; Retail - Shopping Center
Business Location: Commercial Strip
Commercial Amenities: Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s)
Construction: Block/Brick; Frame - Wood
Cooling: Central Air
External Amenities: Handicap Access; Paved Parking; Security Lights
Flooring: Carpet; Concrete; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm
Parking: On-Site
Possession: Subject to Tenant
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: 220; Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: October - 28 - 2022


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.


Compare listings

Compare

Welcome to Flex Realty

Stay updated with the latest local quad-cities real estate market information, featured listings, and more!

 


Sign up for our newsletter. Don't miss out on important market information!