$600,000
Prescott, AZ 86301
MLS# 1063589
3430 sqft
1 / 13
Property Description
This free-standing commercial store-front retail building is being offered for sale at $600,000 or $175/sf with a going-in CAP of 6.6%. This property is ideally suited as either an investment opportunity or for an owner user. Currently occupied by Able Saw who has successfully operated since 1976. The tenant's lease expires in January of 2026 and is currently paying $3,500/mo plus property taxes. A Buyer will have the option to renegotiate the current tenant's lease or occupy the building for their own use upon the lease expiration. The building enjoys excellent, high traffic visibility and signage along Miller Valley Road in addition to rear access into a large fence yard area via Division St. The building is +/- 3,430 sf and was originally built in 1953 and has had several renovation
Details
Maps
Contract/Address/Legal
Original List Price: 600000
Listing Date: 2024-04-14
Status: Active
Listing Price: 600000
List Price/SqFt: 175
Street #: 625
Street Name: Miller Valley
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86301
Neighborhood: N/A
County: Yavapai
Comm Type: Retail
Zoning: BG
Zoning Description: Business General
Business Type: Retail Showroom Ware
Tax Parcel: 113-07-010
Assessor's Book #: 113
Assessor's Map #: 7
Assessor's Parcel #: 10
REO/Short Sale: Not Applicable
Legal: LOT 1 TRACT LESS BRANNEN TRACT BOOK 3 PAGE 37
General Property Description
Lot Size: 12336
Aprx Acres: 0.28
Buildings: 1
Total Liveable SqFt: 3430
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 14
Year Built: 1959
Management: Owner
NOI $: 40000
Cap %: 6.6
Tax Info
Taxes: 2873
Tax Year: 2023
Remarks & Misc
Directions: From the Downtown Courthouse head West on Gurley St to Grove Ave. Turn North on Grove Ave which turns into Miller Valley Road. The building will be on the east side of Miller Valley Road adjacent to BiGA restaurant and just South of Hillside/Fair Street.
Office/Member Info
Compensation: 2.5
Compensation Type: %
Property Features
Bathrooms: ADA; Interior
Building Type: Indust - Flex Space; Indust - Warehouse; Retail - Free Stand
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. Under 12; Overhead Door(s)
Construction: Frame - Steel
Cooling: Gas Pack
External Amenities: Fence; Handicap Access; Paved Parking; Storage Yard
Flooring: Other
Heating: Other
Internal Amenities: Bathroom; Mezzanine
Parking: On-Site; Storage; Trailer; Truck
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Other - See Remarks
Terms & Conditions: Conventional; Submit
Utilities Installed: 3 Phase; Electricity; Master Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Supplements
This free-standing commercial store-front retail building is being offered for sale at $600,000 or $175/sf with a going-in CAP of 6.6%. This property is ideally suited as either an investment opportunity or for an owner user. Currently occupied by Able Saw who has successfully operated since 1976. The tenant's lease expires in January of 2026 and is currently paying $3,500/mo plus property taxes. A Buyer will have the option to renegotiate the current tenant's lease or occupy the building for their own use upon the lease expiration. The building enjoys excellent, high traffic visibility and signage along Miller Valley Road in addition to rear access into a large fence yard area via Division St. The building is +/- 3,430 sf and was originally built in 1953 and has had several renovations since. The building features a large and open retail floor space, an office, an ADA restroom and an upstairs storage area. There are 6 on-site parking spaces in front of the property with additional parking in the rear open yard. The property is situated on .29 acres of Business General zoned land. Seller may carry with approved down payment, credit & financials.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: April - 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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