$1,979,000
Prescott, AZ 86301
MLS# 1065805
4617 sqft
1 / 4
Property Description
For the first time on the market in nearly a century, this prime location at the entrance to Prescott is now available. Located at the interchange of State Route 89 and State Route 69 together with the Junction of Gurley Street and Sheldon Street, the major roads to and from Downtown Prescott come together here. The property consists of ±1.38 acres with 2 retail buildings. Koko Grill offers an income opportunity, lease to 8/28/25, two 5-year options with annual escalations. The1,385 SF building, formerly Enterprise Rental Car, can be repurposed or redeveloped in conjunction with the excess land on this over-sized parcel. Tremendous location for a variety of commercial and/or residential uses in Business General zoning, including retail or multifamily.
Details
Maps
Contract/Address/Legal
Original List Price: 1979000
Listing Date: 2024-06-06
Status: Active
Listing Price: 1979000
List Price/SqFt: 429
Street #: 1297-1299
Direction: E
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Green Manor Heights
Neighborhood: N/A
County: Yavapai
Comm Type: Other
Zoning: BG
Zoning Description: Business General
Tax Parcel: 114-06-001
Assessor's Book #: 114
Assessor's Map #: 6
Assessor's Parcel #: 1
REO/Short Sale: Not Applicable
Legal: LOT 1 BLOCK A GREEN MANOR HEIGHTS BOOK 4 PAGE 7
General Property Description
Lot Size: 58077
Aprx Acres: 1.38
Buildings: 2
Total Liveable SqFt: 4617
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 100
Year Built: 1979
Management: Owner
Vac Rate %: 50
NOI $: 39338
Baths - Full: 2
Max Contgs/Bldg Sz: 2241
Space Available: No
CC & R Fees: 3628
Tax Info
Taxes: 12341
Tax Year: 2023
Remarks & Misc
Directions: East Gurley to South on Bradshaw. Entrance to property on left.
Office/Member Info
Compensation: 2
Compensation Type: %
Property Features
Bathrooms: Interior
Building Type: 2-4 Units; Auto; Retail - Free Stand
Business Location: Corner Location
Commercial Amenities: Roll-Up Door(s); Ceiling Ht. Under 12; Ceiling Ht. 12-15
Construction: Other - See Remarks
Cooling: Central Air
External Amenities: Paved Parking
Flooring: Carpet; See Remarks
Heating: See Remarks
Internal Amenities: Bathroom; Kitchen; Security/Alarm
Parking: On-Site
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Other - See Remarks
Pets/Animals: None
Terms & Conditions: 1031 Exchange; Conventional; SBA
Utilities Installed: Electricity; Water - City; WWT - City Sewer
Listing Office: Invest Southwest
Last Updated: July - 03 - 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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