117 N Cortez, Prescott, AZ 86301
$1,350,000
Property Type:
Commercial/Indstrial
Baths:
3
Square Footage:
10,000
Status:
Closed
Current Price:
$1,350,000
List Date:
6/06/2015
Last Modified:
4/02/2018
Description
Excellent Owner/User and/or Investment Opportunity (Pro-Forma Going-in Cap at 6.8%) with upside in rents. Purchase this 10,000 sf high traffic retail/residential building in heart of downtown Prescott. Offered at $1,500,000 and situated on .17 acres of prime downtown business zoned land, this building offers great frontage, visibility and signage on Cortez St. The current Antique Mall tenant occupies approx. 7,500 sf. and will be vacating in the near future. In addition, enjoy the spacious 2,500 sf residence located directly east and behind the commercial building off alley way. Owner may carry with approval of Buyer’s financials/credit.
Supplements: Enjoy this spacious 2,500 sf residence located in the heart of downtown Prescott. Totally private and quite, this single level main floor living features an open floor plan, 15 foot ceilings, wood floors and a 625 sf, 2.5 car private garage off alley with remote garage door plus room for storage. The floor plan includes a large living/dining room, complete kitchen with gas range and copper vent, large open area for multiple bedrooms, one full & one ½ bath. Up the spiral staircase to a wide open loft area. Live/Work in the heart of Downtown Prescott. Owner may carry with approval of Buyer's financials/credit.
More Information MLS# 987304
ContractAddressLegal
Original List Price: 1500000
Listing Date: 2015-06-05
Status: Closed
Listing Price: 1500000
Street #: 117
Direction: N
Street Name: Cortez
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 113-16-059
General Property Description
Buildings: 1
Total Liveable SqFt: 10000
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 3
Year Built: 1944
Management: Owner
NOI $: 102000
Cap %: 6.8
CAM $: 2.5
Baths - Full: 2
GRM: 14.7
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Total Bathrooms: 3
CC & R: No
Tax Info
Taxes: 4729
Tax Year: 2014
Status Change Info
Under Contract Date: 2015-12-02
Sold Date: 2015-12-02
Sold Price: $1,350,000
Sold Price/SqFt: 135
Financing: Cash
Property Features
Bathrooms: Unisex
Building Type: 2-4 Units; Retail - Free Stand; Other - See Remarks
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. 12-15
Construction: Block/Brick; Stucco
Cooling: Central Air; Evaporative Cooling
External Amenities: Handicap Access; Other - See Remarks
Flooring: Carpet; Vinyl; Wood
Heating: Natural Gas; Natural Gas
Internal Amenities: Other - See Remarks
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Welded Membrane
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: April - 02 - 2018
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