Property Type:
Commercial/Indstrial
Square Footage:
16,168
Lot Size (sq. ft.):
9,583
Status:
Closed
Current Price:
$950,000
List Date:
6/18/2020
Last Modified:
6/20/2023
Description
Opportunity Zone! Live/Work/Play in the heart of Downtown Prescott.
All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportunity Zone.
The property consists of two separate buildings totaling 16,168 sf and is situated on two parcels (which have recently been combined) totaling .22 acres of prime downtown business zoned land. This building offers great street frontage, visibility and signage on both Cortez St. and Sheldon St. The rear of the building is served by an alley and can accommodate 12 parking spaces in tandem fashion.
The historic property...(Click
Supplements: Opportunity Zone! Live/Work/Play in the heart of Downtown Prescott.
All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportunity Zone.
The property consists of two separate buildings totaling 16,168 sf and is situated on two parcels (which have recently been combined) totaling .22 acres of prime downtown business zoned land. This building offers great street frontage, visibility and signage on both Cortez St. and Sheldon St. The rear of the building is served by an alley and can accommodate 12 parking spaces in tandem fashion.
The historic property formerly served as the Depot Hotel and the Bucky O'Neil Hotel when originally constructed in both 1911 & 1913. This commercial building is not on the historic register, not fire sprinklered and not elevator served. Seller may carry upon approved Buyer's financials/credit.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
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