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Listed by Invest Southwest
$875,000
Est. payment /mo
3 Baths
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1077021
Year Built 1992
Annual Tax Amount $4,853
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Office
Source paar
Property Description
Situated less than a mile south of Prescott's downtown Courthouse Square, the property fronts State Route 89, a main state highway entering Prescott from the south. The 2-story building consists of 3 suites. Current tenants include a travel agency in year 2 of a 10 year lease as anchor tenant, an esthetician studio with a new 5 year lease and a home improvement company with a new 2 year lease. Generous rent escalations allow for investment growth. The property recently had exterior paint as well as new interior paint and flooring in 2 of the suites. There are 11 on-site parking spaces which were recently re-striped as well as street parking. Collectively, these attributes position the property as a solid addition to an investment portfolio near the thriving downtown Prescott core.
Location
State AZ
County Yavapai
Zoning Business General
Interior
Interior Features Fire/Smoke Detector, Security/Alarm
Heating Electric, Heat Pump
Cooling Central Air, Heat Pump
Flooring Carpet, Tile, Wood
Exterior
Utilities Available Electricity Available, Master Meters, Phone Available, Underground Utilities, WWT - City Sewer
Roof Type Asphalt
Total Parking Spaces 11
Building
Story 2
Structure Type Frame,Stucco
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Nearby Locations
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