301 Whipple Street, Prescott, AZ 86301
$2,050,000
Property Type:
Commercial/Indstrial
Square Footage:
10,462
Lot Size (sq. ft.):
33,977
Status:
Active
Current Price:
$2,050,000
List Date:
8/21/2024
Last Modified:
9/24/2024
Description
Portfolio of two well located multi-tenant properties. Originally built for the current Seller, they are well constructed, well maintained. A mix of retail and office with a total of 5 tenants in 10,462 SF. Tenants are a fitness center, insurance, construction, interior design and photography studio. Both properties are in main traffic corridors with high visibility. Low rents with some short-term leases allow you to build income. Price per square foot is well below replacement cost. 301 Whipple Street, built in 2007, has three long-term tenants in a total of 5,626 SF. 1702 Willow Creek, built in 2003, includes an interior design studio and photography studio in 4,836 SF. Current 5.95% cap rate with low rents. Quality buildings with opportunity for income growth.
More Information MLS# 1066889
ContractAddressLegal
Original List Price: 2150000
Listing Date: 2024-07-24
Status: Active
Listing Price: 2050000
Street #: 301
Street Name: Whipple
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: None
County: Yavapai
Tax Parcel: 113-02-072B
General Property Description
Lot Size: 33969
Aprx Acres: 0.78
Buildings: 2
Total Liveable SqFt: 10462
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 30
Year Built: 2007
Management: Owner
Gross Vol/Yr $: 153744
NOI $: 127879
Cap %: 6.24
Baths - Full: 5
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 5626
Space Available: No
CC & R Fees: 5627
Tax Info
Taxes: 10351
Tax Year: 2023
Property Features
Bathrooms: Interior
Building Type: 2-4 Units; Office - Building; Retail - Free Stand
Business Location: Corner Location; Freestanding Bldg; Multiple Locations; Traffic Signal
Commercial Amenities: Other - See Remarks
Construction: Other - See Remarks
Cooling: See Remarks
External Amenities: Paved Parking
Flooring: See Remarks
Heating: Zoned
Internal Amenities: Bathroom; Other - See Remarks
Parking: On-Site
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Other - See Remarks
Utilities Installed: Other - See Remarks
Listing Office: Invest Southwest
Last Updated: September - 24 - 2024
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