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325 W Gurley & 120 N Mccormick Street, Prescott, AZ 86301

$5,800,000
Property Type: Commercial/Indstrial Square Footage: 23,106 Lot Size (sq. ft.): 20,473 Status: Active
Current Price: $5,800,000 List Date: 5/01/2024 Last Modified: 10/31/2024

Description

Fully Leased Class A property in Downtown Prescott. Superior construction quality with 8'' concrete tilt up exterior walls and high end windows. The building has two floors of professional Tenants and two elevators separating commercial and residential uses. Convenient street level parking plus an additional .36 acres on North McCormick for overflow parking. The Building is in excellent condition with new roof overlay in 2020, repaint of parking garage and railing and updated HVAC system in 2020. HVAC can be managed and monitored online for convenient operation and troubleshooting. The upper level consists of 4 townhomes that are individually owned but share in the common area expenses. Consistent cash flow with a great Tenant mix and easy management structure.

More Information MLS# 1059358

ContractAddressLegal

Original List Price: 5800000 Listing Date: 2023-09-22 Status: Active Listing Price: 5800000 Street #: 325 Direction: W Street Name: Gurley & 120 N Mccormick St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86301 County: Yavapai Tax Parcel: 109-02-022H

General Property Description

Lot Size: 5183 Aprx Acres: 0.47 Buildings: 1 Total Liveable SqFt: 23106 Source of Measuremnt: County Assessor Stories: 3 Parking Spaces: 61 Year Built: 2005 Management: Owner NOI $: 347188 Cap %: 6.16 Baths - Full: 9 Property Use: Investment Prop Construction Status: Existing CC & R Fees: 24507

Tax Info

Taxes: 27214 Tax Year: 2023

Property Features

Bathrooms: ADA; Interior; Separate M and W; Shared Building Type: 5+ Units; Office - Building Business Location: Corner Location; Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. 12-15 Construction: Other - See Remarks Cooling: Central Air External Amenities: Handicap Access; Landscaped; Paved Parking; Security Lights; Other - See Remarks Flooring: Carpet; Laminate; Tile Heating: Natural Gas; Natural Gas; Zoned Internal Amenities: Bathroom; Elevator(s); Fire/Smoke Detector; Sprinklers; Other - See Remarks Parking: On-Site; Street Parking; Other - See Remarks Records Available: As-Built; Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Other - See Remarks Utilities Installed: Electricity; Natural Gas; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: October - 31 - 2024
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