1055 Ruth Street, Prescott, AZ 86301

$1,025,000

Property Type: Commercial/Indstrial Square Footage: 6,344 Lot Size (sq. ft.): 36,155 Status: Closed

Current Price: $1,025,000 List Date: 10/21/2021 Last Modified: 5/08/2022

Overview

Description

Excellent Investment and/or End User Opportunity. This Medical Commercial Office building is being offer at $1,050,000 or $165/sf with a proforma CAP of 8.82%. Centrally located and very close to YRMC Hospital's West campus and directly across the entrance to Prescott High School. This +/- 6,344 sf commercial building is currently 100% occupied by two tenants. Suites A & B totals +/- 3,675 sf and is occupied by Arizona's Children Association and is up for renewal on 5-31-22. Suite C which is +/-2,669 sf is currently occupied by Patterson Orthodontist who will be vacating on 12-31-21. This one-story building offers a crawl space for easy access and 55 on-site parking spaces available.

Listing Details MLS# 1041705

ContractAddressLegal

Original List Price: 1050000
Listing Price: 1050000
Street #: 1055
Street Name: Ruth
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 116-19-010B

General Property Description

Aprx Acres: 0.83
Buildings: Yes
Total Liveable SqFt: 6344
Source of Measuremnt: County Assessor
Stories: Yes
Floor: Yes
Parking Spaces: 55
Year Built: 1973
Management: Owner
NOI $: 97574
Cap %: 8.82
Baths - Full: 2

Tax Info

Taxes: 8367
Tax Year: 2021

Status Change Info

Under Contract Date: 2022-03-10
Sold Date: 2022-04-15
Sold Price/SqFt: 162
Financing: Conventional

More Information

Property Features

Bathrooms: ADA; Interior; Separate M and W; Shared Building Type: 2-4 Units; Medical/Dental; Office - Building Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12 Construction: Block/Brick; Frame - Wood; Stucco Cooling: Gas Pack External Amenities: Handicap Access; Paved Parking Flooring: Carpet; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Other - See Remarks Parking: On-Site; Other - See Remarks Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - Private Sewer

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: May - 08 - 2022

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