1130 E Gurley Street, Prescott, AZ 86301

$2,600,000

Property Type: Commercial/Indstrial Square Footage: 10,155 Lot Size (sq. ft.): 40,075 Status: Closed

Current Price: $2,600,000 List Date: 8/17/2024 Last Modified: 5/01/2025

Overview

Description

The significance of LOCATION, INCOME, LOCATION cannot be overstated. This property boasts an exceptional location and high traffic volume in Prescott, Arizona, strategically situated between Gurley and Sheldon Street. Upon entering Prescott via State Route 69 or State Route 89, this charming historical property captures immediate attention. Known as the Apache Lodge, the new ownership has undertaken extensive renovations, transforming it into a profitable venture that generates income through long-term rentals, retail leasing, and available pad spaces. Spanning a total area of 10,155 SF, this establishment features 29 residential units, 1 retail/office space, and 2 rental pads designated for food trucks and RV parking. The residential units are available for 6 month extended stays.

Listing Details MLS# 1066819

ContractAddressLegal

Original List Price: 4200000
Listing Price: 3249000
Street #: 1130
Direction: E
Street Name: Gurley Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 114-06-100F

General Property Description

Aprx Acres: 0.92
Buildings: Yes
Total Liveable SqFt: 10155
Source of Measuremnt: County Assessor
Stories: 2
Floor: 2
Parking Spaces: 22
Year Built: 1957
Management: Owner
Vac Rate %: 10
Gross Vol/Yr $: 368337.75
NOI $: 261083.08
Cap %: 8.03
CAM $: 107299.68
Baths - Full: 29
GRM: -
Traffic Count Per Day: 28360
Property Use: Investment Prop

Tax Info

Taxes: 8586
Tax Year: 2023

Status Change Info

Under Contract Date: 2025-02-04
Sold Date: 2025-04-30
Sold Price/SqFt: 256
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 320
Neighborhood: N/A
Comm Type: Multi-Family
REO/Short Sale: Not Applicable
Zoning: BG
Zoning Description: Business General
Assessor's Book #: 114
Assessor's Map #: 6
Assessor's Parcel #: 100
Assessor Parcel Ltr: F
Legal: TRITLE TRACT PER MAP 4/71, AN IRREGULAR PORTION OF OUTLOT 2, SOUTH PARCEL CORNER APPROX 449 FT SOUTH & 310 FT EAST OF THE NW CORNER SAID OUTLOT 2

Remarks & Misc

Remarks: The significance of LOCATION, INCOME, LOCATION cannot be overstated. This property boasts an exceptional location and high traffic volume in Prescott, Arizona, strategically situated between Gurley and Sheldon Street. Upon entering Prescott via State Route 69 or State Route 89, this charming historical property captures immediate attention. Known as the Apache Lodge, the new ownership has undertaken extensive renovations, transforming it into a profitable venture that generates income through long-term rentals, retail leasing, and available pad spaces. Spanning a total area of 10,155 SF, this establishment features 29 residential units, 1 retail/office space, and 2 rental pads designated for food trucks and RV parking. The residential units are available for 6 month extended stays.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: Yes
Motel/Hotel: Yes

Construction

Stucco: Yes

Cooling

See Remarks: Yes

External Amenities

Landscaped: Yes
Paved Parking: Yes

Flooring

Vinyl: Yes

Heating

Natural Gas: Yes

Possession

At Recordation: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes
Paved: Yes

Roof

Rolled/Hot Mop: Yes

Bathrooms

Interior: Yes

Business Location

Commercial Strip: Yes
Freestanding Bldg: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
Submit: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes

Utilities Installed

Master Meter: Yes
Telephone: Yes
Underground: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Ceiling Fan(s): Yes
Fire/Smoke Detector: Yes

Parking

On-Site: Yes
Storage: Yes
Street Parking: Yes
Trailer: Yes

Property Features

Bathrooms: Interior Building Type: 5+ Units; Motel/Hotel Business Location: Commercial Strip; Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12 Construction: Stucco Cooling: See Remarks External Amenities: Landscaped; Paved Parking Flooring: Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector Parking: On-Site; Storage; Street Parking; Trailer Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: Paved Roof: Rolled/Hot Mop Utilities Installed: Master Meter; Telephone; Underground; Water - City; WWT - City Sewer

Documents

Apache Lodge OM ›

Listing Office: Prescott Commercial Real Estate

Last Updated: May - 01 - 2025

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