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
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.
More Information MLS# 1066819
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
General Property Description
Aprx Acres: 0.92
Lot Size: 40075
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 2
Floor: 2
Parking Spaces: 22
Management: Owner
Gross Vol/Yr $: 368337.75
Vac Rate %: 10
CAM $: 107299.68
GRM: -
Traffic Count Per Day: 28360
Property Use: Investment Prop
Total Liveable SqFt: 10155
Year Built: 1957
NOI $: 261083.08
Cap %: 8.03
Baths - Full: 29
Tax Info
Taxes: 8586
Tax Year: 2023
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.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 256
Financing: Conventional
Under Contract Date: 2025-02-04
Sold Date: 2025-04-30
Sold Price: $2,600,000
Building Type
5+ Units: 1
Motel/Hotel: 1
Construction
Stucco: 1
Cooling
See Remarks: 1
External Amenities
Landscaped: 1
Paved Parking: 1
Flooring
Vinyl: 1
Heating
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
Paved: 1
Roof
Rolled/Hot Mop: 1
Bathrooms
Interior: 1
Business Location
Commercial Strip: 1
Freestanding Bldg: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Submit: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Utilities Installed
Master Meter: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Ceiling Fan(s): 1
Fire/Smoke Detector: 1
Parking
On-Site: 1
Storage: 1
Street Parking: 1
Trailer: 1
ContractAddressLegal
Original List Price: 4200000
Listing Date: 2024-08-17
Status: Closed
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
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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