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

More Information

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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