122 N Cortez Street, Prescott, AZ 86301

$3,200,000
Property Type: Commercial/Indstrial Baths: 16 Square Footage: 50,903 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $3,200,000 List Date: 6/28/2021 Last Modified: 4/01/2022

Description

Historic ''MID-CENTURY MODERN'' flex building, concrete structure, built in 1963. 3 STORIES of office space with elevator, restrooms on each floor and in some of the offices. 4th FLOOR has 2,183 sf penthouse with mechanicals for building. LOWER LEVEL secured parking garage with 34 parking spaces. Zoned multiple HVAC Units. Street parking, city parking lot behind building and city parking garage within 1.5 blocks. Beautiful building with enormous potential for multi use space. Zoned DTB-Downtown Business district allows business and/or residential uses. SPACE AVAILABLE FOR LEASE.

More Information MLS# 1000617

Contract/Address/Legal

List Price/SqFt: 71 Comm Type: Office REO/Short Sale: Not Applicable Zoning: DTB Business Name: BULLERI BUILDING Zoning Description: downtown business Business Type: office or retail Assessor's Book #: 113 Assessor's Map #: 15 Assessor's Parcel #: 108 Legal: LOT 13 BLOCK 8 PRESCOTT

General Property Description

Aprx Acres: 0.34 Lot Size: 15000 Buildings: 1 Source of Measuremnt: County Assessor Stories: 3 Floor: 4 Parking Spaces: 34 Management: Owner Gross Vol/Yr $: 0 Vac Rate %: 25 CAM $: 0 GRM: 0 CC & R: No CC & R Type: None Property Use: Investment Prop Construction Status: Existing Space Available: Yes Date Available: 2017-01-21 Total Liveable SqFt: 50903 Year Built: 1963 Baths - Full: 30 Total Bathrooms: 16

Tax Info

Taxes: 27069.22 Tax Year: 2016

Remarks & Misc

Directions: From Gurley Street, N on Cortez Street to property on the west side of the street next to The Office Restaurant. Remarks: Historic ''MID-CENTURY MODERN'' flex building, concrete structure, built in 1963. 3 STORIES of office space with elevator, restrooms on each floor and in some of the offices. 4th FLOOR has 2,183 sf penthouse with mechanicals for building. LOWER LEVEL secured parking garage with 34 parking spaces. Zoned multiple HVAC Units. Street parking, city parking lot behind building and city parking garage within 1.5 blocks. Beautiful building with enormous potential for multi use space. Zoned DTB-Downtown Business district allows business and/or residential uses. SPACE AVAILABLE FOR LEASE.

Office/Member Info

Listing Exclusions: No

Status Change Info

Sold Price/SqFt: 63 Financing: Cash Under Contract Date: 2021-10-27 Sold Date: 2022-04-01 Sold Price: $3,200,000

Building Type

5+ Units: 1 Food Service: 1 Motel/Hotel: 1 Office - Building: 1 Other - See Remarks: 1

Construction

Block/Brick: 1 Frame - Steel: 1 Other - See Remarks: 1

Cooling

Central Air: 1

External Amenities

Handicap Access: 1 Paved Parking: 1 Security Lights: 1 Other - See Remarks: 1

Flooring

Carpet: 1 Tile: 1 Other: 1 See Remarks: 1

Heating

Natural Gas: 1 Zoned: 1

Possession

At Recordation: 1

Records Available

Other - See Remarks: 1

Road Responsibility

City: 1 City Maintained Road: 1

Roof

Welded Membrane: 1

Bathrooms

ADA: 1 Interior: 1 Public: 1 Separate M and W: 1

Business Location

Freestanding Bldg: 1 Office/Professional: 1 Other - See Remarks: 1

Terms & Conditions

1031 Exchange: 1 Conventional: 1

Commercial Amenities

Grade Level: 1 Other - See Remarks: 1

Utilities Installed

220: 1 Electricity: 1 Master Meter: 1 Natural Gas: 1 Telephone: 1 Water - City: 1 WWT - City Sewer: 1

Internal Amenities

Bathroom: 1 Elevator(s): 1 Fire/Smoke Detector: 1

Parking

On-Site: 1 Street Parking: 1 Other - See Remarks: 1

ContractAddressLegal

Original List Price: 5390000 Listing Date: 2017-01-21 Status: Closed Listing Price: 3600000 Street #: 122 Direction: N Street Name: Cortez St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86301 County: Yavapai Tax Parcel: 113-15-108

Property Features

Bathrooms: ADA; Interior; Public; Separate M and W Building Type: 5+ Units; Food Service; Motel/Hotel; Office - Building; Other - See Remarks Business Location: Freestanding Bldg; Office/Professional; Other - See Remarks Commercial Amenities: Grade Level; Other - See Remarks Construction: Block/Brick; Frame - Steel; Other - See Remarks Cooling: Central Air External Amenities: Handicap Access; Paved Parking; Security Lights; Other - See Remarks Flooring: Carpet; Tile; Other; See Remarks Heating: Natural Gas; Natural Gas; Zoned Internal Amenities: Bathroom; Elevator(s); Fire/Smoke Detector Parking: On-Site; Street Parking; Other - See Remarks Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road Roof: Welded Membrane Utilities Installed: 220; Electricity; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Carrera Investments, LLC
Last Updated: April - 01 - 2022
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