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

Overview

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.

Listing Details MLS# 1000617

ContractAddressLegal

Original List Price: 5390000
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

General Property Description

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

Tax Info

Taxes: 27069.22
Tax Year: 2016

Status Change Info

Under Contract Date: 2021-10-27
Sold Date: 2022-04-01
Sold Price/SqFt: 63
Financing: Cash

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

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.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

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

Construction

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

Cooling

Central Air: Yes

External Amenities

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

Flooring

Carpet: Yes
Tile: Yes
Other: Yes
See Remarks: Yes

Heating

Natural Gas: Yes
Zoned: Yes

Possession

At Recordation: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes

Roof

Welded Membrane: Yes

Bathrooms

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

Business Location

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

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Commercial Amenities

Grade Level: Yes
Other - See Remarks: Yes

Utilities Installed

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

Internal Amenities

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

Parking

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

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

Documents

FLYER ›

info sheet ›

Listing Office: Carrera Investments, LLC

Last Updated: April - 01 - 2022

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