1239&1241 W Iron Springs Road, Prescott, AZ 86305
$1,400,000
Property Type:
Commercial/Indstrial
Square Footage:
11,854
Lot Size (sq. ft.):
37,462
Status:
Closed
Current Price:
$1,400,000
List Date:
5/13/2022
Last Modified:
11/30/2022
Listing Details MLS# 1047714
ContractAddressLegal
- Original List Price
- 1825000
- Listing Price
- 1825000
- Street #
- 1239&1241
- Direction
- W
- Street Name
- Iron Springs
- St Suffix
- Road
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86305
- County
- Yavapai
- Tax Parcel
- 115-08-079A & 079B, 115-09-039C & 039D
General Property Description
- Aprx Acres
- 0.86
- Buildings
- 2
- Total Liveable SqFt
- 11854
- Source of Measuremnt
- Owner
- Stories
- Yes
- Parking Spaces
- 33
- Year Built
- 1998
- Management
- Owner
- Vac Rate %
- 19.3
- Gross Vol/Yr $
- 147290
- NOI $
- 104646
- Cap %
- 6.8
- CAM $
- 42643
- Baths - Full
- 6
- GRM
- 10.9
- Property Use
- Vacant/Owner Users
- Construction Status
- Existing
- Space Available
- Yes
- Date Available
- 2022-05-01
Tax Info
- Taxes
- 10648
- Tax Year
- 2021
Status Change Info
- Under Contract Date
- 2022-10-11
- Sold Date
- 2022-11-18
- Sold Price/SqFt
- 118
- Financing
- Conventional
Contract/Address/Legal
- List Price/SqFt
- 154
- Comm Type
- Retail
- REO/Short Sale
- Not Applicable
- Zoning
- BR & IT
- Legal
- AN IRREG PCL IN THE W2SE4 THE NE COR BEING THE N COR LOT 1 OF HIN MAN TRACT CONT .15 AC
Remarks & Misc
- Directions
- Head West on Iron Springs Road. Property on left just before Gail Gardner Way. Located adjacent to Rilibertos Fresh Mexican food and across the street from Canyon Auto & Truck Repair.
- Remarks
- Exceptional Retail Investment Opportunity For Sale in Prescott Arizona. This multi-tenant retail center offers great exposure and monument signage along Iron Springs Road. The single-story retail center is comprised of 2 separate free-standing buildings totaling +/-11,854 sf and 6 separate suites. Situated on .86 acres, the buildings are located on 4 separate parcels that are split zoned with both Business Regional (BR) & Industrial Transition (IT) zoning allowing for many commercial uses. The Center is anchored by a Prescott's Abbey Flooring & Design which recently renewed their lease. Currently there is 1 vacancy of +/-2,288 sf. The property is being offered for sale at $1,825,000 or $153.96/sf with a going in CAP rate of 5.7% and a proforma CAP rate of 8.4% assuming the one vacancy is l
More Information
Building Type
- 5+ Units
- Yes
- Indust - Showroom
- Yes
- Retail - Free Stand
- Yes
- Retail - Shopping Center
- Yes
Construction
- Frame - Steel
- Yes
- Stucco
- Yes
Cooling
- Central Air
- Yes
- Gas Pack
- Yes
External Amenities
- Handicap Access
- Yes
- Landscaped
- Yes
- Paved Parking
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
- Tile
- Yes
- Vinyl
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Possession
- At Recordation
- Yes
Records Available
- Other - See Remarks
- Yes
Road Responsibility
- City
- Yes
- City Maintained Road
- Yes
- Paved
- Yes
Roof
- Rolled/Hot Mop
- Yes
Bathrooms
- Interior
- Yes
- Unisex
- Yes
Business Location
- Commercial Strip
- Yes
- Freestanding Bldg
- Yes
- Office/Professional
- Yes
Terms & Conditions
- Conventional
- Yes
Commercial Amenities
- Ceiling Ht. 12-15
- Yes
- Ceiling Ht. Under 12
- Yes
- Grade Level
- Yes
- Overhead Door(s)
- Yes
- Roll-Up Door(s)
- Yes
- Other - See Remarks
- Yes
Utilities Installed
- Electricity
- Yes
- Individual Meter
- Yes
- Master Meter
- Yes
- Natural Gas
- Yes
- Security System
- Yes
- Telephone
- Yes
- Underground
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Internal Amenities
- Bathroom
- Yes
- Mezzanine
- Yes
- Security/Alarm
- Yes
Parking
- On-Site
- Yes
Property Features
Bathrooms:
Interior; Unisex
Building Type:
5+ Units; Indust - Showroom; Retail - Free Stand; Retail - Shopping Center
Business Location:
Commercial Strip; Freestanding Bldg; Office/Professional
Commercial Amenities:
Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12; Ceiling Ht. 12-15; Overhead Door(s); Other - See Remarks
Construction:
Frame - Steel; Stucco
Cooling:
Central Air; Gas Pack
External Amenities:
Handicap Access; Landscaped; Paved Parking
Flooring:
Carpet; Concrete; Tile; Vinyl
Heating:
Electric; Natural Gas; Natural Gas
Internal Amenities:
Bathroom; Mezzanine; Security/Alarm
Parking:
On-Site
Possession:
At Recordation
Records Available:
Other - See Remarks
Road Responsibility:
City Maintained Road; Paved
Roof:
Rolled/Hot Mop
Utilities Installed:
Electricity; Individual Meter; Master Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office:
Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: November - 30 - 2022
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