212-222 N Cortez Street, Prescott, AZ 86301

$1,350,000

Property Type: Commercial/Indstrial Baths: 4 Square Footage: 7,660 Lot Size (sq. ft.): 20,038 Status: Closed

Current Price: $1,350,000 List Date: 8/08/2019 Last Modified: 11/24/2020

Overview

Description

OPPORTUNITY ZONE redevelopment property in downtown Prescott, 1.5 blocks from the courthouse square. Located directly across from the historic Santa Fe Depot and a perfect location to invest your Opportunity zone / 1031 funds. Nearly 1/2 acre (.46) and zoned DTB and a part of the entertainment district overlay. Spectacular, unobstructed views of the depot, Thumb Butte and Granite Mountain, perfect location for mixed use retail/residential condos, hotel, restaurant, etc. 7660 sq. ft. building, can stay or go. Adjoining property also for sale, add an additional .22 acres and 16,168 sq. ft.of building - see MLS# 1021930. See attachments for aerial views and ALTA survey. Tenants in place in 212, 214 and 216/218, 24 hour notice to show.

Listing Details MLS# 1023529

ContractAddressLegal

Original List Price: 1599000
Listing Price: 1599000
Street #: 212-222
Direction: N
Street Name: Cortez
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 113-15-070, 113-15-067B, 113-15-069

General Property Description

Aprx Acres: 0.46
Buildings: 2
Total Liveable SqFt: 7660
Source of Measuremnt: County Assessor
Stories: Yes
Floor: Yes
Parking Spaces: 40
Year Built: 1910
Management: Mgmt Company
NOI $: 38160
Cap %: 2.4
CAM $: 9540
Baths - Full: 3
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 7660
Space Available: No
Total Bathrooms: 4
Suite #: 212, 214, 216/218
CC & R: No
Vac Rate %: 0
GRM: No

Tax Info

Taxes: 6724
Tax Year: 2019

Status Change Info

Under Contract Date: 2020-09-06
Sold Date: 2020-11-02
Sold Price/SqFt: 176
Financing: Cash

Contract/Address/Legal

List Price/SqFt: 209
Comm Type: Retail
REO/Short Sale: Not Applicable
Zoning: DTB
Legal: LOT 13 BLOCK 2 PRESCOTT; ORIGINAL TOWNSITE OF PRESCOTT REPLAT OF LOT 9 BLOCK 2 REPLAT LO T 9B (R) CONT .12AC SEC 33-14-2W M&P 50/41; LOT 11 BLOCK 2 PRESCOTT

Remarks & Misc

Directions: State Route 69 to Prescott to west on Sheldon St. to south on Cortez St. to property on west side of Cortez, addresses 212 through 222 N Cortez St.
Remarks: OPPORTUNITY ZONE redevelopment property in downtown Prescott, 1.5 blocks from the courthouse square. Located directly across from the historic Santa Fe Depot and a perfect location to invest your Opportunity zone / 1031 funds. Nearly 1/2 acre (.46) and zoned DTB and a part of the entertainment district overlay. Spectacular, unobstructed views of the depot, Thumb Butte and Granite Mountain, perfect location for mixed use retail/residential condos, hotel, restaurant, etc. 7660 sq. ft. building, can stay or go. Adjoining property also for sale, add an additional .22 acres and 16,168 sq. ft.of building - see MLS# 1021930. See attachments for aerial views and ALTA survey. Tenants in place in 212, 214 and 216/218, 24 hour notice to show.

More Information

Building Type

2-4 Units: Yes
Bar: Yes
Food Service: Yes
Office - Building: Yes
Other - See Remarks: Yes

Construction

Frame - Wood: Yes
Stucco: Yes

Cooling

Central Air: Yes
Evaporative Cooling: Yes

External Amenities

Handicap Access: Yes
Paved Parking: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl: Yes

Heating

Natural Gas: Yes

Possession

Other: Yes

Records Available

Alta Survey: Yes
Phase I: Yes
Survey: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Rolled/Hot Mop: Yes
Welded Membrane: Yes

Bathrooms

Interior: Yes
Separate M and W: Yes
Other - See Remarks: Yes

Business Location

Commercial Strip: Yes
Office/Professional: Yes
Redevelopment Area: Yes

Terms & Conditions

1031 Exchange: Yes
Lease/Purchase: Yes
Other - See Remarks: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes
Truck/Loading Dock: Yes

Utilities Installed

220: Yes
Fire Hydrant: Yes
Individual Meter: Yes
Natural Gas: Yes
Telephone: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Kitchen: Yes
Security/Alarm: Yes

Parking

On-Site: Yes
Street Parking: Yes

Property Features

Bathrooms: Interior; Separate M and W; Other - See Remarks Building Type: 2-4 Units; Bar; Food Service; Office - Building; Other - See Remarks Business Location: Commercial Strip; Office/Professional; Redevelopment Area Commercial Amenities: Ceiling Ht. Under 12; Truck/Loading Dock Construction: Frame - Wood; Stucco Cooling: Central Air; Evaporative Cooling External Amenities: Handicap Access; Paved Parking Flooring: Carpet; Tile; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Kitchen; Security/Alarm Parking: On-Site; Street Parking Possession: Other Records Available: Alta Survey; Phase I; Survey Road Responsibility: City Maintained Road Roof: Rolled/Hot Mop; Welded Membrane Utilities Installed: 220; Fire Hydrant; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer

Documents

ALTA ›

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: November - 24 - 2020

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.