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
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.
More Information MLS# 1023529
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
General Property Description
Aprx Acres: 0.46
Lot Size: 135' X 150'
Buildings: 2
Source of Measuremnt: County Assessor
Stories: 1
Floor: 1
Parking Spaces: 40
Management: Mgmt Company
Vac Rate %: 0
CAM $: 9540
GRM: 0
CC & R: No
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 7660
Space Available: No
Suite #: 212, 214, 216/218
Total Liveable SqFt: 7660
Year Built: 1910
NOI $: 38160
Cap %: 2.4
Baths - Full: 3
Total Bathrooms: 4
Tax Info
Taxes: 6724
Tax Year: 2019
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.
Status Change Info
Sold Price/SqFt: 176
Financing: Cash
Under Contract Date: 2020-09-06
Sold Date: 2020-11-02
Sold Price: $1,350,000
Building Type
2-4 Units: 1
Bar: 1
Food Service: 1
Office - Building: 1
Other - See Remarks: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
Evaporative Cooling: 1
External Amenities
Handicap Access: 1
Paved Parking: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Heating
Natural Gas: 1
Possession
Other: 1
Records Available
Alta Survey: 1
Phase I: 1
Survey: 1
Road Responsibility
City Maintained Road: 1
Roof
Rolled/Hot Mop: 1
Welded Membrane: 1
Bathrooms
Interior: 1
Separate M and W: 1
Other - See Remarks: 1
Business Location
Commercial Strip: 1
Office/Professional: 1
Redevelopment Area: 1
Terms & Conditions
1031 Exchange: 1
Lease/Purchase: 1
Other - See Remarks: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Truck/Loading Dock: 1
Utilities Installed
220: 1
Fire Hydrant: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Kitchen: 1
Security/Alarm: 1
Parking
On-Site: 1
Street Parking: 1
ContractAddressLegal
Original List Price: 1599000
Listing Date: 2019-08-08
Status: Closed
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
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
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