212 S Montezuma Street, Prescott, AZ 86303

$925,000

Great Visibility & Street Parking on Cortez

Telephone Calling System for Each Tenant

Private & Locked Mailboxes for Each Tenant

Available Double Oversized Suite with Skylight and Glass Wall

Private Suite with Multiple Windows Looking West

Second Floor Corridor with Glass Wood Framed Doors & Walls to Suites

Property Type: Commercial/Indstrial Square Footage: 4,707 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $925,000 List Date: 8/16/2017 Last Modified: 9/05/2019

Overview

Description

Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,707 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling tiles in entry/reception area and open floorplan (see floorplans in document tab above). The ''Superlative Professional Center'' is currently 100% lease with 14 professional office tenants ranging from Architects, Real Estate & Mortgage Companies to Financial Planners. Current Net Operating Income generate a 9.1% going-in Cap Rate. Approx. 8 Parking spaces located in the rear of the building off the alley way plus ample.>.Please CLICK the MORE

Supplements: Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,700 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling ... (Read more)

Listing Details MLS# 991508

ContractAddressLegal

Original List Price: 899000
Listing Price: 925000
Street #: 212
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-02-048

General Property Description

Aprx Acres: 0.11
Buildings: Yes
Total Liveable SqFt: 4707
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 8
Year Built: 1981
Management: Owner
Vac Rate %: 50
NOI $: 70605
Cap %: 8
CAM $: 6
Baths - Full: 14
Property Use: Investment Prop
Construction Status: Existing
GRM: No
Traffic Count Per Day: 0

Tax Info

Taxes: 4512
Tax Year: 2015

Status Change Info

Under Contract Date: 2017-09-16
Sold Date: 2017-10-16
Sold Price/SqFt: 197
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 197
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: DTB
Business Name: Superlative Professional Office Complex
Zoning Description: Downtown Business
Business Type: Other
Assessor's Book #: 109
Assessor's Map #: 2
Assessor's Parcel #: 48
Legal: PRESCOTT S 31.75' LOT 5 BLK 19

Remarks & Misc

Directions: From the Downtown Prescott Courthouse Square, head South on Montezuma three lots from corner of Montezuma and Goodwin St. Brick building on West side of street next to Bricks & Bones restaurant.
Remarks: Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,707 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling tiles in entry/reception area and open floorplan (see floorplans in document tab above). The ''Superlative Professional Center'' is currently 100% lease with 14 professional office tenants ranging from Architects, Real Estate & Mortgage Companies to Financial Planners. Current Net Operating Income generate a 9.1% going-in Cap Rate. Approx. 8 Parking spaces located in the rear of the building off the alley way plus ample.>.Please CLICK the MORE

More Information

Building Type

5+ Units: Yes
Medical/Dental: Yes
Office - Building: Yes
Retail - Free Stand: Yes

Construction

Frame - Wood: Yes
Stucco: Yes
Other - See Remarks: Yes

Cooling

Gas Pack: Yes

External Amenities

Fence: Yes
Handicap Access: Yes
Paved Parking: Yes
Other - See Remarks: Yes

Flooring

Laminate: Yes
Tile: Yes

Heating

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

ADA: Yes
Separate M and W: Yes

Business Location

Freestanding Bldg: Yes
Office/Professional: Yes

Terms & Conditions

Other - See Remarks: Yes

Commercial Amenities

Ceiling Ht. 12-15: Yes
Ceiling Ht. Under 12: Yes

Utilities Installed

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

Internal Amenities

Security/Alarm: Yes
Other - See Remarks: Yes

Parking

On-Site: Yes
Other - See Remarks: Yes

Property Features

Bathrooms: ADA; Separate M and W Building Type: 5+ Units; Medical/Dental; Office - Building; Retail - Free Stand Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12; Ceiling Ht. 12-15 Construction: Frame - Wood; Stucco; Other - See Remarks Cooling: Gas Pack External Amenities: Fence; Handicap Access; Paved Parking; Other - See Remarks Flooring: Laminate; Tile Heating: Natural Gas; Natural Gas Internal Amenities: Security/Alarm; Other - See Remarks Parking: On-Site; Other - See Remarks Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: 220; Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: September - 05 - 2019

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.