212 S Montezuma Street, Prescott, AZ 86303

$925,000
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 ...

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

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

More Information

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
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