212 S Montezuma Street, Prescott, AZ 86303
Overview
Description
Supplements: ... (Read more) 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 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 street parking along Cortez St. Parking spaces may be available across the street via separate parking agreement. (Please click on the Video link under the Photo Tab).
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