222 W Gurley Street, Prescott, AZ 86301
$2,250,000





















Property Type:
Commercial/Indstrial
Square Footage:
8,072
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$2,250,000
List Date:
8/20/2024
Last Modified:
12/20/2024
Description
Fully leased investment opportunity within this totally renovated commercial building located in the heart of vibrant downtown Prescott, AZ. Prime location with high foot traffic and excellent visibility. Situated in the bustling downtown district of Prescott, this property benefits from a dynamic and diverse commercial environment. The building has undergone a comprehensive renovation in 2018, incorporating modern finishes and state-of-the-art amenities while preserving its unique character and charm. The upgrades include new HVAC systems, electrical wiring, plumbing, elevator and high-quality interior finishes. With its strong rental income and recent renovations, this property offers an attractive capitalization rate, reflecting its value and potential for continued growth.
More Information MLS# 1066875
ContractAddressLegal
Original List Price: 2250000
Listing Date: 2024-08-19
Status: Closed
Listing Price: 2250000
Street #: 222
Direction: W
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Prescott
County: Yavapai
Tax Parcel: 113-15-094
General Property Description
Lot Size: 12710
Aprx Acres: 0.29
Buildings: 1
Total Liveable SqFt: 8072
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 21
Year Built: 1979
Management: Owner
NOI $: 130000
Cap %: 6
CAM $: 2.3
Baths - Full: 3
Property Use: Vacant/Owner Users
Construction Status: Existing
Space Available: No
CC & R Fees: 8073
Tax Info
Taxes: 17942
Tax Year: 2023
Status Change Info
Under Contract Date: 2024-12-10
Sold Date: 2024-12-19
Sold Price: $2,250,000
Sold Price/SqFt: 279
Financing: Conventional
Property Features
Bathrooms: ADA; Separate M and W
Building Type: 2-4 Units; Office - Building
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. 12-15; Other - See Remarks
Construction: Block/Brick; Frame - Wood; Stucco
Cooling: Central Air; See Remarks
External Amenities: Handicap Access; Landscaped; Paved Parking; Other - See Remarks
Flooring: Carpet; Concrete; Laminate; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Elevator(s); Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site; Other - See Remarks
Possession: Subject to Tenant
Records Available: As-Built; Elect/HVAC Plan; Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Welded Membrane
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer; Other - See Remarks
Listing Office: Prescott Commercial Real Estate
Last Updated: December - 20 - 2024
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