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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