224-228 N Cortez Street, Prescott, AZ 86301

$950,000

Property Type: Commercial/Indstrial Square Footage: 16,168 Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $950,000 List Date: 6/18/2020 Last Modified: 6/20/2023

Overview

Description

Opportunity Zone! Live/Work/Play in the heart of Downtown Prescott. All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportunity Zone. The property consists of two separate buildings totaling 16,168 sf and is situated on two parcels (which have recently been combined) totaling .22 acres of prime downtown business zoned land. This building offers great street frontage, visibility and signage on both Cortez St. and Sheldon St. The rear of the building is served by an alley and can accommodate 12 parking spaces in tandem fashion. The historic property...(Click

Supplements: Opportunity Zone! Live/Work/Play in the heart of Downtown Prescott. All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportuni ... (Read more)

Listing Details MLS# 1021930

ContractAddressLegal

Original List Price: 1095000
Listing Price: 1095000
Street #: 224-228
Direction: N
Street Name: Cortez
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 113-15-066 & 067A

General Property Description

Aprx Acres: 0.22
Buildings: 2
Total Liveable SqFt: 16168
Source of Measuremnt: County Assessor
Stories: 3
Floor: 3
Parking Spaces: 18
Year Built: 1945
Management: Owner
CC & R Fees: 4950

Tax Info

Taxes: 5098
Tax Year: 2018

Status Change Info

Under Contract Date: 2020-09-14
Sold Date: 2020-11-02
Sold Price/SqFt: 59
Financing: Cash

More Information

Property Features

Bathrooms: Shared; Other - See Remarks Building Type: 5+ Units; Motel/Hotel; Office - Building; Other - See Remarks Business Location: Freestanding Bldg; Other - See Remarks Commercial Amenities: Ceiling Ht. Under 12 Construction: Stucco; Other - See Remarks Cooling: Ceiling Fan(s); Other; See Remarks External Amenities: Fence; Handicap Access Flooring: Concrete; Tile Heating: Natural Gas; Natural Gas Internal Amenities: Ceiling Fan(s); Fire/Smoke Detector Parking: On-Site; Street Parking; Other - See Remarks Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: June - 20 - 2023

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