227 - 231 N Cortez Street, Prescott, AZ 86301
Overview
Description
Supplements: ... (Read more) Ideal Owner User and/or Investment Opportunity. Located in the heart of downtown Prescott just north of the Courthouse Square at 227-231 N. Cortez St. This single-story commercial retail building totals approx. 4,551 sf (two separate parcels). Originally built in 1947, it has been renovated several times and features many building upgrades. The "Cortez Plaza" is currently home to five tenants ranging from hair stylists to other health and wellness practitioners. The building is being offered at $885,000 and a projected 6.4% going-in cap rate. The building could also be used as an owner/occupied property (please contact listing agent for more details). There are approximately 20 parking spaces located on site and in the rear of the building off of the alley way plus ample street parking along the front of Cortez and other shared parking options available.
Listing Details MLS# 1035369
ContractAddressLegal
- Original List Price
- 885000
- Listing Price
- 885000
- Street #
- 227 - 231
- Direction
- N
- Street Name
- Cortez
- St Suffix
- Street
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86301
- County
- Yavapai
- Tax Parcel
- 113-16-006A & 007B
General Property Description
- Aprx Acres
- 0.1
- Buildings
- 2
- Total Liveable SqFt
- 4551
- Source of Measuremnt
- County Assessor
- Stories
- Yes
- Parking Spaces
- 20
- Year Built
- 1991
- Management
- Owner
- Vac Rate %
- 16.5
- NOI $
- 56591
- Cap %
- 6.4
- CAM $
- 2.79
- Baths - Full
- 5
- CC & R Fees
- 3751
Tax Info
- Taxes
- 6091
- Tax Year
- 2020
Status Change Info
- Under Contract Date
- 2021-06-11
- Sold Date
- 2021-06-25
- Sold Price/SqFt
- 192
- Financing
- Cash