301 Whipple Street, Prescott, AZ 86301
$1,950,000
Property Type:
Commercial/Indstrial
Square Footage:
10,462
Lot Size (sq. ft.):
33,977
Status:
Closed
Current Price:
$1,950,000
List Date:
8/21/2024
Last Modified:
4/03/2025
Overview
Description
Listing Details MLS# 1066889
ContractAddressLegal
- Original List Price
- 2150000
- Listing Price
- 2050000
- Street #
- 301
- Street Name
- Whipple
- St Suffix
- Street
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86301
- Subdivision
- None
- County
- Yavapai
- Tax Parcel
- 113-02-072B
General Property Description
- Aprx Acres
- 0.78
- Buildings
- 2
- Total Liveable SqFt
- 10462
- Source of Measuremnt
- Owner
- Stories
- Yes
- Parking Spaces
- 30
- Year Built
- 2007
- Management
- Owner
- Gross Vol/Yr $
- 153744
- NOI $
- 127879
- Cap %
- 6.24
- Baths - Full
- 5
- Property Use
- Investment Prop
- Construction Status
- Existing
- Max Contgs/Bldg Sz
- 5626
- Space Available
- No
- CC & R Fees
- 5627
- Vac Rate %
- 0
- CAM $
- 0
- GRM
- No
Tax Info
- Taxes
- 10351
- Tax Year
- 2023
Status Change Info
- Under Contract Date
- 2025-01-28
- Sold Date
- 2025-04-01
- Sold Price/SqFt
- 186
- Financing
- Exchange
Contract/Address/Legal
- List Price/SqFt
- 196
- Neighborhood
- N/A
- Comm Type
- Retail
- REO/Short Sale
- Not Applicable
- Zoning
- IT, RO
- Zoning Description
- Office, Retail
- Assessor's Book #
- 113
- Assessor's Map #
- 2
- Assessor's Parcel #
- 72
- Assessor Parcel Ltr
- B
- Legal
- AN IRREG SHAPED PCL LYING WITHIN S28-T14N-R2W ALL LYING SLY OF TH E WHIPPLE STREET R/W SW COR LYING APPROX 179' ELY & 61' NLY FROM THE NW COR OF DAMERON PARK ADDN PER M&P 3/29 STR 28-14-2W CONT 0. 78AC
Remarks & Misc
- Directions
- 301 Whipple next to Sonic and 1702 Willow Creek Rd on NW Corner of Willow Creek and Rosser Street.
- Remarks
- Portfolio of two well located multi-tenant properties. Originally built for the current Seller, they are well constructed, well maintained. A mix of retail and office with a total of 5 tenants in 10,462 SF. Tenants are a fitness center, insurance, construction, interior design and photography studio. Both properties are in main traffic corridors with high visibility. Low rents with some short-term leases allow you to build income. Price per square foot is well below replacement cost. 301 Whipple Street, built in 2007, has three long-term tenants in a total of 5,626 SF. 1702 Willow Creek, built in 2003, includes an interior design studio and photography studio in 4,836 SF. Current 5.95% cap rate with low rents. Quality buildings with opportunity for income growth.
More Information
Office/Member Info
- Listing Exclusions
- No
Building Type
- 2-4 Units
- Yes
- Office - Building
- Yes
- Retail - Free Stand
- Yes
Construction
- Other - See Remarks
- Yes
Cooling
- See Remarks
- Yes
External Amenities
- Paved Parking
- Yes
Flooring
- See Remarks
- Yes
Heating
- Zoned
- Yes
Possession
- Other
- Yes
Records Available
- Other - See Remarks
- Yes
Road Responsibility
- City Maintained Road
- Yes
Roof
- Other - See Remarks
- Yes
Bathrooms
- Interior
- Yes
Business Location
- Corner Location
- Yes
- Freestanding Bldg
- Yes
- Multiple Locations
- Yes
- Traffic Signal
- Yes
Terms & Conditions
- 1031 Exchange
- Yes
- Conventional
- Yes
Commercial Amenities
- Other - See Remarks
- Yes
Utilities Installed
- Other - See Remarks
- Yes
Internal Amenities
- Bathroom
- Yes
- Other - See Remarks
- Yes
Parking
- On-Site
- Yes
Property Features
Bathrooms:
Interior
Building Type:
2-4 Units; Office - Building; Retail - Free Stand
Business Location:
Corner Location; Freestanding Bldg; Multiple Locations; Traffic Signal
Commercial Amenities:
Other - See Remarks
Construction:
Other - See Remarks
Cooling:
See Remarks
External Amenities:
Paved Parking
Flooring:
See Remarks
Heating:
Zoned
Internal Amenities:
Bathroom; Other - See Remarks
Parking:
On-Site
Possession:
Other
Records Available:
Other - See Remarks
Road Responsibility:
City Maintained Road
Roof:
Other - See Remarks
Utilities Installed:
Other - See Remarks
Listing Office:
Invest Southwest
Last Updated: April - 03 - 2025
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