303-305 N Summit Avenue, Prescott, AZ 86301
$970,000
Property Type:
Commercial/Indstrial
Square Footage:
8,000
Lot Size (sq. ft.):
33,106
Status:
Closed
Current Price:
$970,000
List Date:
6/06/2023
Last Modified:
8/15/2023
Overview
Description
Listing Details MLS# 1056726
ContractAddressLegal
- Original List Price
- 1195000
- Listing Price
- 1195000
- Street #
- 303-305
- Direction
- N
- Street Name
- Summit
- St Suffix
- Avenue
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86301
- County
- Yavapai
- Tax Parcel
- 113-09-040B
General Property Description
- Aprx Acres
- 0.76
- Buildings
- 2
- Total Liveable SqFt
- 8000
- Source of Measuremnt
- County Assessor
- Stories
- Yes
- Parking Spaces
- 10
- Year Built
- 1973
- Management
- Owner
- Gross Vol/Yr $
- 57120
- NOI $
- 46400
- Cap %
- 3.9
- CAM $
- 1.34
- Baths - Full
- 3
- GRM
- n/a
- CC & R
- No
- CC & R Type
- None
- Amps
- 220
- Vac Rate %
- 0
Tax Info
- Taxes
- 6604
- Tax Year
- 2022
Status Change Info
- Under Contract Date
- 2023-06-25
- Sold Date
- 2023-08-14
- Sold Price/SqFt
- 121
- Financing
- Cash
Construction
- Bay Door Height
- 12 and 14
- Frame - Steel
- Yes
Contract/Address/Legal
- List Price/SqFt
- 149
- Comm Type
- Industrial
- REO/Short Sale
- Not Applicable
- Zoning
- IL
- Zoning Description
- industrial light
- Assessor's Book #
- 113
- Assessor's Map #
- 9
- Assessor's Parcel #
- 40
- Assessor Parcel Ltr
- B
- Legal
- AN IRREG SHAPED PCL THE SW COR LYNG APPROX 1540' NLY & 2115' ELY FROM THE SW SEC COR SEC 33-14-2W CONT .75AC 3901/316
More Information
Remarks & Misc
- Directions
- From the Courthouse Square take Gurley west to Grove, turn Right on W Sheldon. (Pass the the Local). Turn Left on Summit. The property will be on the left.
- Remarks
- VALUE ADD opportunity. Rental rates are WELL below market. The 5000 sf lease is with Granite Kitchen Concepts, an automated granite fab facility with (4) 14 ft overhead doors, 20ft ceiling, overhead crane and water filtration system. The rent is currently about half price and has provisions to go to market rate in 2025. Pride of ownership shows in the Prescott Builders 2000 sf space, featuring the ''nicest shop restroom I have ever seen''. Sanders Plaster uses the remaining 1000 sf space for storage warehouse. 303 Summit has its own water, gas and electric meter. 220A and 3-phase. Fenced yard space. 305 Summit has 3 gas and electric meters and 1 water meter. Fenced yard space. Please see flyer in docs tab for rent rolls etc. There is an access easement for the property behind.
Office/Member Info
- Listing Exclusions
- No
Building Type
- 2-4 Units
- Yes
- Indust - Flex Space
- Yes
- Indust - Showroom
- Yes
- Indust - Warehouse
- Yes
- Indust-Manufacturing
- Yes
- Office - Warehouse
- Yes
Cooling
- Room A/C
- Yes
- Warehouse Evap
- Yes
External Amenities
- Handicap Access
- Yes
- Paved Parking
- Yes
- Security Lights
- Yes
Flooring
- Concrete
- Yes
- Laminate
- Yes
- Tile
- Yes
Heating
- Natural Gas
- Yes
Possession
- At Recordation
- Yes
Records Available
- Survey
- Yes
Road Responsibility
- City Maintained Road
- Yes
Roof
- Metal
- Yes
Bathrooms
- Staff
- Yes
Business Location
- Freestanding Bldg
- Yes
Terms & Conditions
- 1031 Exchange
- Yes
- Conventional
- Yes
- Submit
- Yes
Commercial Amenities
- Ceiling Ht. 12-15
- Yes
- Ceiling Ht. 16+
- Yes
Utilities Installed
- 220
- Yes
- 3 Phase
- Yes
- Individual Meter
- Yes
- Master Meter
- Yes
- Natural Gas
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Internal Amenities
- Bathroom
- Yes
Parking
- On-Site
- Yes
Pets/Animals
- None
- Yes
Property Features
Bathrooms:
Staff
Building Type:
2-4 Units; Indust - Flex Space; Indust - Showroom; Indust - Warehouse; Indust-Manufacturing; Office - Warehouse
Business Location:
Freestanding Bldg
Commercial Amenities:
Ceiling Ht. 12-15; Ceiling Ht. 16+
Construction:
Frame - Steel
Cooling:
Room A/C; Warehouse Evap
External Amenities:
Handicap Access; Paved Parking; Security Lights
Flooring:
Concrete; Laminate; Tile
Heating:
Natural Gas; Natural Gas
Internal Amenities:
Bathroom
Parking:
On-Site
Possession:
At Recordation
Records Available:
Survey
Road Responsibility:
City Maintained Road
Roof:
Metal
Utilities Installed:
220; 3 Phase; Individual Meter; Master Meter; Natural Gas; Water - City; WWT - City Sewer
FLYER ›
Listing Office:
HUB Commercial
Last Updated: August - 15 - 2023
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