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
Description
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.
More Information MLS# 1056726
ContractAddressLegal
Original List Price: 1195000
Listing Date: 2023-06-06
Status: Closed
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
Lot Size: 32867
Aprx Acres: 0.76
Buildings: 2
Total Liveable SqFt: 8000
Source of Measuremnt: County Assessor
Stories: 1
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
Tax Info
Taxes: 6604
Tax Year: 2022
Status Change Info
Under Contract Date: 2023-06-25
Sold Date: 2023-08-14
Sold Price: $970,000
Sold Price/SqFt: 121
Financing: Cash
Construction
Bay Door Height: 12 and 14
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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