450 W Goodwin Street, Prescott, AZ 86303

$950,000

Property Type: Commercial/Indstrial Baths: 1 Square Footage: 5,610 Lot Size (sq. ft.): 13,939 Status: Closed

Current Price: $950,000 List Date: 1/29/2024 Last Modified: 10/02/2024

Overview

Description

Rare downtown Prescott investment opportunity. Imagine owning this very well-known, successful 10 unit office building located on high-traffic Goodwin St in the bustling downtown business district. It has all the features quality tenants, customers, & owners are after: prime location, attractive exterior/interior, large (newly blacktopped) parking lot, while being easy to maintain & manage. Owners have taken excellent care of the property including new HVAC units, new roof & new flooring so the property is a turn-key money tree. If you're interested in some of the best return potential in one of the best locations in Prescott, then you've found The ONE.

Listing Details MLS# 1061728

ContractAddressLegal

Original List Price: 1150000
Listing Price: 1150000
Street #: 450
Direction: W
Street Name: Goodwin
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-05-034

General Property Description

Aprx Acres: 0.32
Buildings: Yes
Total Liveable SqFt: 5610
Source of Measuremnt: County Assessor
Stories: 2
Floor: 2
Parking Spaces: 27
Year Built: 1980
Management: Owner
Vac Rate %: 3
Gross Vol/Yr $: 91080
NOI $: 74000
Cap %: 6
CAM $: 3304
Baths - Full: 10
GRM: 12
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Total Bathrooms: Yes
CC & R: No
CC & R Type: None

Tax Info

Taxes: 5841
Tax Year: 2023

Status Change Info

Under Contract Date: 2024-09-03
Sold Date: 2024-10-01
Sold Price/SqFt: 169
Financing: Seller Financing

Contract/Address/Legal

List Price/SqFt: 205
Neighborhood: N/A
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: BG/DTB
Zoning Description: Business General
Assessor's Book #: 109
Assessor's Map #: 5
Assessor's Parcel #: 34
Legal: LOTS 12 13 AND 14 BLOCK 2 MURPHYS 3RD ADD BOOK 2 PAGE 31

Remarks & Misc

Directions: Gurley st to south on Montezuma. West onto Goodwin. Property on left.
Remarks: Rare downtown Prescott investment opportunity. Imagine owning this very well-known, successful 10 unit office building located on high-traffic Goodwin St in the bustling downtown business district. It has all the features quality tenants, customers, & owners are after: prime location, attractive exterior/interior, large (newly blacktopped) parking lot, while being easy to maintain & manage. Owners have taken excellent care of the property including new HVAC units, new roof & new flooring so the property is a turn-key money tree. If you're interested in some of the best return potential in one of the best locations in Prescott, then you've found The ONE.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: Yes
Office - Building: Yes

Construction

Block/Brick: Yes

Cooling

Heat Pump: Yes

External Amenities

Handicap Access: Yes
Landscaped: Yes
Paved Parking: Yes
Security Lights: Yes

Flooring

Laminate: Yes
Tile: Yes
Other: Yes

Heating

Heat Pump: Yes

Possession

At Recordation: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes
Paved: Yes

Roof

Asphalt Shingle: Yes

Bathrooms

Interior: Yes
Separate M and W: Yes

Business Location

Freestanding Bldg: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
Other - See Remarks: Yes

Commercial Amenities

None: Yes

Utilities Installed

Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Telephone: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Fire/Smoke Detector: Yes
Sprinklers: Yes

Parking

On-Site: Yes

Property Features

Bathrooms: Interior; Separate M and W Building Type: 5+ Units; Office - Building Business Location: Freestanding Bldg Commercial Amenities: None Construction: Block/Brick Cooling: Heat Pump External Amenities: Handicap Access; Landscaped; Paved Parking; Security Lights Flooring: Laminate; Tile; Other Heating: Heat Pump Internal Amenities: Bathroom; Fire/Smoke Detector; Sprinklers Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle Utilities Installed: Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer

Documents

Floor plan lower level ›

Floor plan main level ›

Owner finance terms ›

Listing Office: eXp Realty

Last Updated: October - 02 - 2024

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