611 Miller Valley Road, Prescott, AZ 86301
$1,200,000
Property Type:
Commercial/Indstrial
Square Footage:
11,011
Lot Size (sq. ft.):
26,572
Status:
Closed
Current Price:
$1,200,000
List Date:
3/04/2022
Last Modified:
10/28/2022
Overview
Description
Listing Details MLS# 1045357
ContractAddressLegal
- Original List Price
- 1400000
- Listing Price
- 1400000
- Street #
- 611
- Street Name
- Miller Valley
- St Suffix
- Road
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86301
- Subdivision
- Brannen Tract
- County
- Yavapai
- Tax Parcel
- 113-07-012
General Property Description
- Aprx Acres
- 0.61
- Buildings
- Yes
- Total Liveable SqFt
- 11011
- Source of Measuremnt
- County Assessor
- Stories
- Yes
- Parking Spaces
- 33
- Year Built
- 1973
- Management
- Owner
- Gross Vol/Yr $
- 87600
- NOI $
- 67726
- Cap %
- 4.84
- CAM $
- 19874
- Baths - Full
- 7
- GRM
- 15.98
- Property Use
- Investment Prop
- Construction Status
- Existing
- Space Available
- No
- Date Available
- 2022-02-18
- CC & R Fees
- 11012
- Vac Rate %
- 0
Tax Info
- Taxes
- 9025
- Tax Year
- 2021
Status Change Info
- Under Contract Date
- 2022-03-10
- Sold Date
- 2022-03-31
- Sold Price/SqFt
- 109
- Financing
- Cash
Construction
- # of Bays
- Yes
- Bay Door Height
- 10'
- Block/Brick
- Yes
- Frame - Wood
- Yes
Contract/Address/Legal
- List Price/SqFt
- 127
- Comm Type
- Retail
- REO/Short Sale
- Not Applicable
- Zoning
- BG
- Zoning Description
- Business General
- Assessor's Book #
- 113
- Assessor's Map #
- 7
- Assessor's Parcel #
- 12
- Legal
- LOT3; LESS WLY 14 R/W LOT 4;LESS WLY13 R/W LOT 5; ALL IN BLOCK 1 TRACT LESS BRANNEN TRACT BOOK 3 PAGE 37
More Information
Remarks & Misc
- Directions
- Take Miller Valley Road to Brennan
- Remarks
- On the Market for the first time in 49 years! This 7-unit multi-tenant shopping center is a perfect addition to your portfolio. The property is 100% occupied by 6 separate tenants, new roof in February of 2022, 33 parking spaces, zoned business general, and offers great exposure along Miller Valley Road. There are a lot of upsides in increasing under market base rents, adding NNN's to the gross leases, and renegotiating month to month leases. Current financials and pro-forma available with a signed NDA.
Office/Member Info
- Listing Exclusions
- Yes
Building Type
- 5+ Units
- Yes
- Retail - Shopping Center
- Yes
Cooling
- Central Air
- Yes
External Amenities
- Handicap Access
- Yes
- Paved Parking
- Yes
- Security Lights
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
- Tile
- Yes
Heating
- Natural Gas
- Yes
Possession
- Subject to Tenant
- Yes
Records Available
- Other - See Remarks
- Yes
Road Responsibility
- City
- Yes
- City Maintained Road
- Yes
- Paved
- Yes
Roof
- Rolled/Hot Mop
- Yes
Bathrooms
- Interior
- Yes
- Unisex
- Yes
Business Location
- Commercial Strip
- Yes
Terms & Conditions
- 1031 Exchange
- Yes
- Conventional
- Yes
Commercial Amenities
- Ceiling Ht. Under 12
- Yes
- Overhead Door(s)
- Yes
- Roll-Up Door(s)
- Yes
Utilities Installed
- 220
- Yes
- Electricity
- Yes
- Individual Meter
- Yes
- Master Meter
- Yes
- Natural Gas
- Yes
- Telephone
- Yes
- Underground
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Internal Amenities
- Bathroom
- Yes
- Fire/Smoke Detector
- Yes
- Security/Alarm
- Yes
Parking
- On-Site
- Yes
Property Features
Bathrooms:
Interior; Unisex
Building Type:
5+ Units; Retail - Shopping Center
Business Location:
Commercial Strip
Commercial Amenities:
Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s)
Construction:
Block/Brick; Frame - Wood
Cooling:
Central Air
External Amenities:
Handicap Access; Paved Parking; Security Lights
Flooring:
Carpet; Concrete; Tile
Heating:
Natural Gas; Natural Gas
Internal Amenities:
Bathroom; Fire/Smoke Detector; Security/Alarm
Parking:
On-Site
Possession:
Subject to Tenant
Records Available:
Other - See Remarks
Road Responsibility:
City Maintained Road; Paved
Roof:
Rolled/Hot Mop
Utilities Installed:
220; Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office:
Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: October - 28 - 2022
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