212 S Montezuma Street, Prescott, AZ 86303

$925,000
Property Type: Commercial/Indstrial Square Footage: 4,707 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $925,000 List Date: 8/16/2017 Last Modified: 9/05/2019

Description

Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,707 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling tiles in entry/reception area and open floorplan (see floorplans in document tab above). The ''Superlative Professional Center'' is currently 100% lease with 14 professional office tenants ranging from Architects, Real Estate & Mortgage Companies to Financial Planners. Current Net Operating Income generate a 9.1% going-in Cap Rate. Approx. 8 Parking spaces located in the rear of the building off the alley way plus ample.>.Please CLICK the MORE

Supplements: Great Investment Opportunity. This legacy property is located in the heart of downtown Prescott just south of Whiskey Row at 212 S. Montezuma. This two-story boutique commercial building totals approx. 4,700 sf and has been renovated featuring many building upgrades (see Feature list in document tab above). Hardwood floor and copper-looking ceiling tiles in entry/reception area and open floorplan (see floorplans in document tab above). The "Superlative Professional Center" is currently 100% lease with 14 professional office tenants ranging from Architects, Real Estate & Mortgage Companies to Financial Planners. Current Net Operating Income generate a 9.1% going-in Cap Rate. Approx. 8 Parking spaces located in the rear of the building off the alley way plus ample street parking along Cortez St. Parking spaces may be available across the street via separate parking agreement. (Please click on the Video link under the Photo Tab).

More Information MLS# 991508

ContractAddressLegal

Original List Price: 899000 Listing Date: 2015-12-04 Status: Closed Listing Price: 925000 Street #: 212 Direction: S Street Name: Montezuma St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86303 County: Yavapai Tax Parcel: 109-02-048

General Property Description

Lot Size: 4792 Aprx Acres: 0.11 Buildings: 1 Total Liveable SqFt: 4707 Source of Measuremnt: County Assessor Stories: 2 Parking Spaces: 8 Year Built: 1981 Management: Owner Vac Rate %: 50 NOI $: 70605 Cap %: 8 CAM $: 6 Baths - Full: 14 Property Use: Investment Prop Construction Status: Existing

Tax Info

Taxes: 4512 Tax Year: 2015

Status Change Info

Under Contract Date: 2017-09-16 Sold Date: 2017-10-16 Sold Price: $925,000 Sold Price/SqFt: 197 Financing: Conventional

Property Features

Bathrooms: ADA; Separate M and W Building Type: 5+ Units; Medical/Dental; Office - Building; Retail - Free Stand Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12; Ceiling Ht. 12-15 Construction: Frame - Wood; Stucco; Other - See Remarks Cooling: Gas Pack External Amenities: Fence; Handicap Access; Paved Parking; Other - See Remarks Flooring: Laminate; Tile Heating: Natural Gas; Natural Gas Internal Amenities: Security/Alarm; Other - See Remarks Parking: On-Site; Other - See Remarks Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: 220; Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: September - 05 - 2019
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