500 Copper Basin Road, Prescott, AZ 86303

New Listing
$1,649,000
Property Type: Commercial/Indstrial Square Footage: 4,686 Lot Size (sq. ft.): 19,602 Status: Active
Current Price: $1,649,000 List Date: 5/01/2025 Last Modified: 5/01/2025

Description

Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.

More Information MLS# 1066818

Listing Office: Prescott Commercial Real Estate
Last Updated: May - 01 - 2025
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