325 W Gurley & 120 N Mccormick Street, Prescott, AZ 86301
$5,800,000
Property Type:
Commercial/Indstrial
Square Footage:
23,106
Lot Size (sq. ft.):
20,473
Status:
Active
Current Price:
$5,800,000
List Date:
9/22/2023
Last Modified:
9/22/2023
Description
Fully Leased Class A property in Downtown Prescott. Superior construction quality with 8'' concrete tilt up exterior walls and high end windows. The building has two floors of professional Tenants and two elevators separating commercial and residential uses. Convenient street level parking plus an additional .36 acres on North McCormick for overflow parking. The Building is in excellent condition with new roof overlay in 2020, repaint of parking garage and railing and updated HVAC system in 2020. HVAC can be managed and monitored online for convenient operation and troubleshooting.
The upper level consists of 4 townhomes that are individually owned but share in the common area expenses. Consistent cash flow with a great Tenant mix and easy management structure.
More Information MLS# 1059358
Contract/Address/Legal
Original List Price: 5800000
Listing Date: 2023-09-22
Status: Active
Listing Price: 5800000
List Price/SqFt: 251
Street #: 325
Direction: W
Street Name: Gurley & 120 N Mccormick
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Comm Type: Office
Zoning: DTB
Zoning Description: Downtown Business
Tax Parcel: 109-02-022H
Assessor's Book #: 109
Assessor's Map #: 2
Assessor's Parcel #: 22
Assessor Parcel Ltr: H
REO/Short Sale: Not Applicable
Legal: MCCORMICK PLACE CONDOMINIUM AMENDED SECOND FLOOR UNIT 1 CONT .34AC SEC 4-13-2W & 33-14-2W M&P 53/26-30, MCCORMICK PLACE CONDOMINIUM AMENDED FIRST FLOOR UNIT 1 CONT .34AC SEC 4-13-2W & 33-14-2W M&P 53/26-30 & PRESCOTT LOTS 7 8 BLK D & PRESCOTT LOTS 7 8 BLK D
General Property Description
Lot Size: 5183
Aprx Acres: 0.47
Buildings: 1
Total Liveable SqFt: 23106
Source of Measuremnt: County Assessor
Stories: 3
Parking Spaces: 61
Year Built: 2005
Management: Owner
NOI $: 347188
Cap %: 6.16
Baths - Full: 9
Property Use: Investment Prop
Construction Status: Existing
CC & R Fees: 24507
Tax Info
Taxes: 27214
Tax Year: 2023
Remarks & Misc
Directions: West on Gurley to the corner of Gurley and McCormick. Southeast corner Gurley and McCormick.
Office/Member Info
Listing Exclusions: No
Compensation: 2
Compensation Type: %
Property Features
Bathrooms: ADA; Interior; Separate M and W; Shared
Building Type: 5+ Units; Office - Building
Business Location: Corner Location; Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. 12-15
Construction: Other - See Remarks
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking; Security Lights; Other - See Remarks
Flooring: Carpet; Laminate; Tile
Heating: Natural Gas; Natural Gas; Zoned
Internal Amenities: Bathroom; Elevator(s); Fire/Smoke Detector; Sprinklers; Other - See Remarks
Parking: On-Site; Street Parking; Other - See Remarks
Records Available: As-Built; Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Other - See Remarks
Pets/Animals: None
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: Electricity; Natural Gas; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: September - 22 - 2023
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