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625 Miller Valley Road, Prescott, AZ 86301

$600,000
Property Type: Commercial/Indstrial Square Footage: 3,430 Lot Size (sq. ft.): 12,197 Status: Active
Current Price: $600,000 List Date: 4/15/2024 Last Modified: 4/17/2024

Description

This free-standing commercial store-front retail building is being offered for sale at $600,000 or $175/sf with a going-in CAP of 6.6%. This property is ideally suited as either an investment opportunity or for an owner user. Currently occupied by Able Saw who has successfully operated since 1976. The tenant's lease expires in January of 2026 and is currently paying $3,500/mo plus property taxes. A Buyer will have the option to renegotiate the current tenant's lease or occupy the building for their own use upon the lease expiration. The building enjoys excellent, high traffic visibility and signage along Miller Valley Road in addition to rear access into a large fence yard area via Division St. The building is +/- 3,430 sf and was originally built in 1953 and has had several renovation

Supplements: This free-standing commercial store-front retail building is being offered for sale at $600,000 or $175/sf with a going-in CAP of 6.6%. This property is ideally suited as either an investment opportunity or for an owner user. Currently occupied by Able Saw who has successfully operated since 1976. The tenant's lease expires in January of 2026 and is currently paying $3,500/mo plus property taxes. A Buyer will have the option to renegotiate the current tenant's lease or occupy the building for their own use upon the lease expiration. The building enjoys excellent, high traffic visibility and signage along Miller Valley Road in addition to rear access into a large fence yard area via Division St. The building is +/- 3,430 sf and was originally built in 1953 and has had several renovations since. The building features a large and open retail floor space, an office, an ADA restroom and an upstairs storage area. There are 6 on-site parking spaces in front of the property with additional parking in the rear open yard. The property is situated on .29 acres of Business General zoned land. Seller may carry with approved down payment, credit & financials.

More Information MLS# 1063589

Contract/Address/Legal

Original List Price: 600000 Listing Date: 2024-04-14 Status: Active Listing Price: 600000 List Price/SqFt: 175 Street #: 625 Street Name: Miller Valley St Suffix: Road City/Township: Prescott State: AZ Zip Code: 86301 Neighborhood: N/A County: Yavapai Comm Type: Retail Zoning: BG Zoning Description: Business General Business Type: Retail Showroom Ware Tax Parcel: 113-07-010 Assessor's Book #: 113 Assessor's Map #: 7 Assessor's Parcel #: 10 REO/Short Sale: Not Applicable Legal: LOT 1 TRACT LESS BRANNEN TRACT BOOK 3 PAGE 37

General Property Description

Lot Size: 12336 Aprx Acres: 0.28 Buildings: 1 Total Liveable SqFt: 3430 Source of Measuremnt: County Assessor Stories: 2 Parking Spaces: 14 Year Built: 1959 Management: Owner NOI $: 40000 Cap %: 6.6

Tax Info

Taxes: 2873 Tax Year: 2023

Remarks & Misc

Directions: From the Downtown Courthouse head West on Gurley St to Grove Ave. Turn North on Grove Ave which turns into Miller Valley Road. The building will be on the east side of Miller Valley Road adjacent to BiGA restaurant and just South of Hillside/Fair Street.

Office/Member Info

Compensation: 2.5 Compensation Type: %

Property Features

Bathrooms: ADA; Interior Building Type: Indust - Flex Space; Indust - Warehouse; Retail - Free Stand Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12; Overhead Door(s) Construction: Frame - Steel Cooling: Gas Pack External Amenities: Fence; Handicap Access; Paved Parking; Storage Yard Flooring: Other Heating: Other Internal Amenities: Bathroom; Mezzanine Parking: On-Site; Storage; Trailer; Truck Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Other - See Remarks Terms & Conditions: Conventional; Submit Utilities Installed: 3 Phase; Electricity; Master Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: April - 17 - 2024

The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.

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