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1239&1241 W Iron Springs Road

Prescott, AZ 86305
  • $1,825,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: 1047714
UPDATED: 35 min ago
$1,825,000
  • 0
    BEDS
  • 0.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,854
    SQFT
  • $154
    $/SQFT
Type:
Commercial
Built:
1998
County:
Area:

School Ratings & Info

Description

Exceptional Retail Investment Opportunity For Sale in Prescott Arizona. This multi-tenant retail center offers great exposure and monument signage along Iron Springs Road. The single-story retail center is comprised of 2 separate free-standing buildings totaling +/-11,854 sf and 6 separate suites. Situated on .86 acres, the buildings are located on 4 separate parcels that are split zoned with both Business Regional (BR) & Industrial Transition (IT) zoning allowing for many commercial uses. The Center is anchored by a Prescott's Abbey Flooring & Design which recently renewed their lease. Currently there is 1 vacancy of +/-2,288 sf. The property is being offered for sale at $1,825,000 or $153.96/sf with a going in CAP rate of 5.7% and a proforma CAP rate of 8.4% assuming the one vacancy is lExceptional Retail Investment Opportunity For Sale in Prescott Arizona. This multi-tenant retail center offers great exposure and monument signage along Iron Springs Road. The single-story retail center is comprised of 2 separate free-standing buildings totaling +/-11,854 sf and 6 separate suites. Situated on .86 acres, the buildings are located on 4 separate parcels that are split zoned with both Business Regional (BR) & Industrial Transition (IT) zoning allowing for many commercial uses. The Center is anchored by a Prescott's Abbey Flooring & Design which recently renewed their lease. Currently there is 1 vacancy of +/-2,288 sf. The property is being offered for sale at $1,825,000 or $153.96/sf with a going in CAP rate of 5.7% and a proforma CAP rate of 8.4% assuming the one vacancy is leased at market rents. Upside potential includes renegotiating several month-to-month leases that are under market. There are 18 on-site parking spaces. Parking lot improvements are planned for this year. Current financials and pro-forma available with a signed NDA.

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© 2022 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prescott Premier Homes | Coldwell Banker Global Luxury. Data last updated: 2022-06-30T14:51:59.617.
www.prescottpremierhomes.com/homes/128705233
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1239&1241 W Iron Springs Road Prescott, AZ 86305

  • Price: $1,825,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 35 min ago
  • ID#: 1047714
0
Beds
0
Baths
0
½ Baths
0.86
Acres
11,854
SQFT
$154
$/SQFT
1998
Built
County:
Yavapai
Area:
Prescott
Property Description
Exceptional Retail Investment Opportunity For Sale in Prescott Arizona. This multi-tenant retail center offers great exposure and monument signage along Iron Springs Road. The single-story retail center is comprised of 2 separate free-standing buildings totaling +/-11,854 sf and 6 separate suites. Situated on .86 acres, the buildings are located on 4 separate parcels that are split zoned with both Business Regional (BR) & Industrial Transition (IT) zoning allowing for many commercial uses. The Center is anchored by a Prescott's Abbey Flooring & Design which recently renewed their lease. Currently there is 1 vacancy of +/-2,288 sf. The property is being offered for sale at $1,825,000 or $153.96/sf with a going in CAP rate of 5.7% and a proforma CAP rate of 8.4% assuming the one vacancy is lExceptional Retail Investment Opportunity For Sale in Prescott Arizona. This multi-tenant retail center offers great exposure and monument signage along Iron Springs Road. The single-story retail center is comprised of 2 separate free-standing buildings totaling +/-11,854 sf and 6 separate suites. Situated on .86 acres, the buildings are located on 4 separate parcels that are split zoned with both Business Regional (BR) & Industrial Transition (IT) zoning allowing for many commercial uses. The Center is anchored by a Prescott's Abbey Flooring & Design which recently renewed their lease. Currently there is 1 vacancy of +/-2,288 sf. The property is being offered for sale at $1,825,000 or $153.96/sf with a going in CAP rate of 5.7% and a proforma CAP rate of 8.4% assuming the one vacancy is leased at market rents. Upside potential includes renegotiating several month-to-month leases that are under market. There are 18 on-site parking spaces. Parking lot improvements are planned for this year. Current financials and pro-forma available with a signed NDA.
Exterior Features

Construction Frame - SteelStucco External Amenities Handicap AccessLandscapedPaved Parking Lot Size 37462 Parking On-Site Roof Rolled/Hot Mop

Interior Features

Bathrooms InteriorUnisex Cooling Central AirGas Pack Flooring CarpetConcreteTileVinyl Heating ElectricGas Internal Amenities BathroomMezzanineSecurity/Alarm

Property Features

Building Type 5+ UnitsIndust - ShowroomRetail - Free StandRetail - Shopping Center Buildings 2 Business Location Commercial StripFreestanding BldgOffice/Professional CAM 42643.00 Cap Percent 6.80 Comm Type Retail Commercial Amenities Ceiling Ht. 12-15Ceiling Ht. Under 12Grade LevelOther - See RemarksOverhead Door(S)Roll-Up Door(S) Construction Status Existing GRM 10.9 Gross Vol Yr 147290.00 Management Owner NOI 104646.00 Property Use Vacant/Owner Users Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance CityMaint-CityPaved Source Of Measurement Owner Space Available Yes Tax Year 2021 Taxes 10648.00 Utilities Installed ElectricityIndividual MeterMaster MeterNatural GasSecurity SystemTelephoneUndergroundWater - CityWwt - City Sewer Vacancy Rate Percent 19.30 Zoning Br & It

Listing information © 2022 Prescott Area Association of Realtors, Inc.
Listing provided by Raymond G. Zogob of Better Homes And Gardens Real Estate Bloomtree Realty: (928) 443-8800.


© 2022 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prescott Premier Homes | Coldwell Banker Global Luxury. Data last updated: 2022-06-30T14:51:59.617.
 
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