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    227 - 231 N Cortez Street

    Prescott, AZ 86301
    • $885,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 1035369
    UPDATED: 40 min ago
    $885,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,551
      SQFT
    • $194
      $/SQFT
    Type:
    Commercial
    Built:
    1991
    County:
    Area:

    School Ratings & Info

    Description

    Ideal Owner User and/or Investment Opportunity. Located in the heart of downtown Prescott just north of the Courthouse Square at 227-231 N. Cortez St. This single-story commercial retail building totals approx. 4,551 sf (two separate parcels). Originally built in 1947, it has been renovated several times and features many building upgrades. The ''Cortez Plaza'' is currently home to five tenants ranging from hair stylists to other health and wellness practitioners. The building is being offered at $885,000 and a projected 6.4% going-in cap rate. The building could also be used as an owner/occupied property (please contact listing agent for more details). There are approximately 20 parking spaces located on site and in the rear of the building off of the alley way plus ample CLICK...Ideal Owner User and/or Investment Opportunity. Located in the heart of downtown Prescott just north of the Courthouse Square at 227-231 N. Cortez St. This single-story commercial retail building totals approx. 4,551 sf (two separate parcels). Originally built in 1947, it has been renovated several times and features many building upgrades. The "Cortez Plaza" is currently home to five tenants ranging from hair stylists to other health and wellness practitioners. The building is being offered at $885,000 and a projected 6.4% going-in cap rate. The building could also be used as an owner/occupied property (please contact listing agent for more details). There are approximately 20 parking spaces located on site and in the rear of the building off of the alley way plus ample street parking along the front of Cortez and other shared parking options available.

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    © 2021 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: 2021-03-02T20:51:14.923.
    www.prescottpremierhomes.com/homes/113275701
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    227 - 231 N Cortez Street Prescott, AZ 86301

    • Price: $885,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 1035369
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    4,551
    SQFT
    $194
    $/SQFT
    1991
    Built
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    Ideal Owner User and/or Investment Opportunity. Located in the heart of downtown Prescott just north of the Courthouse Square at 227-231 N. Cortez St. This single-story commercial retail building totals approx. 4,551 sf (two separate parcels). Originally built in 1947, it has been renovated several times and features many building upgrades. The ''Cortez Plaza'' is currently home to five tenants ranging from hair stylists to other health and wellness practitioners. The building is being offered at $885,000 and a projected 6.4% going-in cap rate. The building could also be used as an owner/occupied property (please contact listing agent for more details). There are approximately 20 parking spaces located on site and in the rear of the building off of the alley way plus ample CLICK...Ideal Owner User and/or Investment Opportunity. Located in the heart of downtown Prescott just north of the Courthouse Square at 227-231 N. Cortez St. This single-story commercial retail building totals approx. 4,551 sf (two separate parcels). Originally built in 1947, it has been renovated several times and features many building upgrades. The "Cortez Plaza" is currently home to five tenants ranging from hair stylists to other health and wellness practitioners. The building is being offered at $885,000 and a projected 6.4% going-in cap rate. The building could also be used as an owner/occupied property (please contact listing agent for more details). There are approximately 20 parking spaces located on site and in the rear of the building off of the alley way plus ample street parking along the front of Cortez and other shared parking options available.
    Exterior Features

    Construction Frame - WoodStucco External Amenities Handicap AccessPaved Parking Lot Size 4359 Parking On-SiteOther - See Remarks Roof Asphalt Shingle

    Interior Features

    Bathrooms AdaInteriorSharedUnisex Cooling Gas Pack Flooring CarpetConcrete Heating Gas Internal Amenities BathroomOther - See Remarks

    Property Features

    Building Type 2-4 UnitsOffice - BuildingOther - See RemarksRetail - Free Stand Buildings 2 Business Location Commercial StripFreestanding BldgOffice/Professional CAM 2.79 Cap Percent 6.40 Ccr Fees 3751.00 Comm Type Retail Commercial Amenities Ceiling Ht. Under 12 GRM 0 Management Owner NOI 56591.00 Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance CityMaint-CityPaved Source Of Measurement County Assessor Tax Year 2020 Taxes 6091.00 Utilities Installed ElectricityMaster MeterNatural GasTelephoneUndergroundWater - CityWwt - City Sewer Vacancy Rate Percent 16.50 Zoning Dtb Zoning Description Downtown Business

    Listing information © 2021 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Raymond G. Zogob of Better Homes And Gardens Real Estate Bloomtree Realty.


    © 2021 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: 2021-03-02T20:51:14.923.
     
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