Skip To Content

3250 Gateway Boulevard

Prescott, AZ 86303
  • $15,000,000
  • STATUS: Active
  • ON SITE: 212 Days
  • ID#: 1043833
$15,000,000
  • 0
    BEDS
  • 35.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 313,132
    SQFT
  • $48
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2001
County:
Area:

School Ratings & Info

Description

Prescott Gateway Mall is a modern, multifaceted regional shopping mall built in 2002, comprised of both an indoor traditional mall and an open-air outdoor lifestyle center. Indoors, under a magnificent exposed beam ceiling, are approximately 133,000 square feet and 67 suites, six of which serve an open and inviting food court. Outside, in the nicely landscaped open-air lifestyle center, 29 more suites occupy approximately 192,000 square feet. The property hosts national, regional and independent tenants including Bed Bath & Beyond, Michaels, Mattress Firm, Famous Footwear, Chico's, Bath & Body Works and Spencer's. Prescott Gateway Mall is an exciting value-addable opportunity for an investor looking to reposition the project. Some of the upsides include thepotential of developing outparcels and/or selling the pads, building out the 21,000 square feet of gray shell space, increasing under market rents, rebranding the property and drawing alternative uses to the property. The possibilities are endless. This is the only shopping mall for nearly 100 miles offering both an enclosed traditional mall shopping experience as well as an outdoor lifestyle and Town Center component. Flush with variety and centrally located, the mall functions as a community hub for the Quad City Area Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt - and beyond. Demographically, the area continues to grow at a remarkable rate, fueled by a steady stream of new arrivals seeking refuge from the tax and regulation burdens of bigger cities and states. Prescott Gateway Mall is located in the area's prime retail hub at the intersection of State Route 69 and Prescott Lakes Parkway. It is surrounded by Class A retail, restaurant and service tenants including Costco, Walmart, Lowe's, Trader Joe's, Best Buy, Red Robin, Olive Garden, In-N-Out, and US Bank, as well as some of Prescott's most prestigious and established residential communities and a flourishing retirement community.

Monthly Payment Calculator



© 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: 2022-07-02T23:51:37.847.
www.prescottpremierhomes.com/homes/123689082
Print Image

3250 Gateway Boulevard Prescott, AZ 86303

  • Price: $15,000,000
  • Status: Active
  • On Site: 212 Days
  • ID#: 1043833
0
Beds
0
Baths
0
½ Baths
35.56
Acres
313,132
SQFT
$48
$/SQFT
2001
Built
Neighborhood:
None
County:
Yavapai
Area:
Prescott
Property Description
Prescott Gateway Mall is a modern, multifaceted regional shopping mall built in 2002, comprised of both an indoor traditional mall and an open-air outdoor lifestyle center. Indoors, under a magnificent exposed beam ceiling, are approximately 133,000 square feet and 67 suites, six of which serve an open and inviting food court. Outside, in the nicely landscaped open-air lifestyle center, 29 more suites occupy approximately 192,000 square feet. The property hosts national, regional and independent tenants including Bed Bath & Beyond, Michaels, Mattress Firm, Famous Footwear, Chico's, Bath & Body Works and Spencer's. Prescott Gateway Mall is an exciting value-addable opportunity for an investor looking to reposition the project. Some of the upsides include thepotential of developing outparcels and/or selling the pads, building out the 21,000 square feet of gray shell space, increasing under market rents, rebranding the property and drawing alternative uses to the property. The possibilities are endless. This is the only shopping mall for nearly 100 miles offering both an enclosed traditional mall shopping experience as well as an outdoor lifestyle and Town Center component. Flush with variety and centrally located, the mall functions as a community hub for the Quad City Area Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt - and beyond. Demographically, the area continues to grow at a remarkable rate, fueled by a steady stream of new arrivals seeking refuge from the tax and regulation burdens of bigger cities and states. Prescott Gateway Mall is located in the area's prime retail hub at the intersection of State Route 69 and Prescott Lakes Parkway. It is surrounded by Class A retail, restaurant and service tenants including Costco, Walmart, Lowe's, Trader Joe's, Best Buy, Red Robin, Olive Garden, In-N-Out, and US Bank, as well as some of Prescott's most prestigious and established residential communities and a flourishing retirement community.
Exterior Features

Construction Block/BrickFrame - Steel External Amenities Drip SystemHandicap AccessLandscapedPaved ParkingSecurity Lights Lot Size 1437480 Parking On-SiteStorageTrailerTruck Roof MetalWelded Membrane

Interior Features

Bathrooms AdaInteriorPublicSeparate M And W Bathrooms Number 75.00 Cooling Central AirHeat Pump Flooring CarpetConcreteTile Heating ElectricNatural GasZoned Internal Amenities BathroomCeiling Fan(S)Fire/Smoke DetectorKitchenSecurity/AlarmSprinklers

Property Features

Building Type 5+ UnitsRetail - Shopping Center Buildings 3 Business Location Commercial StripMultiple LocationsTraffic Signal Business Name Prescott Gateway Mall Business Type Regional Mall CAM 0.00 Cap Percent 4.80 Ccr Frequency Monthly Ccr Type Other - See Remarks CCRs Yes Comm Type Shopping Center Commercial Amenities Ceiling Ht. 16+Ceiling Ht. Under 12Grade LevelOverhead Door(S)Roll-Up Door(S)Truck/Loading Dock Construction Status Existing GRM 7 Gross Vol Yr 2131709.95 Management Manager Neighborhood N/A NOI 717852.85 Property Use Investment Prop Records Available Alta SurveyElect/Hvac PlanEngr. ReportsSite PlanSurvey Reo Or Short Sale Not Applicable Road Access And Maintenance Maint-PrivatePavedState Source Of Measurement County Assessor Space Available Yes Tax Year 2019 Taxes 178349.00 Utilities Installed 2203 PhaseElectricityFire HydrantIndividual MeterMaster MeterNatural GasSecurity SystemTelephoneUndergroundWater - CityWwt - City Sewer Vacancy Rate Percent 30.90 Zoning Br Zoning Description Business Regional

Listing information © 2022 Prescott Area Association of Realtors, Inc.
Listing provided by Matthew Fish 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: 2022-07-02T23:51:37.847.
 
https://bt-photos.global.ssl.fastly.net/prescott/1280_boomver_1_1043833-2.jpg https://bt-photos.global.ssl.fastly.net/prescott/1280_boomver_1_1043833-2.jpg https://bt-photos.global.ssl.fastly.net/prescott/1280_boomver_1_1043833-2.jpg
Logo
Prescott Premier Homes | Coldwell Banker Global Luxury
914 E Gurley St #100
Prescott AZ, 86301