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 l
- Price:
- $1,825,000
- Square Footage:
- 11,854
- Acreage:
- 0.86
- Year Built:
- 1998
- Listing ID #:
- 1047714
- Street Address:
- 1239&1241 W Iron Springs Rd
- City:
- Prescott
- State:
- Arizona
- Postal Code:
- 86305
- County:
- Yavapai
- Listing Status:
- Active
- Listing Type:
- Commercial
- Construction Description:
- Frame - Steel, Stucco
- Construction Status:
- Existing
- Dwelling Type:
- 5+ Units, Indust - Showroom, Retail - Free Stand, Retail - Shopping Center
- Flooring:
- Carpet, Concrete, Tile, Vinyl
- Interior Features:
- Bathroom, Mezzanine, Security/Alarm
- Number Of Units:
- 6
- Stories:
- 1.0
- Total # Of Buildings:
- 2
- Total Building Square Footage:
- 11854
- Type Of Roof:
- Rolled/Hot Mop
- Year Built:
- 1998
- Net Operating Income:
- 104646.00
- Conforms To Zoning:
- Br & It
- Existing Land Use:
- Vacant/Owner Users
- Lot Size:
- 37462
- Date Available:
- 2022-05-01
- Price Per Square Foot:
- 154.00
- Property Taxes:
- $10,648
- Tax Year:
- 2021
- Bathroom Description:
- Interior, Unisex
- Parking Description:
- On-Site
- Parking Spaces:
- 33
- Cooling System:
- Central Air, Gas Pack
- Heating:
- Electric, Gas
- Utilities:
- Electricity, Individual Meter, Master Meter, Natural Gas, Security System, Telephone, Underground, Water - City, Wwt - City Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Better Homes And Gardens Real Estate Bloomtree Realty
