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$1,825,000
1239&1241 W Iron Springs Rd, Prescott, AZ 86305
0 Beds
0 Baths
11,854 SqFt

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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

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