212-222 N Cortez Street, Prescott, AZ 86301 (MLS# 1023529)

212-222 N Cortez Street, Prescott, AZ 86301

$1,350,000
Property Type: Commercial/Indstrial Baths: 4 Square Footage: 7,660 Lot Size (sq. ft.): 20,038 Status: Closed
Current Price: $1,350,000 List Date: 8/08/2019 Last Modified: 11/24/2020

Overview

Description

OPPORTUNITY ZONE redevelopment property in downtown Prescott, 1.5 blocks from the courthouse square. Located directly across from the historic Santa Fe Depot and a perfect location to invest your Opportunity zone / 1031 funds. Nearly 1/2 acre (.46) and zoned DTB and a part of the entertainment district overlay. Spectacular, unobstructed views of the depot, Thumb Butte and Granite Mountain, perfect location for mixed use retail/residential condos, hotel, restaurant, etc. 7660 sq. ft. building, can stay or go. Adjoining property also for sale, add an additional .22 acres and 16,168 sq. ft.of building - see MLS# 1021930. See attachments for aerial views and ALTA survey. Tenants in place in 212, 214 and 216/218, 24 hour notice to show.

Listing Details MLS# 1023529

ContractAddressLegal

Original List Price
1599000
Listing Price
1599000
Street #
212-222
Direction
N
Street Name
Cortez
St Suffix
Street
City/Township
Prescott
State
AZ
Zip Code
86301
County
Yavapai
Tax Parcel
113-15-070, 113-15-067B, 113-15-069

General Property Description

Aprx Acres
0.46
Buildings
2
Total Liveable SqFt
7660
Source of Measuremnt
County Assessor
Stories
Yes
Floor
Yes
Parking Spaces
40
Year Built
1910
Management
Mgmt Company
NOI $
38160
Cap %
2.4
CAM $
9540
Baths - Full
3
Property Use
Investment Prop
Construction Status
Existing
Max Contgs/Bldg Sz
7660
Space Available
No
Total Bathrooms
4
Suite #
212, 214, 216/218
CC & R
No

Tax Info

Taxes
6724
Tax Year
2019

Status Change Info

Under Contract Date
2020-09-06
Sold Date
2020-11-02
Sold Price/SqFt
176
Financing
Cash

More Information

Property Features

Bathrooms: Interior; Separate M and W; Other - See Remarks Building Type: 2-4 Units; Bar; Food Service; Office - Building; Other - See Remarks Business Location: Commercial Strip; Office/Professional; Redevelopment Area Commercial Amenities: Ceiling Ht. Under 12; Truck/Loading Dock Construction: Frame - Wood; Stucco Cooling: Central Air; Evaporative Cooling External Amenities: Handicap Access; Paved Parking Flooring: Carpet; Tile; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Kitchen; Security/Alarm Parking: On-Site; Street Parking Possession: Other Records Available: Alta Survey; Phase I; Survey Road Responsibility: City Maintained Road Roof: Rolled/Hot Mop; Welded Membrane Utilities Installed: 220; Fire Hydrant; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer

Documents

Listing Office: Better Homes and Gardens Real Estate Bloomtree Realty
Last Updated: November - 24 - 2020
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. 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.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.
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