231 N Cortez Street

    Prescott, AZ 86301
    • $595,000
    • STATUS: Active
    • ON SITE: 410 days
    • ID#: 1006949
    UPDATED: 78 min ago
    $595,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,750
      SQFT
    • $159
      $/SQFT
    Type:
    Commercial
    Built:
    1984
    County:
    Area:

    School Ratings & Info

    Description

    Owner User and/or Great Investment Opportunity. Located in the heart of downtown Prescott just north of the Courthouse Square at 231 N. Cortez St. This single-story commercial building totals approx. 3750 sf and has been renovated featuring many building upgrades. Multiple studio/office sizes are available. Existing successful Adrenaline Salon is the main tenant for this building (see Floor Plan in document tab above). The "Cortez Plaza" is home to many types of tenants from stylists to holistic practitioners & artiest. Pro-forma rents generate a 6.7% going-in cap rate. The building could also be used as an owner/occupied property (CLICK the MORE TAB...)Owner User and/or Great 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 building totals approx. 3750 sf and has been renovated featuring many building upgrades. Multiple studio/office sizes are available. Existing successful Adrenaline Salon is the main tenant for this building (see Floor Plan in document tab above). The "Cortez Plaza" is home to many types of tenants from stylists to holistic practitioners & artiest. Pro-forma rents generate a 6.7% going-in cap rate. The building could also be used as an owner/occupied property (contact listing agent for more details. Downtown Business Zoning. Approx. 13 on-site 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.

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    © 2018 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 RE/MAX Mountain Properties. Data last updated: 2018-11-14T11:51:16.347.
    www.prescottareaproperty.com/homes/77149530

    231 N Cortez Street Prescott, AZ 86301

    • Price: $595,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: 1006949
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,750
    SQFT
    $159
    $/SQFT
    1984
    Built
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    Owner User and/or Great Investment Opportunity. Located in the heart of downtown Prescott just north of the Courthouse Square at 231 N. Cortez St. This single-story commercial building totals approx. 3750 sf and has been renovated featuring many building upgrades. Multiple studio/office sizes are available. Existing successful Adrenaline Salon is the main tenant for this building (see Floor Plan in document tab above). The "Cortez Plaza" is home to many types of tenants from stylists to holistic practitioners & artiest. Pro-forma rents generate a 6.7% going-in cap rate. The building could also be used as an owner/occupied property (CLICK the MORE TAB...)Owner User and/or Great 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 building totals approx. 3750 sf and has been renovated featuring many building upgrades. Multiple studio/office sizes are available. Existing successful Adrenaline Salon is the main tenant for this building (see Floor Plan in document tab above). The "Cortez Plaza" is home to many types of tenants from stylists to holistic practitioners & artiest. Pro-forma rents generate a 6.7% going-in cap rate. The building could also be used as an owner/occupied property (contact listing agent for more details. Downtown Business Zoning. Approx. 13 on-site 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.
    Exterior Features

    Construction StuccoFrame - Wood External Amenities Handicap AccessPaved Parking Parking On-Site Roof Asphalt Shingle

    Interior Features

    Bathrooms AdaInteriorUnisexShared Cooling Gas Pack Flooring Carpet Heating Gas Internal Amenities Other - See RemarksBathroom

    Property Features

    Building Type Office - Building2-4 UnitsRetail - Free Stand Buildings 1 Business Location Office/ProfessionalCommercial StripFreestanding Bldg CAM 4.06 Cap Percent 6.50 Comm Type Retail Commercial Amenities Ceiling Ht. Under 12 GRM 10.1 Management Owner NOI 38780.00 Records Available Site Plan Reo Or Short Sale Not Applicable Road Access And Maintenance CityPaved Source Of Measurement Owner Tax Year 2016 Taxes 3317.00 Utilities Installed Master MeterElectricityWwt - City SewerWater - CityUndergroundTelephoneNatural Gas Vacancy Rate Percent 80.00 Zoning Dtb

    Listing information © 2018 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Raymond Zogob of Bloomtree Realty.


    © 2018 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 RE/MAX Mountain Properties. Data last updated: 2018-11-14T11:51:16.347.
     
    RE/MAX Mountain Properties
    5010 Bear Way
    Prescott AZ, 86301