JoinServicesInsightsAbout Us
USAAZPrescott143 N Mccormick St
The OAKS | Image 1
Link Copied
$1,800,000

143 N Mccormick St, Prescott, AZ

Real Estate

For Sale

$--,---,---
0024
  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $17,185
Days Active 2
Approx. Age 1986
MLS® Number 1075959

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Discover a unique office opportunity just off Downtown Prescott. This beautifully situated, 9-unit office condo building sits near Granite Creek, offering mature landscaping that provides welcome shade and a lush, inviting atmosphere. The property benefits from a highly walkable location and is home to a variety of professional and medical tenants.The are several ways to look at investing in this property. With 9 separate, individually metered condo units, this property can be fixed up and resold as owner-user units, or rents can be brought up to market rate, and the entire property can be sold on a cap rate. Reletting the spaces at a conservative $20 PSF annually NNN would give the building a net operating income of $198, 620.00, which at a 7.0% Cap Rate is an income approach value of $2, 837428.57. Fixing the individual condos and retail selling them for a gross sales price of $300PSF would give the entire complex a gross sales price of $2.98M. The property is outdated, needs some repair, renovation, and updating. Call for more details.Show Description
MLS® Number1075959
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorHandicap Access
GarageNo
Approx. Age1986
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric, Natural Gas, Zoned
A/CCentral Air
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing