227 - 231 N Cortez Street, Prescott, AZ 86301

$875,000
Sold Price
$875,000
List Price
$885,000
Closing Date
Jun 25, 2021
Year Built
1991
Acres
0.10
MLS#
1035369
Lot Size
4,359

Property Description

Ideal Owner User and/or 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 retail building totals approx. 4,551 sf (two separate parcels). Originally built in 1947, it has been renovated several times and features many building upgrades. The ''Cortez Plaza'' is currently home to five tenants ranging from hair stylists to other health and wellness practitioners. The building is being offered at $885,000 and a projected 6.4% going-in cap rate. The building could also be used as an owner/occupied property (please contact listing agent for more details). There are approximately 20 parking spaces located on site and in the rear of the building off of the alley way plus ample CLICK...

Additional Information

Total Garage
20
Construction
Wood Frame, Stucco
Cooling
Gas Pack
Exterior Features
Handicap Access, Paved Parking
Financing
Cash
Flooring
Carpet, Concrete
Heating
Gas
Interior Features
Bathroom, Other
Closing Date
Jun 25, 2021
Possession
Subject To Tenant Rights
REO/Short Sale
Not Applicable
Roof
Asphalt Shingle
Stories
1
Taxes
$6,091
Tax Year
2020
Zoning
DTB

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Better Homes And Gardens Real Estate Bloomtree Realty. Selling Office: Rent Right.

Listing data provided & © by (PAAR) Prescott Area Association of REALTORS®