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117 N Cortez Street

Prescott, AZ 86301
  • $2,500,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: 1050155
UPDATED: 64 min ago
$2,500,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,000
    SQFT
  • $250
    $/SQFT
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

Description

Live and Work in the heart of Downtown Prescott. Excellent Owner/User and/or Investment Opportunity with upside in rents. Purchase this +/-10,000 sf high traffic retail/residential building in the heart of downtown Prescott. Offered at $2,500,000 and situated on .17 acres of prime downtown business (DTB) zoned land. This building offers great frontage, visibility, and signage on Cortez St. The retail portion of the building is +/- 7,500 sf and is currently occupied by a well-established antique mall called ''The Marketplace'' that has occupied this space since 2018. The current lease expires in December of 2022 which provide an excellent opportunity to renegotiate the lease or occupy this space for an owner user. Directly behind the retail space is a spacious ground level residenceLive and Work in the heart of Downtown Prescott. Excellent Owner/User and/or Investment Opportunity with upside in rents. Purchase this +/-10,000 sf high traffic retail/residential building in the heart of downtown Prescott. Offered at $2,500,000 and situated on .17 acres of prime downtown business (DTB) zoned land. This building offers great frontage, visibility, and signage on Cortez St. The retail portion of the building is +/- 7,500 sf and is currently occupied by a well-established antique mall called "The Marketplace" that has occupied this space since 2018. The current lease expires in December of 2022 which provide an excellent opportunity to renegotiate the lease or occupy this space for an owner user. Directly behind the retail space is a spacious ground level residence that is +/-2,500 sf, 2 bedrooms, 1 bath, a spiral staircase that leads to a wide-open loft area and a very large storage room, an oversized 2.5 car private garage plus room for storage. Totally private and quiet, this single level main floor living features an open floor plan, gourmet kitchen with gas range and copper vent, 15 foot ceilings, garage wood & vinyl plank floors throughout. The main entrance to the residence is off an alleyway. The building has a newer roof, new HVAC system and a comprehensive camera/security system.

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© 2022 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 The Shelly Watne Group. Data last updated: 2022-12-04T06:56:13.99.
www.shellywatne.com/homes/131578133
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117 N Cortez Street Prescott, AZ 86301

  • Price: $2,500,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 64 min ago
  • ID#: 1050155
0
Beds
0
Baths
0
½ Baths
0.16
Acres
10,000
SQFT
$250
$/SQFT
1963
Built
County:
Yavapai
Area:
Prescott
Property Description
Live and Work in the heart of Downtown Prescott. Excellent Owner/User and/or Investment Opportunity with upside in rents. Purchase this +/-10,000 sf high traffic retail/residential building in the heart of downtown Prescott. Offered at $2,500,000 and situated on .17 acres of prime downtown business (DTB) zoned land. This building offers great frontage, visibility, and signage on Cortez St. The retail portion of the building is +/- 7,500 sf and is currently occupied by a well-established antique mall called ''The Marketplace'' that has occupied this space since 2018. The current lease expires in December of 2022 which provide an excellent opportunity to renegotiate the lease or occupy this space for an owner user. Directly behind the retail space is a spacious ground level residenceLive and Work in the heart of Downtown Prescott. Excellent Owner/User and/or Investment Opportunity with upside in rents. Purchase this +/-10,000 sf high traffic retail/residential building in the heart of downtown Prescott. Offered at $2,500,000 and situated on .17 acres of prime downtown business (DTB) zoned land. This building offers great frontage, visibility, and signage on Cortez St. The retail portion of the building is +/- 7,500 sf and is currently occupied by a well-established antique mall called "The Marketplace" that has occupied this space since 2018. The current lease expires in December of 2022 which provide an excellent opportunity to renegotiate the lease or occupy this space for an owner user. Directly behind the retail space is a spacious ground level residence that is +/-2,500 sf, 2 bedrooms, 1 bath, a spiral staircase that leads to a wide-open loft area and a very large storage room, an oversized 2.5 car private garage plus room for storage. Totally private and quiet, this single level main floor living features an open floor plan, gourmet kitchen with gas range and copper vent, 15 foot ceilings, garage wood & vinyl plank floors throughout. The main entrance to the residence is off an alleyway. The building has a newer roof, new HVAC system and a comprehensive camera/security system.
Exterior Features

Construction Block/BrickStucco External Amenities Handicap AccessOther - See Remarks Lot Size 7086 Parking On-Site Roof Welded Membrane

Interior Features

Bathrooms InteriorUnisex Bathrooms Number 3.00 Cooling Central AirEvaporative Flooring CarpetLaminate Heating Gas Internal Amenities Other - See Remarks

Property Features

Building Type 2-4 UnitsOther - See RemarksRetail - Free Stand Buildings 1 Business Location Freestanding Bldg Business Type Retai & Residential CAM 0.00 Cap Percent 0.00 CCRs No Comm Type Retail Commercial Amenities Ceiling Ht. 12-15 Construction Status Existing GRM 0 Management Owner NOI 0.00 Property Use Investment Prop Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance CityMaint-CityPaved Source Of Measurement Owner Space Available Yes Tax Year 2020 Taxes 5047.00 Utilities Installed ElectricityNatural GasTelephoneWater - CityWwt - City Sewer Vacancy Rate Percent 0.00 Zoning Dtb Zoning Description Downtown Business`

Listing information © 2022 Prescott Area Association of Realtors, Inc.
Listing provided by Raymond Zogob of Better Homes And Gardens Real Estate Bloomtree Realty: (928) 443-8800.


© 2022 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 The Shelly Watne Group. Data last updated: 2022-12-04T06:56:13.99.
 
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