Skip To Content
    Return to Previous Page

    3280 Gateway Boulevard

    Prescott, AZ 86303
    • $15,000,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 1033779
    UPDATED: 206 min ago
    $15,000,000
    • 0
      BEDS
    • 35.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 313,132
      SQFT
    • $48
      $/SQFT
    Type:
    Commercial
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    Description

    Prescott Gateway Mall is a modern, multifaceted regional shopping mall built in 2002, comprised of both an indoor traditional mall and an open-air outdoor lifestyle center. Indoors, under a magnificent exposed beam ceiling, are approximately 133,000 square feet and 67 suites, six of which serve an open and inviting food court. Outside, in the nicely landscaped open-air lifestyle center, 29 more suites occupy approximately 192,000 square feet. The property hosts national, regional and independent tenants including Bed Bath & Beyond, Michaels, Mattress Firm, Famous Footwear, Chico's, Coldwater Creek, Bath & Body Works, Buckle, and Spencer's.Prescott Gateway Mall is an exciting value-addable opportunity for an investor looking to reposition the project. Some of the upsides include the MOREpotential of developing outparcels and/or selling the pads, building out the 21,000 square feet of gray shell space, increasing under market rents, rebranding the property and drawing alternative uses to the property. The possibilities are endless. This is the only shopping mall for nearly 100 miles offering both an enclosed traditional mall shopping experience as well as an outdoor lifestyle and Town Center component. Flush with variety and centrally located, the mall functions as a community hub for the Quad City Area  Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt - and beyond. Demographically, the area continues to grow at a remarkable rate, fueled by a steady stream of new arrivals seeking refuge from the tax and regulation burdens of bigger cities and states. Prescott Gateway Mall is located in the area's prime retail hub at the intersection of State Route 69 and Prescott Lakes Parkway. It is surrounded by Class A retail, restaurant and service tenants including Costco, Walmart, Lowe's, Trader Joe's, Best Buy, Red Robin, Olive Garden, In-N-Out, and US Bank, as well as some of Prescott's most prestigious and established residential communities and a flourishing retirement community.

    Monthly Payment Calculator



    © 2020 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 Iannelli & Associates Real Estate. Data last updated: 2020-11-30T23:52:36.61.
    www.shellywatne.com/homes/111260208
    Print Image

    3280 Gateway Boulevard Prescott, AZ 86303

    • Price: $15,000,000
    • Status: Active
    • Updated: 206 min ago
    • ID#: 1033779
    0
    Beds
    0
    Baths
    0
    ½ Baths
    35.56
    Acres
    313,132
    SQFT
    $48
    $/SQFT
    2001
    Built
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    Prescott Gateway Mall is a modern, multifaceted regional shopping mall built in 2002, comprised of both an indoor traditional mall and an open-air outdoor lifestyle center. Indoors, under a magnificent exposed beam ceiling, are approximately 133,000 square feet and 67 suites, six of which serve an open and inviting food court. Outside, in the nicely landscaped open-air lifestyle center, 29 more suites occupy approximately 192,000 square feet. The property hosts national, regional and independent tenants including Bed Bath & Beyond, Michaels, Mattress Firm, Famous Footwear, Chico's, Coldwater Creek, Bath & Body Works, Buckle, and Spencer's.Prescott Gateway Mall is an exciting value-addable opportunity for an investor looking to reposition the project. Some of the upsides include the MOREpotential of developing outparcels and/or selling the pads, building out the 21,000 square feet of gray shell space, increasing under market rents, rebranding the property and drawing alternative uses to the property. The possibilities are endless. This is the only shopping mall for nearly 100 miles offering both an enclosed traditional mall shopping experience as well as an outdoor lifestyle and Town Center component. Flush with variety and centrally located, the mall functions as a community hub for the Quad City Area  Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt - and beyond. Demographically, the area continues to grow at a remarkable rate, fueled by a steady stream of new arrivals seeking refuge from the tax and regulation burdens of bigger cities and states. Prescott Gateway Mall is located in the area's prime retail hub at the intersection of State Route 69 and Prescott Lakes Parkway. It is surrounded by Class A retail, restaurant and service tenants including Costco, Walmart, Lowe's, Trader Joe's, Best Buy, Red Robin, Olive Garden, In-N-Out, and US Bank, as well as some of Prescott's most prestigious and established residential communities and a flourishing retirement community.
    Exterior Features

    Construction Block/BrickFrame - Steel External Amenities Drip SystemHandicap AccessLandscapedPaved ParkingSecurity Lights Lot Size 1437480 Parking On-SiteStorageTrailerTruck Roof MetalWelded Membrane

    Interior Features

    Bathrooms AdaInteriorPublicSeparate M And W Bathrooms Number 75.00 Cooling Central AirHeat Pump Flooring CarpetConcreteTile Heating ElectricNatural GasZoned Internal Amenities BathroomCeiling Fan(S)Fire/Smoke DetectorKitchenSecurity/AlarmSprinklers

    Property Features

    Building Type 5+ UnitsRetail - Shopping Center Buildings 3 Business Location Commercial StripMultiple LocationsTraffic Signal Business Name Prescott Gateway Mall Business Type Regional Mall CAM 0.00 Cap Percent 7.80 Ccr Frequency Monthly Ccr Type Other - See Remarks CCRs Yes Comm Type Shopping Center Commercial Amenities Ceiling Ht. 16+Ceiling Ht. Under 12Grade LevelOverhead Door(S)Roll-Up Door(S)Truck/Loading Dock Construction Status Existing GRM . Gross Vol Yr 2609778.00 Management Manager NOI 1175694.46 Property Use Investment Prop Records Available Alta SurveyElect/Hvac PlanEngr. ReportsSite PlanSurvey Reo Or Short Sale Not Applicable Road Access And Maintenance Maint-PrivatePavedState Source Of Measurement County Assessor Space Available Yes Tax Year 2019 Taxes 178349.00 Utilities Installed 2203 PhaseElectricityFire HydrantIndividual MeterMaster MeterNatural GasSecurity SystemTelephoneUndergroundWater - CityWwt - City Sewer Vacancy Rate Percent 3.70 Zoning Br Zoning Description Business Regional

    Listing information © 2020 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Matthew Fish of Better Homes And Gardens Real Estate Bloomtree Realty.


    © 2020 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 Iannelli & Associates Real Estate. Data last updated: 2020-11-30T23:52:36.61.
     
    https://bt-photos.global.ssl.fastly.net/prescott/1280_boomver_1_1033779-2.jpg https://bt-photos.global.ssl.fastly.net/prescott/1280_boomver_1_1033779-2.jpg https://bt-photos.global.ssl.fastly.net/prescott/1280_boomver_1_1033779-2.jpg
    Logo
    Iannelli & Associates Real Estate
    11672 E Manzanita Trail
    Dewey AZ, 86327