240 S. Montezuma St., Prescott, AZ 86303

FOR SALE
  • $1,525,000
  • 65 Days on site
  • Beds: n/a
  • Baths: n/a
  • Commercial Building
  • 12,760 sq ft
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Description

SIGNIFICANT REDUCTION on this high yield asset with a 10. 09% cap rate. Excellent opportunity for investment in Multi-Tenant Professional Office in the downtown core. Below market rents, professionally managed and well maintained. On-site parking front and rear, rare in the downtown core. The building is two-stories currently configured with 10 suites serviced with an elevator and 2 exterior stairways. Tenancy includes attorneys, state agencies, and nationally affiliated companies. Offering includes a Billboard on State Route 89, facing the southern entrance of the City currently leased to Viacom. Download OFFERING MEMORANDUM. Rent roll and expenses available upon request. Click here to learn more about this listing.

  • MLS ID# 998796
  • Year Built: 1986
  • 65 Days on site
  • Commercial Building
  • Beds: n/a
  • Baths: n/a

Listing Details

Lot Size
Approximately 18730 Square Feet
Parking
Parking Space (39)
Features
Block Exterior, Stucco Exterior
Tax Amount
$14,100
Tax Year
2015
Cooling
Central Air, Central Cooling
Heating
Electric, Gas, Zoned HVAC

Local Info

Population
16,248
Median Household Income
$48,447
Median Years In Residence
8
Median Homeowner Age
52
Households with Children
24.75%
Percent of Homes Rented
24.71%

Property Contact Info

Listing Provided By: Arizona Commercial Llc
(928) 776-8460
Listing Agent: Mary Jo Kirk

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