615 E Gurley Street
Prescott, AZ 86301
MLS# 1016799
Status: Closed
2726 sqft

Front Elevation of Property
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Front Elevation of Property 615 E Gurley Street, Prescott, AZ 86301 615 E Gurley Street, Prescott, AZ 86301 615 E Gurley Street, Prescott, AZ 86301 615 E Gurley Street, Prescott, AZ 86301 615 E Gurley Street, Prescott, AZ 86301 615 E Gurley Street, Prescott, AZ 86301

Property Description
The Property has a tremendous location on one of the main routes through Prescott. Situated just a few blocks from the downtown hub with enormous visibility for tenants. Constant high volume traffic makes this a decidedly desirable site. The two suites located on the front side of the building have good parking and ample signage while the two back suites are suitable for users who may enjoy a less visible location with additional parking. The suites of varied size each have separate entrance, bath and kitchen. The building is positioned near banking, downtown retail and the heart of tourism. Tenants are short term with an upside to rents.

Original List Price: 365000
Listing Price: 345000
List Price/SqFt: 127
Listing Date: 2018-11-07
Street #: 615
Direction: E
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Joslin Whipple
Neighborhood: N/A
County: Yavapai
Comm Type: Office
Zoning: BG
Zoning Description: Business General
Business Type: Multi Tenant
Tax Parcel: 110-01-085
Assessor's Book #: 110
Assessor's Map #: 1
Assessor's Parcel #: 85
REO/Short Sale: Not Applicable
General Property Description
Lot Size: 7405
Aprx Acres: 0.17
Buildings: 1
Total Liveable SqFt: 2726
Source of Measuremnt: County Assessor
Stories: 1
Floor: 1
Parking Spaces: 14
Year Built: 1984
Management: Owner
Vac Rate %: 3
Gross Vol/Yr $: 30846
NOI $: 22425
Cap %: 6.14
Baths - Full: 4
Traffic Count Per Day: 24000
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
CC & R Fees: 2727
Tax Info
Taxes: 3653
Tax Year: 2018
Remarks & Misc
Directions: Gurley to 2nd property on Southside just west of Washington Street.
Office/Member Info
Listing Exclusions: No
Status Change Info
Status: Closed
Under Contract Date: 2019-06-11
Sold Date: 2019-08-01
Sold Price/SqFt: 127
Financing: Conventional
Property Features
Bathrooms: Interior; Unisex
Building Type: 2-4 Units
Business Location: Office/Professional
Commercial Amenities: Grade Level
Construction: Frame - Wood
Cooling: Central Air
External Amenities: Landscaped; Paved Parking
Flooring: Carpet; Tile
Heating: Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector; Kitchen
Parking: On-Site
Possession: Subject to Tenant
Records Avail: Other - See Remarks
Road Access Maint: Maint-City; Paved
Roof: Asphalt Shingle
Terms and Conditons: 1031 Exchange; Conventional
Utilities Installed: Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
The Asset provides an excellent opportunity for an investor to acquire a fully leased, freestanding office building at an attractive 6.14 cap rate in the heart of beautiful "Mile High" Prescott, Arizona. One of owners is a licensed Realtor in the State of Arizona.

Listing Office: Invest Southwest

Last Updated: August - 13 - 2019

615 E Gurley Street, Prescott, AZ 86301 - MLS# 1016799

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Wednesday 21st of August 2019 04:34 AM