$580,000
Prescott, AZ 86301
MLS# 5928296
Status: Closed
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Property Description
Located in a very desirable area in the exclusive Prescott Lakes subdivision, this 4275 sq ft property has two separate suites that are fully leased out. Built out beautifully with amazing finishes the possibilities are endless. Wonderful investment opportunity.
Details
Maps
Contract Info
Current Price: $580,000
Sold Price: $580,000
Status: Closed
List Date: 2019-05-19
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C82
House Number: 1951
Street Name: COMMERCE CENTER
St Suffix: Circle
City/Town Code: Prescott
State/Province: AZ
Zip Code: 86301
Zip4: 7418
Country: USA
County Code: Yavapai
Legal Description (Abbrev): PRESCOTT LAKES COMMERCE CENTER LOT 1 (2ND REPLAT) LOT C CONT .12 AC SEC 14-14-2W M&P 49/36
Subdivision: PRESCOTT LAKES COMMERCE CENTER
Assessor's Map #: 18
Assessor's Parcel #: 340
Assessor Parcel Ltr: D
Add'l Parcels: No
Assessor Number: 106-18-340-D
Census Tract: 401
Legal: PRESCOTT LAKES COMMERCE CENTER LOT 1 (2ND REPLAT) LOT C CONT .12 AC SEC 14-14-2W M&P 49/36
Tax Municipality: Yavapai - COUNTY
Taxes: 4724
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 4275
# of Buildings: 1
Year Built: 2005
Uncvrd Parking Spcs: 7
Zoning: IT (PAD)
Remarks & Misc
Directions: Head north on S Montezuma St toward W Gurley St. Turn right onto W Gurley St. Slight left onto AZ-89 N. Turn left onto Prescott Lakes Pkwy. Turn right onto Commerce Center Cir.
Geo Lat: 34.5925
Geo Lon: -112.431
Status Change Info
Status Change Date: 2020-12-02
Off Market Date: 2020-12-02
Under Contract Date: 2020-08-18
Close of Escrow Date: 2020-12-01
Sold Price: $580,000
Legal Info
Township: 14N
Range: 02W
Section: 14
Lot Number: 1
Income & Expenses
Annual Elec Exp: 1638
Annual Gas Exp: 339
Annual Ins Exp: 4000
Annual Wtr/Swr Exp: 986
Owner Association: No
Annual Ownr Asoc Fee: 1465
Operating Exp: 13152
Gross Annual Sch Inc: 50565
Adjusted Gross Inc: 50565
Net Operating Income: 37413
Pmt & Rate Info
Cap Rate: 5.35
Equity: 699000
Sold Info
Loan Type: SBA
Loan Years: 15
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Mixed Use; Service Business; Medical/Dental; Office
Stories: 1 Story
Construction: Stucco; Frame - Wood
Roofing: Tile
Floors: Concrete; Vinyl; Sealed; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Private Restrooms
Exterior: Corner Lot; Landscaping; Security Light(s)
Fencing: None
Amenities: Conference Room; Kitchen
Parking: Public Parking; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Traffic Count: Unknown
Reports/Disclosures: None
Use Restrictions: CC&R's
Environmental: None
Listing Office: Keller Williams Northern AZ
Last Updated: February - 17 - 2023
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