Opportunity Zone Redevelopment Property
212-222 N. Cortez Street, Prescott, Arizona 86301
Sold: $1,350,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
7,660 sqft
Land Size
0.46 acres
Sewer
City
Water
City
Zoning
DTB
Year Built
1910
Roof
Rolled/Hot Mop Welded Membrane
Parking
40 Spaces
Cap Rate
2.4%
Parcel #
113-15-067B, 069, 070
Construction
Frame - Wood ; Stucco
Property Description
OPPORTUNITY ZONE redevelopment property in downtown Prescott, 1.5 blocks from the courthouse square. Located directly across from the historic Santa Fe Depot and a perfect location to invest your Opportunity zone / 1031 funds. Nearly 1/2 acre (.46) and zoned DTB and a part of the entertainment district overlay. Spectacular, unobstructed views of the depot, Thumb Butte and Granite Mountain, perfect location for mixed use retail/residential condos, hotel, restaurant, etc. 7660 sq. ft. building, can stay or go. Adjoining property also for sale, MLS# 1021930. Add an additional .22 acres and 16,168 sq. ft. of building. See attachments in MLS for aerial views and ALTA survey. Tenants in place in 212, 214 and 216/218, 24 hour notice to show.