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    224-228 N Cortez Street

    Prescott, AZ 86301
    • $1,095,000
    • STATUS: Pending
    • ON SITE: 473 days
    • ID#: 1021930
    Pending
    UPDATED: 70 min ago
    $1,095,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,168
      SQFT
    • $68
      $/SQFT
    Type:
    Commercial
    Built:
    1945
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity Zone! Live/Work/Play in the heart of Downtown Prescott. All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportunity Zone.The property consists of two separate buildings totaling 16,168 sf and is situated on two parcels (which have recently been combined) totaling .22 acres of prime downtown business zoned land. This building offers great street frontage, visibility and signage on both Cortez St. and Sheldon St. The rear of the building is served by an alley and can accommodate 12 parking spaces in tandem fashion.The historic property...(ClickOpportunity Zone! Live/Work/Play in the heart of Downtown Prescott. All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportunity Zone. The property consists of two separate buildings totaling 16,168 sf and is situated on two parcels (which have recently been combined) totaling .22 acres of prime downtown business zoned land. This building offers great street frontage, visibility and signage on both Cortez St. and Sheldon St. The rear of the building is served by an alley and can accommodate 12 parking spaces in tandem fashion. The historic property formerly served as the Depot Hotel and the Bucky O'Neil Hotel when originally constructed in both 1911 & 1913. This commercial building is not on the historic register, not fire sprinklered and not elevator served. Seller may carry upon approved Buyer's financials/credit.

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    © 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 WEST USA REALTY OF PRESCOTT. Data last updated: 2020-09-27T07:52:12.303.
    www.gordonworks4u.com/homes/95766888
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    224-228 N Cortez Street Prescott, AZ 86301

    • Price: $1,095,000
    • Status: Pending
    • Updated: 70 min ago
    • ID#: 1021930
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    16,168
    SQFT
    $68
    $/SQFT
    1945
    Built
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    Opportunity Zone! Live/Work/Play in the heart of Downtown Prescott. All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportunity Zone.The property consists of two separate buildings totaling 16,168 sf and is situated on two parcels (which have recently been combined) totaling .22 acres of prime downtown business zoned land. This building offers great street frontage, visibility and signage on both Cortez St. and Sheldon St. The rear of the building is served by an alley and can accommodate 12 parking spaces in tandem fashion.The historic property...(ClickOpportunity Zone! Live/Work/Play in the heart of Downtown Prescott. All entitlements and plans have been approved by the City and are in place for the redevelopment of this building into an 11-unit residential project (see attached rendering). Excellent Value-Add Investment Opportunity located in the heart of Downtown Prescott within the Opportunity Zone. The property consists of two separate buildings totaling 16,168 sf and is situated on two parcels (which have recently been combined) totaling .22 acres of prime downtown business zoned land. This building offers great street frontage, visibility and signage on both Cortez St. and Sheldon St. The rear of the building is served by an alley and can accommodate 12 parking spaces in tandem fashion. The historic property formerly served as the Depot Hotel and the Bucky O'Neil Hotel when originally constructed in both 1911 & 1913. This commercial building is not on the historic register, not fire sprinklered and not elevator served. Seller may carry upon approved Buyer's financials/credit.
    Exterior Features

    Construction Other - See RemarksStucco External Amenities FenceHandicap Access Lot Size 9583 Parking On-SiteOther - See RemarksStreet Parking Roof Rolled/Hot Mop

    Interior Features

    Bathrooms Other - See RemarksShared Cooling Ceiling Fan(S)Other - See Remarks Flooring ConcreteTile Heating Gas Internal Amenities Ceiling Fan(S)Fire/Smoke Detector

    Property Features

    Building Type 5+ UnitsMotel/HotelOffice - BuildingOther - See Remarks Buildings 2 Business Location Freestanding BldgOther - See Remarks Business Name The Bucky O'neil Hotel Business Type Multi-FamHotel CAM 0.00 Cap Percent 0.00 Ccr Fees 4950.00 Comm Type Other Commercial Amenities Ceiling Ht. Under 12 GRM 0 Management Owner NOI 0.00 Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance CityMaint-CityPaved Source Of Measurement County Assessor Tax Year 2018 Taxes 5098.00 Utilities Installed ElectricityMaster MeterNatural GasTelephoneWater - CityWwt - City Sewer Vacancy Rate Percent 0.00 Zoning Dtb Zoning Description Downtown Business

    Listing information © 2020 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Raymond G. Zogob 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 WEST USA REALTY OF PRESCOTT. Data last updated: 2020-09-27T07:52:12.303.
     
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    WEST USA REALTY OF PRESCOTT
    231 N Marina Street
    Prescott AZ, 86301