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    141 S Mccormick St Prescott, AZ 86303

    New
    For Sale
    $4,500,000

    SINGLE_FAMILY - Prescott, AZ

    Type:Office
    Lot size:
    0.86 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 141 S Mccormick St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security Lighting, Security
    Zoning
    DTB
    Rooms
    Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Kitchen
    Bathrooms
    5
    Parking
    72
    Parking features
    On Street
    Interior features
    Elevator(s), Fire/Smoke Detector, Security/Alarm
    Exterior features
    Handicap Access
    Accessibility
    Accessible Elevator Installed, Accessible Approach with Ramp
    Lot size
    0.86 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Electric (Heating), Zoned, Natural Gas, Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    3
    Number of units
    42
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Frame, Stucco
    Roof type
    Membrane, Rolled Hot Mop

    Arizona Commercial LLC

    Listing agent Donald S Teel (928) 777-8100

    Listing date Dec 8, 2025

    Copyright © 2025 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Prescott Investment Opportunity

    This downtown Prescott investment property, located two blocks from the Courthouse Square, offers a prime opportunity for investors. The property is comprised of 42 units, covered private parking, and a restaurant building, spread across five parcels and two well-maintained buildings. It features 72 grade-level parking spaces. The property is 100% occupied and located in a walkable downtown business district. One of Prescott's popular dining destinations enhances the site, drawing consistent foot traffic. The multi-tenant office component houses a range of professional services, including legal, financial, medical, and development services. The property offers opportunities including rental rate optimization, rightsizing expenses, opportunities for redevelopment or reconfiguration to maximize unit counts, and potential for capital improvements. The downtown location ensures strong market demand. The property sits on a 0.86-acre lot. Intended uses for the property include office buildings, restaurants, and retail. The property is located in Yavapai County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Swan Therapeutic Massage Massage Therapist Lucas Flood Insurance Agency The Law Firm of Mike ... Criminal Justice Attorney Community Legal Services Attorney Willison Law, PC Family Law Attorney

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Realty agency Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.472563
    Latitude
    34.540368

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    FAQs

    What type of property is this?
    Office building - Prime investment property near Courthouse Square with diverse tenant mix.
    Where is this office building located?
    The property is located at 141 S Mccormick St Prescott, AZ.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Prime downtown Prescott location, two blocks from Courthouse Square.; - 100% occupied with a diverse tenant mix, including a popular restaurant.; - Significant upside potential by bringing lease rates to market value, increasing the cap rate to 12%.
    (928) 777-8100
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    141 S Mccormick St Prescott, AZ 86303
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