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    1297-1299 Gurley St Prescott, AZ 86301

    For Sale
    $1,979,000

    High-traffic location, two buildings, income potential.

    Property size:
    4,617 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional Prescott commercial property presents a rare investment opportunity. Situated at the crucial intersection of SR 89 and SR 69, plus Gurley and Sheldon Streets, this 1.38-acre lot enjoys unparalleled visibility and accessibility. The property features two existing buildings totaling 4,617 square feet. One building houses Koko Grill, a tenant currently under lease until August 28, 2025, with two five-year option periods and annual rent escalations, providing immediate income potential. The second building, previously occupied by Enterprise Rent-A-Car, offers 1,385 square feet of adaptable space, perfect for repurposing or redevelopment. This oversized lot, zoned Business General, allows for a wide range of commercial and/or multifamily uses, making it an ideal site for expansion, redevelopment, or a new venture. Its prime location at the gateway to Prescott ensures high traffic volume and strong potential for future growth. The property's strategic position at the convergence of major roadways leading to and from downtown Prescott makes it an exceptional investment for discerning buyers seeking a high-impact commercial asset. The existing income stream from the tenant, coupled with the flexibility of the second building and the expansive lot size, presents a unique opportunity to capitalize on Prescott's thriving commercial market.

    Property Features for 1297-1299 Gurley St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,617 SF
    Lot Size
    60,113 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.4525
    Latitude
    34.54485

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, two buildings, income potential.
    Where is this commercial real estate located?
    The property is located at 1297-1299 Gurley St Prescott, AZ.
    What is the asking price?
    The asking price for this property is $1,979,000.
    (928) 899-3111
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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
    1297-1299 Gurley St Prescott, AZ 86301
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