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    195 Plaza Dr Prescott, AZ 86303

    For Sale
    $1,350,000

    Prime Prescott office, 6,636 sq ft, 1.4 acres.

    Property size:
    6,636 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 195 Plaza Drive in Prescott, Arizona, presents a unique owner-user or investment opportunity. The single-story, 6,636 square foot building sits on a desirable 1.42-acre lot, approximately one mile west of Prescott's vibrant downtown area. Previously occupied by a restaurant and bar, the property is currently leased to a non-profit organization serving disabled adults, who plan to relocate in the near future. The building offers significant potential for a variety of uses, thanks to its Business General zoning. Ideal uses could include medical or professional offices, rehabilitation centers, dining establishments, or other specialized businesses. The property's attractive location, nestled alongside Butte Creek, adds to its appeal. The asking price is $1,350,000, or $200 per square foot. This presents a compelling opportunity to acquire a substantial commercial property in a thriving Prescott location with ample space and versatile zoning. The property's size and location make it an excellent prospect for a variety of commercial ventures. The ample acreage provides significant potential for future development or expansion.

    Property Features for 195 Plaza Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,636 SF
    Lot Size
    61,855 SF

    Building Details

    Year Built
    1998
    Insight Report Location Intelligence

    Current Use by Public Records

    Gambling Rehab Physical Therapy Clinic Hozhoni Foundation Non-Profit Organization Northern Arizona Center ... Addiction Treatment Center

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -112.4929
    Latitude
    34.54176

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Prescott office, 6,636 sq ft, 1.4 acres.
    Where is this office property / space located?
    The property is located at 195 Plaza Dr Prescott, AZ.
    What is the asking price?
    The asking price for this property is $1,350,000.
    Request Owner's contact information
    195 Plaza Dr Prescott, AZ 86303
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    Prescott, AZ 86303
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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
    195 Plaza Dr Prescott, AZ 86303
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