1297-1299 E Gurley Street Prescott, AZ 86301
Exceptional location with income opportunity and redevelopment potential.
Property size:
4,617 SFLot size:
1.38 AcresPrice / SF:
$428/SF- Added:
- Jun 5, 2024
- Days on Market:
- 692
- Last Refresh:
- Apr 1 at 9:15 pm
Property Features for 1297-1299 E Gurley Street
General Information
- Standard status
- Active
- Size
- 4,617 SF
- Lot size
- 1.38 Acres
- Property subtype
- Other
Building Details
- Year Built
- 1979
Listing agent Invest Southwest
Listing office (928) 899-3111
Listing date Jun 5, 2024
Source Xome
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Overview
Prime Prescott Location with Redevelopment Potential
Available for the first time in nearly a century, this property is located at the entrance to Prescott, at the interchange of Highways 69/89, Gurley Street, and Sheldon Street, where the major roads to and from Downtown Prescott converge. The property consists of approximately 1.38 acres with two retail buildings. One building is leased to Koko Grill, offering an income opportunity with a lease expiring on August 28, 2025, and includes two 5-year options with annual escalations. The other building, formerly Enterprise Rental Car, is a vacant 1,385 square foot space that can be repurposed or redeveloped in conjunction with the excess land on this oversized parcel. The Business General zoning allows for a variety of commercial and/or residential uses, including retail, office, or multifamily, presenting a tremendous redevelopment opportunity.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.4525025
- Latitude
- 34.5448524
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FAQs
What type of property is this?
Retail space - Exceptional location with income opportunity and redevelopment potential.
Where is this retail space located?
The property is located at 1297-1299 E Gurley Street Prescott, AZ.
What is the asking price?
The asking price for this property is $1,979,000.
What are key features of this property?
This property features: Exceptional high‑traffic location at the entrance to Prescott.; Significant redevelopment opportunity on a +/-1.38 acre parcel with Business General zoning.; Existing income opportunity from Koko Grill, with a lease extending to 8/28/25.
