Retail Space with
New
For Lease
$3,276/Mo CAM $3.99 /USD/SF/YR
131 N Cortez Street, Prescott, AZ 86301
Commercial Lease, Prescott, AZ
Space Size2,125 SF
Lot Size0.26 Acres
Days on Market2
Property Features for 131 N Cortez Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
DTB
Directions
From the Downtown Courthouse Square, head north on Cortez St. The building is half a block on the east side of the street.
Standard status
Active
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
CITY OF PRESCOTT: ALL OF THE HEAD HOTEL SHOWN AS PCL 1 & 3 ON RS 6/81 ABOVE THE FIRST FLOOR NO SURFACE RIGHTS BEING ABOVE PTNS OF LOTS 8,10, & 12 BLK 9
Legal Description
CITY OF PRESCOTT: ALL OF THE HEAD HOTEL SHOWN AS PCL 1 & 3 ON RS 6/81 ABOVE THE FIRST FLOOR NO SURFACE RIGHTS BEING ABOVE PTNS OF LOTS 8,10, & 12 BLK 9
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Number of units
1
Flooring type
Wood, Carpet
Building materials
Vanilla Shell
Roof type
Rolled Hot Mop
Listing Agency:
Arizona Commercial
(928) 515-1223
Listed By:
Abigail Chartier · License #SA710066000
(928) 642-3032
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 9:06AM
MLS# 1084813
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located at 131 N Cortez Street in Prescott, this retail offering provides approximately 2,125 square feet across a main level and loft. The configuration includes about 1,625 square feet of ground-floor retail area and an additional 500-square-foot loft, creating distinct areas within the suite. Interior finishes include carpet and wood flooring, with natural gas heating and evaporative cooling. The space is identified as a Vanilla Shell and falls within DTB zoning.
The property is positioned half a block from Courthouse Square in Downtown Prescott, near restaurants, shops, offices, and other downtown attractions. Public water service and phone availability are listed for the property. A rolled hot mop roof and 1901 construction date complete the primary building details. Lease terms include an NNN expense structure, with applicable City of Prescott TPT noted in the property information.
The property is positioned half a block from Courthouse Square in Downtown Prescott, near restaurants, shops, offices, and other downtown attractions. Public water service and phone availability are listed for the property. A rolled hot mop roof and 1901 construction date complete the primary building details. Lease terms include an NNN expense structure, with applicable City of Prescott TPT noted in the property information.
Key Highlights
- Approximately 2,125 SF retail space with 1,625 SF main level and 500 SF loft
- Half a block from Courthouse Square in Downtown Prescott
- DTB zoning designation
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,983
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 23%
Hotels & Casinos 4%
Shell
Shops & Services
6,127 visits/mo
0.5 miles
Chase Bank
Shops & Services
5,350 visits/mo
0.2 miles
Rosati's Chicago Pizza
Dining
3,658 visits/mo
0.1 miles
The UPS Store
Shops & Services
3,349 visits/mo
0.2 miles
Parlor Doughnuts
Dining
1,412 visits/mo
0.1 miles
Demographics for 86301, AZ
25,115
Population
13,863
Households
1.8
Avg Household Size
57
Median Age
37%
College-Educated
96%
High-School Grad
33.4 sq mi
ZIP Area
752
Density / Sq Mi
$71,962
Median Household Income
$33,989
Median Earnings
$1,580
Median Rent
$495,100
Median Home Value
Market
Lease Benchmarks for Prescott, AZ
$19.27 /SF/Yr
Avg Asking Price
$12–$32 /SF/Yr
Price Range
2,888 SF
Avg Space Size
This space is priced 4% below the average of $19.27 /SF/Yr.
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-level commercial layout combines ground-floor retail space with an elevated loft in a downtown setting.
Where is this retail space located?
The property is located at 131 N Cortez Street Prescott, AZ.
What is the lease rate?
The lease rate is $3,276/Mo.
What are key features of this property?
This property features: Approximately 2,125 SF retail space with 1,625 SF main level and 500 SF loft; Half a block from Courthouse Square in Downtown Prescott; DTB zoning designation
