141 S McCormick St, Prescott, AZ 86303

This downtown Prescott investment presents a prime opportunity for investors seeking steady cash flow and a diverse tenant mix. The property is 100% occupied and located just two blocks from the iconic Courthouse Square, situated in a highly walkable, demand-driven downtown business district that attracts residents and visitors year-round. The property is comprised of 42 units, covered private parking, and a restaurant building, spread across five parcels and two well-maintained buildings. There are 72 grade-level parking spaces. Historically low vacancy rates demonstrate the property's resilience and enduring appeal. One of Prescott's most popular dining destinations enhances the site, drawing consistent foot traffic and contributing to a robust tenant mix. The multi-tenant office component already houses a range of professional services including legal, financial, medical, and development services, ensuring diversified income streams and reduced risk. The property offers multiple upside opportunities including rental rate optimization, rightsizing expenses, opportunities for redevelopment or reconfiguration to maximize unit counts, and potential for capital improvements that enhance property value, commanding higher rents, and tenant appeal. The downtown location ensures strong market demand with a growing population, thriving tourism, and a burgeoning local economy. The property size is 27690 square feet.