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141 S Mccormick St Prescott, AZ 86303

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For Sale
$4,500,000

Fully occupied mixed-use property near Courthouse Square.

Property size:
27,690 SF
Lot size:
37,461.60 Acres

Property Features for 141 S Mccormick St

General Information

Standard status
Active
Zoning
DTB
Size
27,690 SF
Lot size
37,461.60 Acres

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Listing Contact
Matthew Fish
Matthew Fish
Source: Crexi

Listing Agency: Arizona Property Brokerage Listing Agent: Matthew Fish

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Downtown Prescott Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Swan Therapeutic Massage Alternative Medicine Practice Lucas Flood Insurance Agency The Law Firm of Mike ... Law Firm Community Legal Services Law Firm Willison Law, PC Law Firm

Suggested Use

Law Firm Restaurant Dental Office Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

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  • Local Demand
City
Prescott
County
Yavapai
State
Arizona
Longitude
-112.4725572
Latitude
34.5404406

FAQs

What type of property is this?
Mixed-use property - Fully occupied mixed-use property near Courthouse Square.
Where is this mixed-use property located?
The property is located at 141 S Mccormick St Prescott, AZ.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - Prime downtown Prescott location, just two blocks from Courthouse Square.; - 100% occupied with a diverse tenant mix, including a popular restaurant, ensuring steady cash flow.; - 42 units across five parcels and two well-maintained buildings.
More about this property
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