Downtown Prescott Investment
141 S McCormick St, Prescott, AZ 86303
Call to check price and availability
Fully occupied mixed-use property near Courthouse Square.
Type:Hospitality, Office, Retail
Property size:
27,690 SFPrice / SF:
$162/SF- Added:
- Aug 20, 2025
- Days on Market:
- 268
- Last Refresh:
- Mar 16 at 1:24 pm
Property Features for 141 S McCormick St
General Information
- Standard status
- Active
- Size
- 27,690 SF
- Property subtype
- Hospitality, Office, Retail
Listing agent Matthew Fish License #BR626105000
Listing office Arizona Commercial Real Estate (480) 309-1089
Listing date Aug 20, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Arizona Commercial Real Estate
HighLights
- 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.
- Historically low vacancy rates.
- Multiple upside opportunities including rental rate optimization and redevelopment potential.
- 72 grade‑level parking spaces.
Overview
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.
Property Profile
Insight Report
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
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.4725572
- Latitude
- 34.5404406
Nearby Similar for Sale
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.
