141 S Mccormick Street Prescott, AZ 86303
- Added:
- Aug 19, 2025
- Days on Market:
- 250
- Last Refresh:
- Apr 25 at 11:06 am
Property Features for 141 S Mccormick Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- DTB
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 1
- Parking
- 72
- Parking features
- On Street
- Security features
- Security Lighting, Security
- Interior features
- Elevator(s), Fire/Smoke Detector, Security/Alarm
- Exterior features
- Handicap Access
- Accessibility
- Accessible Approach with Ramp, Accessible Elevator Installed
- Standard status
- Active
- Lot size
- 0.86 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PRESCOTT S2 LOT 20 AP6; LOT 22 ALL IN BLK E 76/376 706/450- 451
- Tax Annual Amount
- 46954
Utilities
- Utilities
- Phone Available
- Heating system
- Electric (Heating), Zoned, Natural Gas, Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1990
- Floors in Building
- 3
- Number of units
- 42
- Flooring type
- Concrete, Carpet, Tile
- Building materials
- Frame, Stucco
- Roof type
- Membrane, Rolled Hot Mop
Listing agent Donald S Teel License #SA031726000 (928) 777-8100
Listing office Arizona Commercial 122 N. Cortez St. Suite #300, Phoenix, AZ (928) 515-1223
Listing date Aug 19, 2025
MLS# 1075827
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.
Overview
Downtown Prescott Investment Opportunity
This investment property in Downtown Prescott offers a prime opportunity for investors. Located two blocks from the Courthouse Square, the property is situated in a walkable downtown business district. The property is comprised of 42 units, covered private parking, and a restaurant building, spread across five parcels and two buildings. There are 72 grade level parking spaces. The multi-tenant office component houses a range of professional services including legal, financial, medical, and development services. The property offers opportunities including rental rate optimization, rightsizing expenses, redevelopment or reconfiguration to maximize unit counts, and potential for capital improvements. The downtown location ensures strong market demand due to a growing population, thriving tourism, and a burgeoning local economy. The property is 100% occupied. The lot size is 0.86 acres.
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
- -112.472563
- Latitude
- 34.540368
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime investment property near Courthouse Square with diverse tenant mix.
Where is this office building located?
The property is located at 141 S Mccormick Street 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, **two blocks from Courthouse Square**.; **100% occupied with a diverse tenant mix**, including a popular restaurant.; Significant upside potential, **increasing the cap rate to 12% with a proforma NOI of $543,324**.
