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Downtown Flex Space
For Lease
$10 SF/Yr

222 1/2 S Montezuma Street, Prescott, AZ 86303

Commercial Lease, Prescott, AZ

Space Size5,000 SF
Lot Size0.48 Acres
Days on Market180

Property Features for 222 1/2 S Montezuma Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning DTB
Parking 2
Parking features On Street
Exterior features Drip System, Fence
Fencing Fenced
Lot features Sprinklers In Front
Directions Adjacent to Mile High's track and field, on the South Montezuma alley way.
Standard status Active
Lot size 0.48 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Prescott Original Townsite per MAP 4 22 Block 19, Lots 9, 11, and 13, less the south 10 ft of Lot 13.
Tax Annual Amount 11307
Legal Description Prescott Original Townsite per MAP 4 22 Block 19, Lots 9, 11, and 13, less the south 10 ft of Lot 13.

Utilities

Utilities Phone Available
Heating system Natural Gas
Cooling system Ductless
Water source Public

Building Details

Year built 1920
Floors in Building 1
Number of units 8
Flooring type Concrete, Carpet
Building materials Gray Shell
Roof type Asphalt
Listing Agency: Arizona Commercial
Listed By: Abigail Chartier · License #SA710066000
Added: Mar 2 Changed: Aug 28 Last Checked: Aug 29 at 9:06PM
MLS# 1079935

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.

This 5,000-square-foot flex property includes an approximately 70-by-45-foot main warehouse area with open-span workspace. The interior also provides two private offices, storage rooms, a breakroom, and two restrooms. Concrete and carpet flooring, ductless cooling, natural-gas heating, fencing, and a gray-shell construction finish are among the existing features.

Access is available from Montezuma Street and the rear alleyway, with patio space opening off Montezuma Street. The property is positioned in downtown Prescott and carries DTB zoning. Its layout is suited to light industrial, storage, distribution, and creative service-based uses, including gyms, arcades, dance clubs, and similar operations.

Key Highlights

  • 5,000 square feet of flex space with an approximately 70' x 45' warehouse area
  • Two private offices, storage rooms, breakroom, and two restrooms
  • Access from Montezuma Street and the rear alleyway

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Parking Lot & Garage Barber Shop (Bike/Boat/Book/etc) Store Locksmith Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,896
Businesses Nearby
Balanced
Demand for This Use

Demographics for 86303, AZ

18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
Median Home Value

Market

Lease Benchmarks for Prescott, AZ

$14.88 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
3,180 SF
Avg Space Size

This space is priced 33% below the average of $14.88 /SF/Yr.

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Hawk & Hound Catering and Events 234 S Cortez St, Prescott, AZ 86303
  • Perfect Events Catering Prescott, AZ 86301
  • Goods From The Garden 119 garden st, prescott, az 86305

Frequently Asked Questions

What type of property is this?
Flex space - Open-span warehouse area includes offices, storage rooms, a breakroom, and restrooms.
Where is this flex space located?
The property is located at 222 1/2 S Montezuma Street Prescott, AZ.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 5,000 square feet of flex space with an approximately 70' x 45' warehouse area; Two private offices, storage rooms, breakroom, and two restrooms; Access from Montezuma Street and the rear alleyway
More about this property
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