1297-1299 Gurley St Prescott, AZ 86301

Property Details for 1297-1299 Gurley St

Year built

1979

Lot size

1.38 lot acres

Property size

4,617 SF

Property type

Commercial real estate

Description

This exceptional Prescott commercial property presents a rare investment opportunity. Situated at the crucial intersection of SR 89 and SR 69, plus Gurley and Sheldon Streets, this 1.38-acre lot enjoys unparalleled visibility and accessibility. The property features two existing buildings totaling 4,617 square feet. One building houses Koko Grill, a tenant currently under lease until August 28, 2025, with two five-year option periods and annual rent escalations, providing immediate income potential. The second building, previously occupied by Enterprise Rent-A-Car, offers 1,385 square feet of adaptable space, perfect for repurposing or redevelopment. This oversized lot, zoned Business General, allows for a wide range of commercial and/or multifamily uses, making it an ideal site for expansion, redevelopment, or a new venture. Its prime location at the gateway to Prescott ensures high traffic volume and strong potential for future growth. The property's strategic position at the convergence of major roadways leading to and from downtown Prescott makes it an exceptional investment for discerning buyers seeking a high-impact commercial asset. The existing income stream from the tenant, coupled with the flexibility of the second building and the expansive lot size, presents a unique opportunity to capitalize on Prescott's thriving commercial market.

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Longitude

-112.452

Latitude

34.5448