723 Gurley St Prescott, AZ 86301-3240
This 1,748 square foot freestanding building, located at 723 E Gurley St in Prescott, Arizona, presents a unique opportunity for owner-users or investors. Situated on a 0.18-acre lot at a signalized intersection, this property boasts high visibility due to its location on a main thoroughfare leading to downtown Prescott and prominent monument signage. Built in 1954, the single-story building is zoned for general business use and currently vacant, offering flexibility for various uses, including QSR, restaurant, or storefront retail. The property features five parking spaces in front and additional parking in the rear. Its strategic location is directly across from Prescott's Parks and Recreation department, including a gym, courts, skate park, and ball field, ensuring high foot and vehicle traffic. The property is seven blocks from the Courthouse Square and offers a potential drive-thru option. A conceptual site plan is available. The asking price is $599,000.
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ERA Real Estate: CAROLYN MURPHY Real Estate Agency
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Chino Valley Real Estate Real Estate Agency
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Gerstmann Ryan Real Estate Agency
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ERA Real Estate Professionals: Mike Kaine Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.