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1237 N Rhinestone Dr 2,863 SF Vacant Office Building Prescott, AZ 86301 $849,500 ($296.72/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Signage and building visible from highway 69, one of the busiest highways in Arizona.
- Dual-purpose layout with separate residential entrance. Escape the commute and occupy or rent the residential side
- Centrally located to serve Prescott, Prescott Valley, Chino Valley and Dewey, Arizona (Quad Cities).
EXECUTIVE SUMMARY
Rare Opportunity for Exceptional Location Zoned For Commercial and/or Residential: Constructed as a model home for a high end builder and visible from one of the most highly trafficked roadways in Arizona, Highway 69 (the main corridor to Prescott). This location offers exceptional advertising potential for commercial use. This is a fast growing area with a brand new hospital just up the way. Professional landscaping surrounds the building and a freshly recoated/sealed parking lot offers convenient access to the entire Quad Cities area. The building is thoughtfully positioned for low neighbor visibility and outstanding valley and mountain views. Can function as residence, commercial, or both. This property is turnkey ready with endless income possibilities! In addition, this rare commercial property is zoned in Yavapai County so there are no city taxes. For more information, see https://www.prescotthealthandhealing.com/listing/.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
2,863 SF
Building Class
C
Year Built
2004
Price
$849,500
Price Per SF
$296.72
Cap Rate
7%
NOI
$59,465
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,863 SF
Building FAR
0.07
Lot Size
0.91 AC
Zoning
Zoning: RS-12 (Residentia - https://www.yavapaiaz.gov/files/sharedassets/public/v/4/development-and-permits/development-services/documents/updated-documents/amended-ord-update-7-
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Skylights
- Wheelchair Accessible
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 103-15-042A | Improvements Assessment | $713,441 |
| Land Assessment | $77,567 | Total Assessment | $791,008 |
PROPERTY TAXES
Parcel Number
103-15-042A
Land Assessment
$77,567
Improvements Assessment
$713,441
Total Assessment
$791,008
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1237 N Rhinestone Dr
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