124 N Montezuma St 5,836 SF 100% Leased Retail Building Prescott, AZ 86301 For Sale

Positioned just steps from the iconic Courthouse Plaza, this fully operational restaurant offering at 124 N Montezuma Street presents a rare opportunity to own a premier hospitality asset in the heart of Downtown Prescott’s celebrated dining district. The property occupies a prominent location along Montezuma Street, a pedestrian-oriented corridor known for its year-round foot traffic, eclectic culinary mix, and enduring appeal to both locals and visitors. Its placement within the city’s historic core ensures long-term demand driven by tourism, seasonal events, and the area’s established reputation as a regional destination.
The building spans two parcels and delivers a spacious, well-maintained environment enhanced by multiple phases of renovation completed in 2011, 2012, and 2020. Ownership benefits from a thoughtfully designed layout that includes dining areas, full kitchen infrastructure, and an attractive exterior character consistent with Downtown Prescott’s historic streetscape. Strong local demographics, supported by above-average household incomes and a steady influx of residents from Phoenix and coastal markets, make this an especially compelling opportunity for operators seeking reliable performance and brand growth. The combination of tourist activity, local patronage, and a walkable urban environment creates a stable revenue foundation not easily replicated in similar-size mountain and resort towns.
Prescott’s vibrant calendar of more than thirty annual events centered around the Town Square further amplifies exposure and customer flow, allowing restaurateurs to benefit from predictable traffic spikes and repeat visitation. Limited supply of restaurant real estate near the core—paired with preservation-focused zoning—creates meaningful barrier-to-entry advantages for owners. For buyers seeking a turnkey, character-rich asset supported by long-term demand drivers and a dynamic community setting, this property stands as one of Downtown Prescott’s most strategically positioned offerings.