For Sale
$859,000

223 White Spar Rd Prescott, AZ 86303

Prime Prescott location, high-yield office building.

Overview

Added:
Feb 3
Days on market:
84
This exceptional 3,601 square foot office building in Prescott, Arizona, presents a compelling investment opportunity. Situated on a 0.18-acre lot at 223 White Spar Road, the property boasts a strong tenant base with a recently renewed 10-year, triple-net (NNN) lease for the main 2,413 square foot unit. This long-term lease provides immediate and stable cash flow. Two additional units, totaling 1,188 square feet (988 sq ft and 200 sq ft), offer flexibility for lease to additional tenants or owner occupancy. Recent improvements enhance the property's appeal, including fresh interior and exterior paint in the lower-level unit (Unit B), new carpeting, and restriped parking. The building is equipped with ADA-compliant access and restrooms on both levels, ensuring accessibility and convenience. With a projected 7.0% capitalization rate (based on all three units), this property offers a strong return on investment. The prime location on White Spar Road provides excellent visibility and accessibility. This is an ideal opportunity for investors seeking a stable, high-yield commercial property in a desirable Prescott location.

Property Details for 223 White Spar Rd

Property type
Office properties
Square Feet
3,601 SF
Year Built
1992
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Prescott
County
Yavapai
State
Arizona
Latitude
34.53091
Longitude
-112.4712

FAQs

What type of property is this?
Office property - Prime Prescott location, high-yield office building.
Where is the office property located?
The property is located at 223 White Spar Rd Prescott, AZ.
What is the asking price?
The asking price for this property is $859,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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223 White Spar Rd
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