For Sale
$5,100,000

3360 Gateway BlvdPrescott, AZ 86303

144-Unit Apartment Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Prescott, Arizona multifamily investment presents a fully permitted and zoned 144-unit apartment complex ready for immediate development. Located at 3360 Gateway Blvd, Prescott, AZ 86303 (APN 103-20-600Q), this Class A property encompasses 74,668 square feet across two four-story buildings on a 205,881 square foot lot. The unit mix includes 32 studios, 64 one-bedroom, and 48 two-bedroom apartments, catering to diverse tenant needs. Amenities are designed for resident appeal and include 216 parking spaces, a 16' x 30' swimming pool, a spa, two ramadas, and a clubhouse. All necessary plans, permits, and engineering are in place, making this a nearly shovel-ready project. Priced at $5,100,000 ($68.30/sq ft and $35,416.67/unit), this represents a compelling opportunity in a thriving market. Detailed due diligence documents are available upon request and execution of a non-disclosure agreement. The property is zoned BR.

Highlights

  • 144-unit apartment complex in Prescott, AZ, ready for immediate development.
  • Located at 3360 Gateway Blvd, Prescott, AZ 86303 (APN 103-20-600Q).
  • 74,668 square feet across two four-story buildings on a 205,881 square foot lot.
  • Unit mix: 32 studios, 64 one-bedroom, and 48 two-bedroom apartments.
  • Amenities include 216 parking spaces, pool, spa, ramadas, and clubhouse.
  • Fully permitted and zoned (BR).

Property Details for 3360 Gateway Blvd

Property type
Apartment buildings
Square Feet
74,668 SF
Class
A
Buildings
2
Stories
4
Units
144

Location Insight

City
Prescott
County
Yavapai
State
Arizona
Latitude
34.5457252
Longitude
-112.4095346
3360 Gateway Blvd, Prescott, Arizona

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3360 Gateway Blvd
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