920 Black Dr Prescott, AZ 86301

This exceptional 3,200 square foot medical office building, located at 920 Black Drive in Prescott, Arizona, presents a compelling value-add investment opportunity. The property, built in 1981 and extensively renovated in 2024, sits on a 0.21-acre lot and features 12 parking spaces in a newly installed concrete lot. Currently vacant and in shell condition, this two-story Class C building offers a blank canvas for customization. The property is zoned Business General (BG), allowing for diverse uses. With a pro-forma NOI of $50,800 and a pro-forma cap rate of 8.54%, this represents a strong return on investment. The asking price is $595,000, translating to $185.94 per square foot. The building's location in Prescott offers easy access to major roadways, shopping centers, and medical facilities. While the building currently lacks air conditioning, this allows for the installation of a system tailored to the specific needs of the future tenant or owner. This property is ideal for owner-users seeking a redevelopment or value-add project, providing a chance to create a space perfectly suited to their business requirements. The property's versatility, prime location, and ample parking make it an attractive proposition for a wide range of commercial ventures. This is a rare opportunity to acquire a well-located, adaptable commercial property in a thriving Arizona market.