920 Black DrPrescott, AZ 86301

Property Details for 920 Black Dr

Year built

1983

Construction

CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

3,200 SF

Property type

Medical offices

Property subtype

Medical centers

APN

115-05-045

APU

11505045

Description

Discover a prime Prescott, AZ commercial property at 920 Black Drive, boasting 3,200 square feet of versatile office space on a 0.22-acre lot. Currently in shell condition, this property presents a unique value-add opportunity for discerning investors or businesses seeking a customizable space. The building's Business General zoning allows for a wide range of uses, including retail, office, medical, residential, and service businesses, providing significant flexibility for future development. The property benefits from convenient access to shopping centers and a hospital, ensuring high visibility and attracting a diverse clientele. Recent improvements include a new concrete parking lot completed in 2024 and an upgraded electrical system. While the property requires the installation of an HVAC system, this presents an opportunity to tailor the climate control to specific business needs. The seller is open to financing options, potentially carrying a portion of the loan with a minimum 25% down payment. This is an exceptional chance to acquire a well-located commercial property with significant upside potential in a thriving Prescott market. The property's strategic location and flexible zoning make it an ideal investment for those seeking a high-return opportunity. Act quickly to secure this promising asset.

• CAP approach

  CAP return

  Valuation

  6%

  $513,003

  6.5%

  $473,541

  7%

  $439,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $493,280

  Geo Method

  $493,280

• Alternative Use

  Use

  Valuation

  Residential

  $587,191

  Hospitality

  $537,864

  Educational

  $447,496

  Medical

  $462,886

  Retail

  $696,105

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5668

Longitude

-112.483

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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