920 Black DrPrescott, AZ 86301
- Healthcare properties
- 3,200 SF
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
- Healthcare properties
- Property subtype
- Medical offices
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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