920 Black DrPrescott, AZ 86301

  • Healthcare properties
  • 3,200 SF
For Sale
$595,000 View listing

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
920 Black Dr, Prescott, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,132
$12,878
$63,654
$76,532
-
$71,545
$353,631
$425,176

FAQs

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