325 Gurley StPrescott, AZ 86301

Property Details for 325 Gurley St

Year built

1952

Construction

STEEL FRAME

Lot size

0.25 AC

Property size (Sq ft)

1,618 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

109-01-056A

APU

10901056A

Description

This exceptional Prescott, Arizona retail property presents a unique investment opportunity. Located at 325 E Gurley Street, the property encompasses a substantial 1,618 square feet of retail space situated on a generous 0.38-acre lot. The significant value lies in the land itself, offering considerable potential for future development or redevelopment. The current retail business operating on the site is included in the asking price of $1,000,000. While comprehensive financial records are not available, the seller is prepared to disclose the business's performance upon acceptance of a serious offer. A second parcel, identified as 109-01-126, is also included in this sale and consists of a vacant parking lot, further enhancing the property's overall utility and appeal. This presents a rare chance to acquire a well-situated retail property with substantial land holdings in a thriving Prescott commercial district. The property's strategic location and the inclusion of an established business make this an attractive proposition for investors seeking immediate returns and long-term growth potential. The vacant parking lot provides additional flexibility for expansion or future development plans. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $381,299

  6.5%

  $351,968

  7%

  $326,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $628,525

  Geo Method

  $628,525

• Alternative Use

  Use

  Valuation

  Residential

  $296,898

  Hospitality

  $271,957

  Educational

  $226,265

  Medical

  $234,047

  Retail

  $351,968

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5415

Longitude

-112.465

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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