195 Plaza DrPrescott, AZ 86303

Property Details for 195 Plaza Dr

Year built

1998

Construction

STEEL FRAME

Lot size

1.40 AC

Property size (Sq ft)

6,636 SF

Property type

Office buildings

APN

111-08-017D

APU

11108017D

Description

This exceptional 6,750-square-foot retail property in Prescott, Arizona, is available for lease at $8,500 per month plus NNN, or for sale at $1,350,000. Located approximately one mile west of downtown Prescott on a 1.4-acre lot, this single-level, freestanding building boasts 65 parking spaces and attractive landscaping, including outdoor patio areas adjacent to Butte Creek. Built in 1976 and recently renovated, the property features a versatile layout, vaulted ceilings, durable concrete flooring, separate restrooms, and a fire sprinkler system. The Business General zoning allows for diverse uses, including medical or professional offices, restaurants, or other special enterprises. The ample land offers potential for future expansion. The property's previous tenant, a non-profit organization, is relocating, making this a prime opportunity for a new business. The newly paved and striped parking lot further enhances the property's appeal. Detailed floor plans are available upon request. The APN is 111-08-017D, located in Yavapai County, Arizona, zip code 86303.

• CAP approach

  CAP return

  Valuation

  6%

  $1,063,840

  6.5%

  $982,006

  7%

  $911,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,022,939

  Geo Method

  $1,022,939

• Alternative Use

  Use

  Valuation

  Residential

  $1,217,687

  Hospitality

  $1,115,395

  Educational

  $927,996

  Medical

  $959,911

  Retail

  $1,443,549

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5418

Longitude

-112.493

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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