402 Sheldon StPrescott, AZ 86301

Property Details for 402 Sheldon St

Year built

1953

Construction

CONCRETE

Lot size

0.25 AC

Property size (Sq ft)

1,012 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

114-02-001A

APU

11402001A

Description

This exceptional 1,021 square foot retail building is ideally situated in downtown Prescott, Arizona, at 402 E Sheldon Street. Boasting a prime location with excellent frontage and visibility, this property benefits from a signalized intersection providing access from three sides. Daily traffic counts exceed 36,000 vehicles, ensuring significant exposure for any business. The building features four 10-foot roll-up doors, one currently utilized as an office space. High ceilings at 12 feet provide ample vertical space. A security system is in place for added peace of mind. Ample on-site parking is available for customers and employees. The property sits on a 0.25-acre lot, offering potential for expansion to the existing structure, subject to city approval. This is a rare opportunity to acquire a well-located, functional commercial building in a thriving downtown area with high traffic volume. The asking price is $699,000. This property is perfect for a variety of retail uses and presents a strong investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $238,489

  6.5%

  $220,143

  7%

  $204,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $393,120

  Geo Method

  $393,120

• Alternative Use

  Use

  Valuation

  Residential

  $185,699

  Hospitality

  $170,099

  Educational

  $141,521

  Medical

  $146,388

  Retail

  $220,143

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5456

Longitude

-112.464

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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