3581 Great Western DrPrescott Valley, AZ 86314

Property Details for 3581 Great Western Dr

Year built

1997

Construction

CONCRETE

Lot size

1.03 AC

Property size (Sq ft)

2,004 SF

Property type

Car washes

APN

103-09-022G

APU

10309022G

Description

This exceptional 4,691-square-foot flex space, situated on a 1-acre lot within the thriving Prescott Valley submarket, presents a unique investment opportunity. Built in 1997, this single-story industrial building boasts a versatile layout ideal for a variety of uses, particularly automotive-related businesses. The property features 2,004 square feet of enclosed space, complemented by 2,687 square feet of covered outdoor area, including three detail bays. The interior includes a lobby, office, bathroom, and storage. The building is equipped with significant power (800 Amps/240V), an air compressor, and a new motor and water system. A 110-foot tunnel is a key feature, along with LED lighting. Note that a propane tank is needed for full operation. The property's strategic location benefits from significant residential development nearby, including the construction of 110 apartments directly across the street and the Trilogy Residences, a 385-unit rental townhome community, just a short distance away. The C2-3 zoning provides flexibility for various business types. The expansive 46,354-square-foot lot offers ample space for expansion or future development. This property is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a well-located, functional industrial space in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $472,264

  6.5%

  $435,936

  7%

  $404,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $778,470

  Geo Method

  $778,470

• Alternative Use

  Use

  Valuation

  Residential

  $367,728

  Hospitality

  $336,837

  Educational

  $280,245

  Medical

  $289,883

  Retail

  $435,936

Location Insight

City

Prescott Valley

County

Yavapai

State

Arizona

Latitude

34.5809

Longitude

-112.362

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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