USAAZPrescottPrescott Original Township141 S Mccormick St

$4,500,000

141 S Mccormick St, Prescott, AZ

Name: 141 S Mccormick St, For Sale in Prescott - eXp Realty
Brand: Arizona Commercial
SKU: 1075827
Price: 4500000 CAD

Real Estate

For Sale

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0572

Key Facts
Description
Map

Key Facts

Type Office

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $46,954

Days Active 0

Approx. Age 1990

MLS® Number 1075827

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

This Downtown Prescott investment is a prime opportunity for investors seeking steady cash flow and a diverse tenant mix while being 100% occupied. Located just two blocks from the iconic Courthouse Square, this property sits in a highly walkable, demand-driven downtown business district that attracts residents and visitors year-round. The property is comprised of 42 units, covered private parking, a restaurant building, spread across five parcels and two well-maintained buildings, with 72 grade level parking spaces that enhances desirability for tenants and reduces turnover. Historically low vacancy rates demonstrate the property's resilience and enduring appeal. One of Prescott's most popular dining destinations enhances the site, drawing consistent foot traffic and contributing to a robust tenant mix. The multi-tenant office component already houses a range of professional services 'legal, financial, medical, development services and other professional businesses' ensuring diversified income streams and reduced risk. From an investment perspective, the property offers multiple upside opportunities including rental rate optimization, rightsizing expenses, opportunities for redevelopment or reconfiguration to maximize unit counts, and potential for capital improvements that enhance property value, commanding higher rents, and tenant appeal. The downtown location ensures strong market demand (growing population, thriving tourism, and a burgeoning local economy, all of which bode well for continued demand and rent growth). This listing presents a compelling chance to acquire a well-positioned, income-generating asset in a premium Prescott location. Whether you're seeking stable annual returns, long-term appreciation, or a strategic foothold in a high-demand market, this investment property delivers cash flow, tenant diversity, and future upside.Show Description

MLS® Number1075827

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

ExteriorHandicap Access

GarageNo

Approx. Age1990

Stories3

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatElectric, Heat Pump, Natural Gas, Zoned

A/CCentral Air

Heating Fuel

Extras

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