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$1,800,000
0
Beds
0
Baths
0
Sqft
143 N Mccormick Street, Prescott, Arizona, 86301
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MLS# 1075959
Discover a unique office opportunity just off Downtown Prescott
$1,800,000
143 N Mccormick Street, Prescott, Arizona, 86301
0
Beds
0
Baths
0
Sqft
0.220
Acres
$1,800,000
143 N Mccormick Street, Prescott, Arizona, 86301
0 Beds
0 Baths
0 Sqft
0.220 Acres
Discover a unique office opportunity just off Downtown Prescott. This beautifully situated, 9-unit office condo building sits near Granite Creek, offering mature landscaping that provides welcome shade and a lush, inviting atmosphere. The property benefits from a highly walkable location and is home to a variety of professional and medical tenants.The are several ways to look at investing in this property. With 9 separate, individually metered condo units, this property can be fixed up and resold as owner-user units, or rents can be brought up to market rate, and the entire property can be sold on a cap rate. Reletting the spaces at a conservative $20 PSF annually NNN would give the building a net operating income of $198,620.00, which at a 7.0% Cap Rate is an income approach value of $2,837428.57. Fixing the individual condos and retail selling them for a gross sales price of $300PSF would give the entire complex a gross sales price of $2.98M. The property is outdated, needs some repair, renovation, and updating. Call for more details.
48 days
on BarrierFreeHome.com
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Accessibility Features
Accessible Approach with Ramp
Property Details
0 Beds
0 Baths
0 Sqft
Built 1986
0.220 Acres
No Patio
On Street
Natural Gas, Zoned, Electric (Heating)
Siding : Block/Brick
Asphalt Roof
$17,185 Property Tax
Yavapai County
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Location
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About Prescott
Ad Statistics
Ad Number
7042296
Viewed
13 times
Added
Dec 12, 2025
Updated on
Dec 12, 2025
Listing Information
Data Source
Prescott Area Association of Realtors®
Source Property ID
1075959
Disclaimer
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Compliance
Listing Agent: Matthew Fish, Arizona Commercial LLC, 480-309-1089, 928-515-1223, Listing Status: Pending
Copyright © 2025 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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