3600 Ranch Dr 11,687 SF Retail Building Prescott, AZ 86303 $2,100,000 ($179.69/SF) 10.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Hwy 69 frontage, minutes away from 5 major shopping malls and downtown Prescott.
- Plans available for medical buildout.
- Open floorplan, was used as a gym since new in 2000. Mezzanine can be used for office space
EXECUTIVE SUMMARY
High traffic location! Currently configured for 47 parking spaces but can be redesigned for 62. Was formerly used as gym. Open floor plan makes it easier for renovation to possible medical? Has mezzanine that can be easily converted into office space. Medical buildout plans available upon request.
Also available for lease
Close to 5 major shopping malls that include Dillards, JC Penny, TJ Max, Sprouts, plus Costco, Walmart, Trader Joe’s, Home Depot.
Prescott’s 5,100’ elevation consistently draws people from Phoenix to escape the 100 degree heat and in the winter time Prescott is Arizona’s Christmas city.
Low unemployment rate and solid job growth continue to be the draw to the Prescott area and puts it in the top 5 places for businesses according to MONEY MAGAZINE.
Also available for lease
Close to 5 major shopping malls that include Dillards, JC Penny, TJ Max, Sprouts, plus Costco, Walmart, Trader Joe’s, Home Depot.
Prescott’s 5,100’ elevation consistently draws people from Phoenix to escape the 100 degree heat and in the winter time Prescott is Arizona’s Christmas city.
Low unemployment rate and solid job growth continue to be the draw to the Prescott area and puts it in the top 5 places for businesses according to MONEY MAGAZINE.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,687 SF
Building Class
B
Year Built
2000
Price
$2,100,000
Price Per SF
$179.69
Cap Rate
10.31%
NOI
$216,510
Tenancy
Single
Building Height
2 Stories
Building FAR
0.25
Lot Size
1.08 AC
Zoning
BG - Business Regional
Parking
53 Spaces (4.53 Spaces per 1,000 SF Leased)
Frontage
224’ on Ranch Drive
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 103-49-003 | Total Assessment | $2,259,956 |
| Land Assessment | $427,399 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,832,557 | Tax Year | 2024 |
CONTACT
-
Dan Frederiksen - Arizona Commercial