214 N Arizona Ave, Prescott, AZ 86301

Sqft
11,600

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Listed byCommercial Advisors of Prescott
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Overview

Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3,750,000 (~6.66% cap on post-renewal income).

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
11,600
Lot size (acres)
0.64
Year built
1992

Exterior features

Horse amenities
Stable

Utilities

Heating
Electric, Natural Gas, Heat Pump
Cooling
Heat Pump, Evaporative Cooling, Ceiling Fans

Taxes

Tax Annual Amount (2025)
$6,330

Public schools

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Sourced from: Prescott Area Association of Realtors MLS®#: 1079801 Last checked:

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