129 N Cortez Street $3,300,000

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    129 N Cortez Street Prescott, AZ 86301

    Closed
    SOLD 11/25/2019

    $3,300,000

    • 0.42 Acres
    • Commercial
    • MLS# 1015197
    Favorite Share
    Views: 149 Days On Market: 90

    Property Details

    The Downtown Prescott Inn is a 56-room independent, limited service hotel. The property also includes a 3,000 sf commercial space currently operating as a full-service restaurant & bar that accommodates 125 seats. The entire property is being offered For Sale @ $3,495,000 (or $55,000/unit & $415,000 for the commercial restaurant lease offered at a 10 CAP). The property spans 3 floors totaling approx. 25,597 sf (sf to be confirmed by Buyer) and is elevator served. The main level consists of a large lobby/reception area, managers office, storage & mechanical rooms and Papa's Italian Restaurant. All 56 units are located on the second and third floors with 31 units having their own private bathroom and 25 units that share a total of 6 common bathrooms (3 bathrooms per floor) Click More Tab...

    • General Features
      • Zip Code 86301
      • UnBranded Virtual Tour http://www.tourfactory.com/idxr2057416
      • Vac Rate Pct 100.00
      • Year Built 1974
      • Agent Days On Market 352
      • Agent ID 20130713151434575609000000
      • Business Location Freestanding Bldg, Inside Location
      • Cap % 0.00
      • Cam Amt 0.00
      • Cc & R Fees 12224.00
      • City/Township Prescott
      • Comm Type Hotel/Motel
      • County Yavapai
      • Direction N
      • Directions From the Courthouse Square, head north on Cortez St. Property is mid-block on the right. Lobby entrance is adjacent to Papa's Italian Restaurant.
      • Display on Public Websites Y
      • Entry Timestamp 9/5/2018 12:43:50 AM
      • Geo Lat 34.542908
      • Geo Lon -112.468563
      • Financing Conventional
      • Grm 0
      • Internal Listing ID 20180824202934710303000000
      • Legal CITY OF PRESCOTT THE S 32.83' OF LOT 10 & THE N 14.31' OF LOT 12 BLK 9
      • List Number Main 1015197
      • List Number Prefix 00
      • List Price SqFt 137.00
      • Listing ID 1015197
      • Listing Price 3495000.00
      • ListingMemberAddress 102 W Gurley St #102, Prescott, AZ 86301
      • ListingMemberEmail raymond@prescottcommercial.com
      • ListingMemberFax (928) 443-9566
      • ListingMemberName Raymond G. Zogob
      • ListingMemberPhone (928) 443-0766
      • ListingMemberShortId 4993
      • ListingOfficeAddress 102 W Gurley St #102, Prescott, AZ 86301
      • ListingOfficeEmail broker@bloomtreerealty.com
      • ListingOfficeFax (928) 443-8822
      • ListingOfficeName Better Homes And Gardens Real Estate Bloomtree Realty
      • ListingOfficePhone (928) 443-8800
      • ListingOfficeShortId 5358.000
      • MLS Approved Y
      • MLS Identifier 20130515013222870030000000
      • Num Units 56
      • Noi Amt 0.00
      • Office ID 20130713020151498357000000
      • Original List Price 3495000.00
      • Picture Count 38
      • Picture Timestamp 9/6/2018 5:14:33 PM
      • Property Group ID 19990816212135227274000000
      • Property Type C
      • Possession At Recordation
      • Records Available Site Plan
      • Remarks The Downtown Prescott Inn is a 56-room independent, limited service hotel. The property also includes a 3,000 sf commercial space currently operating as a full-service restaurant & bar that accommodates 125 seats. The entire property is being offered For Sale @ $3,495,000 (or $55,000/unit & $415,000 for the commercial restaurant lease offered at a 10 CAP). The property spans 3 floors totaling approx. 25,597 sf (sf to be confirmed by Buyer) and is elevator served. The main level consists of a lar
      • Reo/Short Sale Not Applicable
      • St Suffix Street
      • State AZ
      • Status Closed
      • Street Name Cortez
      • Street Num 129
      • Tax Parcel 113-16-056A & 056C
      • Tax Year 2017
      • Taxes $15,265
      • Timestamp 11/25/2019 8:58:46 PM
      • Sold Date 2019-11-25
    • Building Features
      • Buildings 1
      • Aprx Sq Ft Building 25597.00
      • Cooling Ceiling Fan(s), Gas Pack
      • Heating Electric, Gas
      • Bathrooms Other - See Remarks, ADA, Shared
      • Building Type Other - See Remarks, 5+ Units, Motel/Hotel
      • Construction Stucco, Frame - Wood
      • Flooring Carpet, Vinyl
      • Floor 3.00
      • Internal Amenities Sprinklers, Ceiling Fan(s), Elevator(s)
      • Stories 3
    • Property Features
      • Approximate Acres 0.42
      • Lot Size 6970
      • Source of Measuremnt Owner
      • Utilities Installed Master Meter, Natural Gas, Telephone, Water - City, Electricity, WWT - City Sewer
      • External Amenities Handicap Access, Paved Parking
      • Zoning DTB
      • Commercial Amenities Ceiling Ht. Under 12, Ceiling Ht. 12-15
      • Parking On-Site
      • Parking Spaces 10
      • Road Access/Maint City, Paved, Maint-City

    Neighborhood

    86301 (Prescott) Demographics

    53 Median Age
    715 Population Density (per sq. mile)
    47% College Educated
    $48,130 Estimated Median Income
    6,239 Estimated Total Home Owners
    3,624 Estimated Total Renters
    63% / 37% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    22,109 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $379,000 Median Sales Price
    51 Homes Sold
    81 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        11/25/2019 12:00:00 AM Sold Source New Value: $3,300,000
        11/22/2019 10:57:21 AM Status Changed Source New Value: Pending - Take Backup
        9/7/2019 1:18:19 AM Status Changed Source New Value: Pending - Take Backup
        9/7/2019 1:18:19 AM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 10:33:03 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 10:18:02 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 10:02:59 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 9:48:03 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 9:33:02 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 9:18:06 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 9:03:01 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 8:47:57 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 8:33:00 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 8:18:00 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 8:02:57 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 7:48:02 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 7:32:59 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 7:18:17 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 7:03:01 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 6:48:06 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 6:33:02 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 6:18:03 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 6:03:05 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 5:48:03 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 5:33:03 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 5:17:58 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 5:03:03 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 4:48:07 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 4:32:59 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 4:18:04 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 4:02:58 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 3:48:15 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 3:33:02 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 3:18:02 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 3:03:02 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 2:48:07 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 2:33:00 PM Status Changed Source New Value: Pending - Take Backup
        9/6/2019 2:18:17 PM Status Changed Source New Value: Pending - Take Backup

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