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Northern Arizona's Commercial Property Experts

Prime Development Lots

Project Description

DOWNTOWN PRESCOTT

This rare opportunity affords a developer a downtown location in Prescott, Arizona on one of the most traveled arteries in the trade area.

The Property

This property is comprised of seven (7) contiguous parcels totaling one acre. Located at the traffic controlled intersection of Montezuma and Merritt Streets, the property is perfect for retail, medical, drive through, restaurant and office.

The property can be developed into a small retail or office strip center or multi-building income producing investment.

An extremely high percentage of local residents travel the Montezuma Street corridor daily and the property is just minutes from Prescott’s famous Whiskey Row and the Courthouse Square.

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The Market

Prescott is one of Arizona’s most sought after locations in the State and specialized retail, medical and business establishments are making the community their choice for business.

The community’s downtown square is home to dozens of local events throughout the year. Hundreds of thousands of tourists and local residents find their way to Whiskey Row and the courthouse square. The Prescott, Arizona downtown square is home to countless parades, art fairs, rodeos, holiday and sporting events are all centralized at the Prescott courthouse square.

Finding buildable property within the core market is difficult as in-fill lots are being absorbed at a quickening pace.

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Terms and Conditions for Aquisition

The Owner of the property has indicated a willingness to consider creative acquisition models, such as:

  • Seller Carry Back Financing
  • Short Term Joint Ventures
  • Beneficial Partnership Structures
  • Cash Out, Cash to New Loan
  • Option Sale with Structured Take Out

Of course, the objective of the Owner is to sell the property at a negotiated market value.

If you are considering building long-term value through ownership of prime commercial real estate in Prescott, Arizona, this is an opportunity for your new business location, coupled with additional investment income potential.

FOR MORE INFORMATION EMAIL DONALD TEEL.

Call Donald Teel for additional information: (928) 777-8100


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DOWNLOAD THE PROPERTY BROCHURE

Project Details

  • Date March 22, 2017
  • Tags Land

JT Purvis – Broker & Principal

jt-75-75-framed.fwJT Purvis has an extensive 40-year career in real estate. He has owned sucessful real estate companies in the Prescott market area for decades.

His extensive commercial real estate career includes development, investments, leasing, and property management of all property types including land, industrial, retail, medical, and office.

PHONE: (928) 533-1344
EMAIL: JT@CP-NA.COM

Donald Teel – Principal Partner

dst-75-75-framed.fwDonald Teel began his real estate career with the Del Web Corporation. He has owned residential and commercial brokerage firms for more than 30 years.

His commercial experience includes development, retail investments, leasing, and property management. He has been fortunate to be involved in some of the area's significant retail acquisitions and divestitures.

PHONE: (928) 777-8100
EMAIL: DT@CP-NA.COM

Anne Keenan – Associate

dst-75-75-framed.fwAnne Keenan has more than 27 years of experience in real estate.

After a successful career RE career in Vermont, where she was an award-winning agent specializing in creative transactions and financing, Anne relocated to Prescott, Arizona in 2007 and join CPNA in 2020 where her focus is on general commercial investment and income properties of all types.

PHONE: (928) 830-0004
EMAIL: AK@CP-NA.com

Our Business Scope

cpna-star-75-50.fwCPNA is a full service commercial real estate company specializing in investment strategies (selling and buying), leasing and tenant representation, property management, and development.

Our team can assist you with your investment and financial performance objectives, including first-time investments, large transactions, and exchanges.

Please click here to contact us or, if you prefer, call our office at (928) 445-7000.

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