This rare opportunity affords a developer a downtown location in Prescott, Arizona on one of the most traveled arteries in the trade area.
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.
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.
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
- Date March 22, 2017
- Tags Land