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Prescott, Arizona’s downtown core is heating up and the opportunities are diminishing. In-fill lots are becoming scarce, and pricey.
Seven Lots: Ready
Located just a few blocks north of Prescott’s famous Whiskey Row and the Downtown Courthouse Square are seven contiguous lots, ready for development.
At the bend in the road where Montezuma Street becomes Whipple Street and at the 4-way controlled intersection of Merritt Avenue, you will find one acre of ready to develop prime real estate.
The property is positioned on one of Prescott’s most traveled corridors, Montezuma Street. It’s the artery most traveled by residents in the north-to-south movements… and, their east to west movements. It’s the primary route to Yavapai Regional Medical Center, Super Walmart, Safeway and Williamson Valley Road.
But let’s get back to Prescott’s trade core. Although the 10-mile market radius services about 125,000 people, the bulk of the traffic density is jammed into about 3 square miles. Peak traffic can hit 40,000 vehicles per day, depending on the time of year and the events that make Prescott a destination city.
These parcels are contiguous, flat and zoned “Neighborhood Oriented Business” by the City of Prescott.
Of course, the visibility and the traffic make the property ideal for retail, medical, office, restaurant and even drive through.
The Owner has indicated a willingness to explore creative acquisition models.
Join ventures, limited partnerships, seller financing, and even partial take-down with option conversions over time.
Extended financing, subject to terms and conditions could make this property perfect for your business, investment strategy or long term hold.
With an MSA of more than 20 miles and a population and trade area population of 212,000 people, the Subject Property is capable of servicing a substantial slice of the population. This is a long-term asset, perfect for the serious investor seeking location, cash flow, and appreciation.
The trade area includes major employers such as Yavapai Regional Medical Center, Embry-Riddle Aeronautical University, Yavapai County, City of Prescott, Sturm Ruger, Yavapai College and the regional ACE Hardware enterprise.
The economic strength of Prescott continues to be higher than Arizona’s average with an influx of individuals, families, and businesses, creating a robust and growing market.
CALL ME: (928) 777-8100