Property is located at 319 N. Lee Boulevard, in a very desirable retail trade area in Prescott, Arizona. The location of this facility is remarkable with excellent visibility on SR-69 and located in the most desirable retail trade area of Prescott. The open design of the showroom lends to multiple uses with plenty of clear height, parking and excellent signage.
Property consists of ±21,421 square feet on approximately 1.56 acres. The showroom is ±11,445 square feet, the office is ±1,854 square feet, and the warehouse is ±8,125 square feet (leased). Owner will divide.
Sale price reduced to $1,695,000. Lease rate is $7.50 PSF, NNN.
The facility was originally built in 1998 as an appliance showroom and service center. The rear warehouse section is leased to Factory Motor Parts as a distribution center on a five-year lease, with 13,299 square feet available in the front showroom area. This is a unique value-add opportunity for an investor or an excellent user opportunity to locate in the major corridor of the Prescott retail market.
The site is part of The Ranch at Prescott, with 950 homes. The planned community on 1,000 acres is just a couple miles east of downtown Prescott. The site is at the entrance of Touchmark at The Ranch, a new upscale retirement development situated on approximately 45 acres, consisting of single family homes, condominiums and apartments.
Warehouse leased to Factory Motor Parts
Masonry-steel construction, built in 1998
HVAC showroom and office, evaporative-cooled warehouse/furnace heaters
Fully sprinklered: annual certification
Flexible space plan
Excellent visibility: 44,000 VPD
Adjacent to the new 45-acre Touchmark at The Ranch Senior Care facility -
Directly across from Prescott Gateway Mall
Neighbors include Discount Tire, Chase Bankand Trader Joe's
Real Estate Taxes 2016: $20,203
