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Key Details
Sold Price $1,100,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Prescott
MLS Listing ID 6625871
Sold Date 10/21/24
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $3,922
Tax Year 2023
Lot Size 0.269 Acres
Acres 0.29
Lot Dimensions 125x25x125x25
Property Description
In the heart of historic downtown Prescott, an exceptional commercial parcel of land awaits your vision. This prime offering boasts a .29 acre corner parcel superbly situated right on the Courthouse plaza, making it a coveted gem in the local real estate market. Zoned ''Downtown Business'' (DTB), this property provides a unique opportunity for entrepreneurs and investors to tap into the rich potential of this vibrant district. DTB zoning offers an array of lucrative possibilities for prospective buyers. This zoning classification is specifically tailored to encourage dynamic commercial and mixed-use development. Seller would consider a ground lease as well as a sale. Whether you envision a boutique retail store, a trendy cafe, a boutique hotel, or a combination of these, the DTB zoning allows for diverse enterprises that can cater to the varied needs of the bustling downtown community. The flexibility offered under DTB zoning permits ground-floor retail with residential or office spaces above, fostering a dynamic blend of commerce and community right at your doorstep all with very minimal parking requirements.
The location's magnetic charm is further amplified by its high pedestrian count and traffic count. The Courthouse plaza, steeped in history and charm, is a focal point of Prescott, drawing a steady stream of residents and tourists alike. Foot traffic is substantial, ensuring that your business will enjoy a constant flow of potential customers, while vehicular traffic passing through this area adds to the visibility and accessibility of the property.
Not only does this parcel provide a prime opportunity for commercial success, but it's also surrounded by the rich cultural and recreational offerings of Prescott. Museums, art galleries, live music venues, and a vibrant dining scene make this district a hub of activity. The lively atmosphere and vibrant community of downtown Prescott create a unique and inviting backdrop for any business venture.
The .29-acre lot provides ample space for creativity and expansion, allowing you to design your dream establishment. With the Courthouse Plaza as your front yard, you can host events, showcase products, or create an inviting outdoor space for patrons, all while being immersed in the picturesque beauty of Prescott.
Don't miss your chance to secure this remarkable commercial parcel on the Courthouse plaza, and make your mark in the heart of Prescott's downtown. Whether you're an ambitious entrepreneur or a savvy investor, this property offers an unmissable opportunity to thrive in an exceptional location, benefit from DTB zoning, and become an integral part of the vibrant downtown community. Seize this chance to be a part of the charm and history that defines Prescott's downtown landscape. Act now and turn your vision into a reality!"
Location
State AZ
County Yavapai
Community Prescott
Zoning DTB
Direction Southeast corner of Montezuma Street and West Goodwin Street
Exterior
Fence Wood
Topography Level
Building
Lot Description Corner Lot, Historic District
Sewer Sewer - Available
Water None
New Construction No
Schools
Elementary Schools Out Of Maricopa Cnty
Middle Schools Out Of Maricopa Cnty
High Schools Out Of Maricopa Cnty
School District Prescott Unified District
Others
Senior Community No
Tax ID 109-02-072
Acceptable Financing Conventional, Lease Option
Listing Terms Conventional, Lease Option
Financing Cash
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