3250 Gateway Blvd. Village Shops B $6,100,000

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    3250 Gateway Blvd. Village Shops B Prescott, AZ 86303

    • Commercial
    MLS# 1018908 | Active
    Days On Market: 199 2 Views
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    Property Details

    The Largest outbuilding at the Prescott Gateway Malls Regional shopping center is Village Shops B. The 71,549 sq. ft. multi-tenant center has eight leasable suites currently occupied by Bed Bath & Beyond, Michaels, Mattress Firm, Micro AZ, Goods from the Garden and Compassion Transportation. The property is currently offered at a little over $85 dollars per square foot which is way under replacement cost. Lots of upside with over 10,000 sq. ft. of vacant space to Lease and current rents providing an 8% CAP RATE. Gateway Blvd and SR 69 is the busiest intersection on SR 69 with 46,678 vehicles per day.

    • General Features
      • Zip Code 86303
      • Vac Rate Pct 17.09
      • Year Built 2001
      • Agent Days On Market 145
      • Agent ID 20170605180347218589000000
      • Assessor Parcel Ltr K
      • Assessors Book # 103
      • Assessors Map # 20
      • Assessors Parcel # 600
      • Business Location Freestanding Bldg, Commercial Strip
      • Cap % 8.00
      • Cam Amt 0.00
      • City/Township Prescott
      • Comm Type Shopping Center
      • County Yavapai
      • Construction Status Existing
      • Directions Heading west on State Route 69, turn south on Gateway Blvd. Follow up the hill to the mall entrance.
      • Display on Public Websites Y
      • Entry Timestamp 3/5/2019 12:33:26 AM
      • Date Available 2019-03-05
      • Geo Lat 34.548884
      • Geo Lon -112.408521
      • Grm 11.31
      • Gross Vol Yr Amt 539558.40
      • Internal Listing ID 20190205223731022921000000
      • Legal Provided in Escrow
      • List Number Main 1018908
      • List Number Prefix 00
      • List Price SqFt 85.00
      • Listing ID 1018908
      • Listing Price 6100000.00
      • ListingMemberAddress 8098 E Valley Rd, Suite 1, Prescott Valley, AZ 86314
      • ListingMemberEmail mattfish@sumnercre.com
      • ListingMemberName Matthew Fish
      • ListingMemberPhone (480) 309-1089
      • ListingMemberShortId 8564
      • ListingMemberUrl http://www.sumnercre.com
      • ListingOfficeAddress 8098 E Valley Rd, Suite 1, Prescott Valley, AZ 86314
      • ListingOfficeEmail angie@sumnercre.com
      • ListingOfficeName Sumner Commercial Real Estate
      • ListingOfficePhone (928) 775-4227
      • ListingOfficeShortId 5593.000
      • Management Manager
      • MLS Approved Y
      • MLS Identifier 20130515013222870030000000
      • Num Units 9
      • Noi Amt 488000.00
      • Office ID 20160701212536854464000000
      • Original List Price 6100000.00
      • Picture Count 20
      • Picture Timestamp 8/20/2019 11:24:25 AM
      • Property Group ID 19990816212135227274000000
      • Property Type C
      • Records Available Elect/HVAC Plan,Engr. Reports,Site Plan,Survey
      • Property Use Investment Prop
      • Remarks The Largest outbuilding at the Prescott Gateway Malls Regional shopping center is Village Shops B. The 71,549 sq. ft. multi-tenant center has eight leasable suites currently occupied by Bed Bath & Beyond, Michaels, Mattress Firm, Micro AZ, Goods from the Garden and Compassion Transportation. The property is currently offered at a little over $85 dollars per square foot which is way under replacement cost. Lots of upside with over 10,000 sq. ft. of vacant space to Lease and current rents providin
      • Reo/Short Sale Not Applicable
      • State AZ
      • Status Active
      • Street Name Gateway Blvd. Village Shops B
      • Street Num 3250
      • Tax Parcel 103-20-600K
      • Space Available Yes
      • Tax Year 2019
      • Taxes $17,620
      • Timestamp 8/20/2019 11:24:25 AM
    • Building Features
      • Buildings 1
      • Aprx Sq Ft Building 71549.00
      • Cooling Ceiling Fan(s)
      • Heating Heat Pump, Natural Gas
      • Bathrooms 12.00
      • Bathrooms ADA, Separate M and W, Staff
      • Building Type 5+ Units
      • Construction Stucco, Frame - Steel
      • Flooring Carpet, Concrete, Laminate, Tile, Vinyl
      • Internal Amenities Sprinklers, Fire/Smoke Detector, Security/Alarm, Ceiling Fan(s)
      • Roof Metal, Welded Membrane
      • Stories 1
    • Property Features
      • Lot Size Provided in Escrow
      • Source of Measuremnt County Assessor
      • Utilities Installed Individual Meter, Master Meter, Natural Gas, Telephone, Underground, Water - City, 220, Electricity, WWT - City Sewer, Fire Hydrant, Security System
      • External Amenities Handicap Access, Landscaped, Paved Parking
      • Traffic Count Per Day 46678
      • Zoning BR
      • Commercial Amenities Ceiling Ht. 12-15, Truck/Loading Dock
      • Parking On-Site, Trailer, Truck
      • Parking Spaces 300
      • Road Access/Maint Paved, Maint-Private

    Contact

    Benjamin Filer

    Associate Broker, CCSS

    Scottsdale Office

    Mobile Phone: 928-710-1832

    Neighborhood

    86303 (Prescott) Demographics

    57Median Age
    130Population Density (per sq. mile)
    50%College Educated
    $49,261 Estimated Median Income
    5,898Estimated Total Home Owners
    2,445Estimated Total Renters
    71% / 29%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    17,325Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $382,500 Median Sales Price
    10 Homes Sold
    75 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $6,100,000
        3/5/2019 3:33:00 AM New in Database Source

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        Information is provided in part by the IDX program of the Prescott Association of REALTORS® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.