129 N Cortez Street # 8 Prescott, AZ
$ 3,495,000
Property Attributes
  • MLS#1015198
  • TypeMulti-Family
  • CountyYAVAPAI
  • CityPrescott
  • Zip86301
  • Style
  • Year Built1901
  • Taxes15265
  • Price$ 3,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage25597
  • Lot Size0.42 Acres
Listing Provided Courtesy Of:
Better Homes And Gardens Real Estate Bloomtree Realty
Property Description

The Downtown Prescott Inn is a 56-room independent, limited service hotel. The property also includes a 3,000 sf, commercial space currently operating as a full-service restaurant & bar that accommodates 125 seats. The entire property is being offered For Sale @ $3,495,000 (or $55,000/unit & $415,000 for the commercial restaurant lease offered at a 10 CAP). The property spans 3 floors totaling approx. 25,597 sf (sf to be confirmed by Buyer) and is elevator served. The main level consists of a large lobby/reception area, managers office, storage & mechanical rooms and Papa's Italian Restaurant. All 56 units are located on the second and third floors with 31 units having their own private bathroom and 25 units that share a total of 6 common bathrooms (3 bathrooms per floor) Click MORE Tab..

Price History
9/5/2018 Listed $3,495,000

General Features

Building Type Other - See Remarks, 5+ Units
Construction Block, Brick, Frame - Wood
Listing Status Active
Number of Units 56
Property Type D
Reo/short Sale Not Applicable
Stories 3.0
Tax Year 2017
Taxes 15265.00
Virtual Tour http://www.tourfactory.com/idxr2057416
Year Built 1901
Zoning DTB

Interior Features

Cooling Evaporative, Ceiling Fan(s), Gas Pack
Flooring Carpet, Vinyl
Heating Baseboard/Cove, Gas Pack
Utilities Installed Water - City, Electricity, WWT - City Sewer, Cable TV, Master Meter, Natural Gas, Telephone
Water Heater Natural Gas

Exterior Features

Aprx Acres 0.42
External Amenities Handicap Access, Sprinkler/Drip, Other - See Remarks, Patio/Deck/Balcony, Laundry Facilities
Lot Size 11326
Road Access/Maintenance Maint-City, Access-City, Access-Paved
Roof Rolled/Hot Mop


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 86301

AVG $1.41M
AVG $5,100
AVG 127
Year Built
AVG 1960
AVG 66
Data Provided by Walkscore ® not using MLS data

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