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$2,375,000
13 Baths 1081539 MLS ACTIVE Status 14,810 Sqft. Lot
Discover a standout investment opportunity in the heart of downtown Prescott! This beautifully remodeled commercial property blends modern style with practical functionality, making it an ideal addition to any investor's portfolio. With full occupancy already in place, it offers immediate income and a truly low-maintenance ownership experience. Turnkey Excellence: From the moment you step inside, you'll appreciate the thoughtfuliscover a standout investment opportunity in the heart of downtown Prescott! This beautifully remodeled commercial property blends modern style with practical functionality, making it an ideal addition to any investor's portfolio. With full occupancy already in place, it offers immediate income and a truly low-maintenance ownership experience. Turnkey Excellence: From the moment you step inside, you'll appreciate the thoughtful upgrades and attention to detail throughout. The property features brand-new appliances, updated fixtures, and a fresh, contemporary design that appeals to today's tenants and business owners. Every element has been carefully curated to deliver a polished, move-in-ready space--ensuring a smooth and effortless transition for continued success. upgrades and attention to detail throughout. The property features brand-new appliances, updated fixtures, and a fresh, contemporary design that appeals to today's tenants and business owners. Every element has been carefully curated to deliver a polished, move-in-ready space--ensuring a smooth and effortless transition for continued success.Turnkey Condition: Step into a property that is not only beautifully remodeled but also fully equipped with brand new appliances and fixtures. Every detail has been expertly crafted to ensure a seamless transition for tenants or business owners.

409 S Montezuma Street, Prescott

$1,550,000
1079872 MLS ACTIVE Status 25,700 Sqft. Lot
Exceptional investment opportunity in the heart of downtown Prescott! The historic Cascade Motel, originally built in 1946, has undergone a comprehensive interior and exterior renovation in 2024/2025 and is now in excellent, turnkey condition. This 11-unit lodging property consists of three separate, adjacent buildings totaling approximately 3,733 SF, situated on +/-0.36 acres with BG (Business General) zoning. The unit mix includes ten fully renovated studio guest rooms and one 1-bedroom suite currently utilized as an on-site manager's office/residence. All units offer Wi-Fi, cable, and utilities included. Recent interior upgrades include new doors and windows, mini-split HVAC systems, digital door locks, vinyl plank flooring, updated cabinetry and countertops, new sinks and showers, modern lighting, and fresh paint throughout. Exterior improvements feature a new parking lot and concrete walkways, updated landscaping, outdoor patio space, enhanced exterior lighting, security camera system, six new water heaters, and new fencing. Additional amenities include a shared kitchen area, storage room, and a newly constructed laundry facility with four coin-operated washers and dryers, folding table, coin change machine, and laundry accessory vending machine. The property provides 11 on-site parking spaces plus additional parking at the southeast corner of the parcel. Flexible BG zoning allows for multiple operational options, including apartment rentals, daily/weekly/monthly lodging, group home, or other specialty multi-family uses (buyer to verify). A rare owner-operator or investment opportunity in a prime downtown location. Currently operated as mid-term rental (weekly to monthly) with solid occupancy. The CAP rate of 7.85% includes a 5% vacancy factor and 5% repair/reserve factor. Management in place that can transfer to new owner.

805 White Spar Road, Prescott