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Realty ONE Group Mountain Desert
711 Whipple Street, Prescott, AZ 86301
- $1,750,000
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- 1085356
- City
- Prescott
- Lot Size
- 27,007
- Subdivision
- Dameron Park Add
- Year Built
- 1986
- Type
- Office
Property Description
711 Whipple Street presents a compelling multi-tenant investment opportunity or owner user property in Prescott, offered at $1,750,000. The property features five individual units, providing flexibility for investors, owner-users, or future repositioning. Recent capital improvements include a new roof completed in 2025 and new HVAC in 2024, reducing near-term capital needs. Four of the five existing leases expire at the end of the year, creating an opportunity for a buyer to renew tenants, adjust lease terms and rental rates, reposition the tenant mix, or occupy a portion of the property. Pro forma financials project an NOI of $127,200 at $25.00 per square foot NNN, representing a 7.26% capitalization rate at the asking price. Ideally located along the established Whipple Street commercial corridor with convenient access to neighboring Dignity Health and surrounding businesses, medical offices, and residential neighborhoods.
Additional Information
- Acres
- 0.62
- Construction
- Other
- Cooling
- Central Air
- Exterior Features
- Handicap Access
- Flooring
- Carpet, Laminate
- Heating
- Natural Gas
- Lot Size
- 27,007
- Parking Features
- Paved, On Site, On Street
- Lot Features
- Landscaped
- Stories
- 2
- Subdivision
- Dameron Park Add
- Taxes
- $6,866
- Tax Year
- 2025
- Utilities
- Electricity Available, Phone Available, WWT - City Sewer, Underground Utilities, Natural Gas Available, Master Meters
- Water
- Public
- Zoning
- MF-H
Courtesy of Arizona Commercial.