3250 Gateway Blvd $15,000,000

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    3250 Gateway Blvd Prescott, AZ 86302

    • 163,097 sq. ft.
    • 21.61 Acres
    • Commercial
    • MLS# 529097
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    Views: 185 Days On Site: 120

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    Property Details

    Prescott Gateway Mall is a modern, multifaceted regional shopping mall built in 2002, comprised of both an indoor traditional mall and an open-air outdoor lifestyle center. Indoors, under a magnificent exposed beam ceiling, are approximately 133,000 square feet and 67 suites, six of which serve an open and inviting food court. Outside, in the nicely landscaped open-air lifestyle center, 29 more suites occupy approximately 192,000 square feet. The property hosts national, regional and independent tenants including Bed Bath & Beyond, Michaels, Mattress Firm, Famous Footwear, Chico's, Bath & Body Works and Spencer's. Prescott Gateway Mall is an exciting value-addable opportunity for an investor looking to reposition the project. Some of the upsides include the potential of developing outparcels and/or selling the pads, building out the 21,000 square feet of gray shell space, increasing under market rents, rebranding the property and drawing alternative uses to the property. The possibilities are endless. This is the only shopping mall for nearly 100 miles offering both an enclosed traditional mall shopping experience as well as an outdoor lifestyle and Town Center component. Flush with variety and centrally located, the mall functions as a community hub for the Quad City Area Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt - and beyond. Demographically, the area continues to grow at a remarkable rate, fueled by a steady stream of new arrivals seeking refuge from the tax and regulation burdens of bigger cities and states. Prescott Gateway Mall is located in the area's prime retail hub at the intersection of State Route 69 and Prescott Lakes Parkway. It is surrounded by Class A retail, restaurant and service tenants including Costco, Walmart, Lowe's, Trader Joe's, Best Buy, Red Robin, Olive Garden, In-N-Out, and US Bank, as well as some of Prescott's most prestigious and established residential communities and a flourishing retirement community.

    • General Features
      • Year Built 2001
      • Road Maintenance City Maintained
      • Sub Type Commercial
      • Tax Parcel 103-20-600m
      • Tax Year 2021
      • Terms Available 1031 Exchange, Cash
      • Utilities Included 220, 3 Phase, Electricity, Individual Meter, Natural Gas, Telephone
      • Amount of Taxes 83360.00
      • Area 90 - Out of Area
      • City Town Code Prescott
      • County Yavapai
      • Subdivision Commercial Only
      • External Amenities Handicap Access, Landscape, Sprinkler/Drip
      • Listing Office Name Better Homes and Gardens Real Estate Bloomtree Realty
      • Management Management Company
      • On Site Water Treatment Conventional Septic
      • Pet Privileges No
      • Road Access City, Paved
      • Parking Spaces 20+ Cars
    • Building Features
      • Water Heater Natural Gas
      • Type Building 5 or More Units, Retail
      • Baths Interior, Separate M and W
      • Approx Sq Ft 163,097
      • Special Conditions N/A
      • Roof Materials Other (See Remarks)
      • Num of Floors 1.0
      • Cooling Refrigeration/Centrl
      • Construction Block, Brick
      • Commercial Amenities Ceiling Hght 16 +, Roll Up Doors, Truck/Dock Loading
      • Floors Carpet, Concrete, Tile
      • Internal Amenities Ceiling Fan, Fire Sprinklers, Security
      • Heating Forced - Electric
    • Property Features
      • Acres 21.61

    Contact

    Rosie Carroll

    REALTOR®

    BR583348000

    Prescott - Long Realty Uptown

    Direct: 928-925-7004

    Neighborhood

    86302 (Prescott) Demographics

    No community information is available for this zip code.

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $15,000,000
    3/1/2022 10:23:00 AM New in Database Source: Multiple Listing Service New Value: $15,000,000

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

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.