711 Whipple Street, Prescott, AZ 86301
sale
$1,750,000
|
Office
Courtesy Of Arizona Property Brokerage
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.
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Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 31-40 Years Old
- Amenities: Disabled Access
- Building Units: 5
- Cooling System: Central Air
- Floor Covering: Laminate
- Floor Covering: Carpet
- Floors: 2
- Heating System: Natural Gas
- Legal Description: DAMERON PARK ADDN IRREG PCL LYING ALONG SLY R/W WHIPPLE ST BETWN ELY R/W DIVISION ST & WLY R/W BIRD ST 2198/369
- MLSID: 1085356
- Parking Spaces: 26
- Roof Type: Asphalt
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