431 S Cortez Street, Prescott, AZ 86303
- $275,000
- 2
- BD
- 1
- BA
- 827
- SqFt
- List Price
- $275,000
- Price Change
- ▼ $10,000 1785054039
- Year Built
- 1932
- Acres
- 0.18
- MLS#
- 1081638
- Subdivision
- Prescott Original Township
- Bedrooms
- 2
- Living Area
- 827
- Lot Size
- 7,841
Property Description
Prime redevelopment opportunity for investors and builders. This single-family property sits on a generously sized lot already zoned for high-density multi-family use, offering significant upside potential. The existing structure is a teardown, making way for a new construction project that can fully capitalize on the favorable zoning and downtown Prescott location. Located in a growing area with strong short and long-term rental demand, this site is ideal for redevelopment. Utilities are in place, and the lot offers convenient front and rear access, providing easy entry in case of multiple unit development, as well as streamlining the building process. Whether you're looking to add doors to your portfolio or develop and sell, this is a rare chance to secure land downtown Prescott, only two blocks from the Courthouse Plaza and Whiskey Row. Opportunities like this are becoming increasingly scarce; bring your vision and maximize the potential.
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Additional Information
- Style
- Other
- Appliances
- See Remarks
- Construction
- Frame
- Cooling
- None, Other
- Exterior Features
- See Remarks
- Flooring
- See Remarks
- Heating
- Forced - Gas, See Remarks
- Interior Features
- See Remarks
- Other Rooms
- None, Other - See Remarks
- Pets Animals
- Domestics
- Possession
- At Recordation
- REO/Short Sale
- Not Applicable
- Roof
- Composition, Other
- Stories
- 1
- Taxes
- $535
- Tax Year
- 2025
- Topo Location
- Other - See Remarks
- Water Heater
- Natural Gas
- Zoning
- MF-H
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Listing courtesy of HomeSmart Fine Homes and Land.