Commercial Land for Sale in Prescott, Arizona
420 Miller Valley Rd, Prescott, AZ 86301
Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The +/-13,200 SF building sits on +/-1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.
Location
- Street address
- 420 Miller Valley Rd
- County
- Yavapai County
- Elevation
- 5,352 feet
Directions
Located along Miller Valley Road with convenient near to downtown Prescott, this location offers a nearby light industrial and automotive uses, surrounded by retail user along the developing Miller Valley corridor.
Property details
- Acreage
- 1.6 acres
- Zoning
- IL / MF-H
- MLS #
- PAAR 1078229
- Posted
Property taxes
- 2025
- $2,437 - MURPHY'S FIFTH SUB BLOCK 6 REPLAT LOTS 1-6 & PORTION OF LOT 7 PER MAP 2022-0017967. LOT 1R
Legal description
MURPHY'S FIFTH SUB BLOCK 6 REPLAT LOTS 1-6 & PORTION OF LOT 7 PER MAP 2022-0017967. LOT 1R
Details and features
Listing
- Type
- Commercial Sale
Lot
- Features
- Landscaped, Sprinklers in Front
Exterior
- Parking Spaces
- 74
- Parking
- On Street
- Fencing
- Fenced
- Structures
- Storage
- Features
- Fence, Handicap Access
Structure
- Stories
- 2
- Water
- Public
- Heating
- Natural Gas
- Cooling
- Central Air, Ductless, Evaporative Cooling
- Materials
- Steel Frame
- Roof
- Metal
Interior
- Flooring
- Concrete
- Security
- Security, Security Lighting
- Accessibility
- Accessible Approach With Ramp
- Features
- Mezzanine, Security/Alarm
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Gas | Natural Gas | Connected | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 10, 2025 | New listing | $3,120,000 | — | PAAR |