3250 Gateway Boulevard, Prescott, AZ 86302

$12,200,000
Property Type: Comm/Industry Sale Square Footage: 163,097 Status: Closed
Current Price: $12,200,000 List Date: 3/01/2022 Last Modified: 10/20/2025

Overview

Description

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

Supplements: 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 shoppi ...

Listing Details MLS# 529097

Location, Tax & Legal

House Number
3250
Street Name
Gateway
St Suffix
Boulevard
City/Town Code
Prescott
State/Province
AZ
Zip Code
86302
County Code
Yavapai
Subdivision
Commercial Only
Assessor Number
10320600m
Tax Year
2021
Legal Description (Abbrev)
AN IRREGULAR PARCEL LYING IN THE SOUTHWESTERLY QUARTER, NORTH PAR CEL CORNER APPROX 123 FT NORTH & 1
Taxes
83360

General Property Description

Ttl Apx SqFt Bldg
163097
# of Buildings
3
# of Interior Levels
Yes
Year Built
2001
Zoning
BR

Remarks Misc

Directions
Turn into the Mall Entrance at State Route 69 and Gateway Blvd.

Status Change Info

Off Market Date
2022-11-15
Under Contract Date
2022-08-23
Close of Escrow Date
2022-11-15

Sold Info

Loan Type
Exchange

More Information

Currently Not Used

Sold Price Per SqFt
91.97

Remarks & Misc

SVV Public Historical Remarks
Parking Spaces: 20+ Cars, Management: Management Company, Water Heater: Natural Gas, Lot Acreage: 21.61, Area: 90 - Out of Area

Construction

Block
Yes
Brick
Yes

Roofing

See Remarks
Yes

Floors

Tile
Yes
Concrete
Yes
Carpet
Yes

Business Type

Retail
Yes

Heating

Forced Air
Yes
Electric
Yes
Natural Gas
Yes

Cooling

Central Air
Yes
Ceiling Fan(s)
Yes

Interior Features

Fire Sprinklers
Yes
Security System
Yes
Phone Available
Yes

Road Access Type

City Street
Yes

Road Surface Type

Paved
Yes

Exterior

Sprinkler System-Ground
Yes
Landscaping
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Building Features

Accessible Entrance
Yes

Sewer

Sewer - Public
Yes
Septic Tank
Yes

Electric

Individual Meter
Yes
220 Volts
Yes
3 Phase Power
Yes

Gas

Natural Gas
Yes
Individual Meter
Yes

New Financing

Cash Only
Yes
1031 Exchange
Yes

Property Features

Business Type: Retail Construction: Block; Brick Roofing: See Remarks Floors: Tile; Concrete; Carpet Heating: Forced Air; Natural Gas Cooling: Central Air; Ceiling Fan(s) Interior Features: Fire Sprinklers; Security System; Phone Available Exterior: Sprinkler System-Ground; Landscaping Building Features: Accessible Entrance Road Access Type: City Street Road Responsibility: City Maintained Road Electric: Individual Meter; 220 Volts; 3 Phase Power Gas: Natural Gas; Individual Meter Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Septic Tank New Financing: Cash Only; 1031 Exchange Road Surface Type: Paved
Listing Office: Prescott Commercial Real Estat
IDX
Last Updated: October - 20 - 2025
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