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 ... (Read more)

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

Last Updated: October - 20 - 2025