$12,200,000
Prescott, AZ 86302
MLS# 529097
Status: Closed
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Property 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
Details
Maps
Contract Info
Current Price: $12,200,000
Sold Price: $12,200,000
Status: Closed
List Date: 2022-02-28
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
General Property Description
Ttl Apx SqFt Bldg: 163097
# of Buildings: 3
# of Interior Levels: 1
Year Built: 2001
Zoning: BR
Remarks Misc
Directions: Turn into the Mall Entrance at State Route 69 and Gateway Blvd.
Geo Lat: 34.548574
Geo Lon: -112.408088
Status Change Info
Off Market Date: 2022-08-23
Under Contract Date: 2022-08-23
Close of Escrow Date: 2022-11-15
Sold Price: $12,200,000
Sold Info
Loan Type: Exchange
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
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 shopping experience as well as an outdoor lifestyle and Town Center component. Flush with variety and centrally located, the mall functions as a community hub for the Quad City Area Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt - and beyond.
Demographically, the area continues to grow at a remarkable rate, fueled by a steady stream of new arrivals seeking refuge from the tax and regulation burdens of bigger cities and states.
Prescott Gateway Mall is located in the area's prime retail hub at the intersection of State Route 69 and Prescott Lakes Parkway. It is surrounded by Class A retail, restaurant and service tenants including Costco, Walmart, Lowe's, Trader Joe's, Best Buy, Red Robin, Olive Garden, In-N-Out, and US Bank, as well as some of Prescott's most prestigious and established residential communities and a flourishing retirement community.
Listing Office: Prescott Commercial Real Estat
Last Updated: October - 20 - 2025
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