Incredible investment opportunity just one block from Prescott’s iconic Mt. Vernon St! This property features City-approved concept plans for a high-density multi-family development—ideal for college rentals or short-term stays like VRBO. Just a short walk to Downtown Prescott, the existing 1954 Sears and Robuck catalog – 1 Bedroom 1.5 Bath home allows for immediate rental income while you develop the remaining potential. Plans include a fourplex and a 2-story detached garage, using only 28% of the allowed 50% lot coverage. Enjoy mature trees, native landscaping, and beautiful views of Thumb Butte in a quiet, convenient location close to schools, work, and the Prescott Courthouse Square. Build using the pre-approved concept or bring your own vision. Buyer to verify their own permitting requirements. This is one you must see to appreciate the possibilities!