$1,314,350
Tucson, AZ 85701
MLS# 21707294
Status: Closed
6500 sqft
1 / 30
Property Description
This property is for the investor with a keen eye towards a phenomenal investment now and the future. The brick building consists of 3 storefronts each with a strong tenant- 2 restaurants-one with grocery and a retail shop operating under 5 year leases with options for an additional 5 years. Sit back and enjoy the rewards of the hard work by the present owners and watch the community thrive as investment in Tucson continues to revitalize the Downtown and the neighboring communities. The property is located at the boundaries of Barrio Viejo, Armory Park, and Barrio Santa Rosa.
Details
Maps
Address Information
Street #: 756
Direction: S
Street Name: 6Th
Suffix: Avenue
Post Direction: S
State/Province: AZ
Zip Code: 85701
County: Pima
Country: USA
Location Tax Legal
Tax Code: 117-07-208A
Area: Central
Contract Information
Current Price: $1,314,350
Sold Price: $1,314,350
Listing Date: 2017-03-16
Status: Closed
Status Change Info
Off Market Date: 2017-04-10
Pending Date: 2017-04-25
Sold Date: 2017-04-28
Sold Price: $1,314,350
Sold Price/SqFt: 202.21
Lot Sz Sold Prc/SqFt: 174.66
Financing: Cash
General Property Information
Property Sub-Type: Retail
# Units: 3
Year Built: 1928
Lot Dimensions: 66x90x80x137
Lot Acres: 0.2
Lot Sqft: 7525
Lot Size Source: Assessor
Combined SqFt: 6500
Source of SqFt: Assessor
List Price/SqFt: 215.38
Lot Size Price/SqFt: 186.05
Remarks Misc
Geo Lat: 32.212168
Geo Lon: -110.96908
Showing Information
Directions: From the North: South on Stone from Broadway Blvd to address.
From the South: 22nd Ave to Stone north to address.
Income
Gross Scheduled Rent: 120698.38
Total Expenses: 53989.31
Net Opp Income: 67982.47
Analysis
Cap Rate %: 7.17
Exp/SqFt: 8.31
Expenses
Admin Expenses: 5400
Captial Expenses: 32400
Contract Services: 5661.02
Figures Presented: Actual
Insurance: 1184.64
Taxes/Assessments: 9148.65
Other Expenses: 195
Property Features
# Grade Doors: 3
A.D.A. Compliant: Yes
Property Features
Construction: Brick
Main Cooling: Central Air
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Terms: Cash; Conventional
Property Disclosures: Unknown
Listing Office: Canyon Group Realty LLC
Last Updated: December - 09 - 2024
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