$570,000
Tucson, AZ 85713
MLS# 21624915
Status: Closed
18551 sqft
1 / 2
Property Description
Plaza Azteca is a strip center, built in 2000, priced at an incredible $32.07 per square foot! Currently 78.6% occupied. Vacant 2500 sq. ft. space ideal for owner/user. Currently grossing $9,169 per month or $110,029. per year. 100% occupancy would be $12,419 per month or $149,028 per year. Well built with ample parking. SELLER FINANCING IS POSSIBLE WITH 30% DOWNPAYMENT AT 6% INTEREST, 30 YEAR AMORTIZATION WITH A 7 YEAR BALLOON. Actual 2014, 2015 & 2016 income and expenses are available, for review, to a qualified buyer.
Details
Maps
Address Information
Country: USA
Street #: 3553
Direction: S
Street Name: 12th
Suffix: Avenue
State/Province: AZ
Zip Code: 85713
County: Pima
Location, Tax & Legal
Tax Year: 2016
Taxes: 16575
Assessments: 0
Legal Description: Pima County Taxcodes: 119040190,119040200,11904210,119040220
Municipality/Zoning: Tucson - C1
Fire Protection: None
Tax Code: 119-04-0200
Area: South
Status Change Info
Off Market Date: 2016-09-23
Sold Price/SqFt: 30.73
Lot Sz Sold Prc/SqFt: 7.27
Financing: Cash
Pending Date: 2016-10-04
Sold Date: 2016-10-14
Sold Price: $570,000
General Property Information
Property Sub-Type: Retail
# Units: 14
Lot Dimensions: irregular
Lot Acres: 1.8
Lot Sqft: 78380
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 32.07
Lot Size Price/SqFt: 7.59
Year Built: 2000
Combined SqFt: 18551
Showing Information
Directions: Ajo Rd./ S. 12th Ave. north to NE corner S.12th Ave./Veterans Blvd.
Income
Vacancy Loss: 38999
Other Income: 0
Adjusted Gross: 110029
Total Expenses: 86021
Gross Scheduled Rent: 149028
Net Opp Income: 24008
Analysis
Gross Rent Multi: 5.18
Vacancy Rate %: 26.17
Exp/SqFt: 4.64
Exp % of Gross: 78.18
Cap Rate %: 4.21
Construction
Masonry Stucco: 1
Expenses
Admin Expenses: 0
Captial Expenses: 16253
Contract Services: 11699
Figures Presented: Actual
Gas/Electric: 3481
Insurance: 8827
Maintenance Supplies: 4864
Management: 5578
Resident Manager: 0
Taxes/Assessments: 16688
Water/Sewer: 16988
Other Expenses: 1643
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Heat Pump: 1
Terms
Cash: 1
Owner Carry: 1
Sold Info
Selling Comments: 'AS IS' SALE
Property Disclosures
Public Airport Vcty: 1
Unknown: 1
Contract Information
Current Price: $570,000
Sold Price: $570,000
Listing Date: 2016-09-15
Status: Closed
Remarks Misc
Geo Lat: 32.181965
Geo Lon: -110.977131
Property Features
Construction: Masonry Stucco
Main Cooling: Central Air
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Terms: Cash; Owner Carry
Property Disclosures: Public Airport Vcty; Unknown
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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