$475,000
Tucson, AZ 85714
MLS# 22416282
1600 sqft
1 / 25
Property Description
''Discover an exceptional investment opportunity in the heart of the historic 12th Ave district. This well-maintained property, owned by the original owners, boasts rich history. Featuring the delicious Oasis Raspados, a Tucson favorite, this tenant has been thriving at this location for 40+ years. Complementing this, a newly opened barber shop adds to the property's dynamic appeal, offering foot traffic and diverse business synergy. The property's unique charm is enhanced by a community ''talking'' art mural, highlighting and celebrating local businesses and the spirit of the neighborhood. Visibility and accessibility are key advantages with perfect signage placement right off the bustling 12th ave and ample parking. The building's infrastructure has been updated with new HVAC
Details
Maps
Documents
Address Information
Street #: 4126-4128
Direction: S
Street Name: 12th
Suffix: Avenue
State/Province: AZ
Zip Code: 85714
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 120-02-1830
Tax Year: 2023
Taxes: 3230.95
Taxes For: Building & Land
Legal Description: National City Annex N2 Of L 14 Exc E20' Thereof Blk E
National City Annex S2 Of L 14 Exc E20' Thereof Blk E
Area: South
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Contract Information
Current Price: $475,000
List Price: $475,000
Listing Date: 2024-05-30
Status: Active
Co-Op Fee: 3.0%
Variable Commission: 1
Method of Title: Fee (Simple)
Short Sale: No
Showing Information
Directions: From Ajo West turn South on 12th Ave to address on the West side of road.
General Property Information
Dwelling Type: Retail
Construction Status: Existing
# Units: 2
Multi-Tenant: Yes
Year Built: 1965
Lot Dimensions: 119'X130'X119''X130''
Lot Acres: 0.33
Lot Sqft: 14464
Lot Size Source: Assessor
Combined SqFt: 1600
Source of SqFt: Assessor
Leasable SqFt: 1600
List Price/SqFt: 296.88
Lot Size Price/SqFt: 32.84
Remarks & Misc
Geo Lat: 32.174287
Geo Lon: -110.977927
Income
Gross Scheduled Rent: 30000
Analysis
Cap Rate %: 0.54
Expenses
Figures Presented: Actual
Insurance: 1200
Taxes/Assessments: 3230.95
Unit Information
Retail: Free Standing Building
Electric
Electric Company: TEP
Submit With Offer
Seller Title Company: First American
Property Features
Construction: Brick
Roof: Built-Up - Reflect
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Forced Air
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: Alarm Installed; Cameras; Security Lights; Window Bars
Fence: None
Landscape - Front: None
Landscape - Rear: None
Road Type: Paved
Parking: Free; Private Parking
Lot Features: East/West Exposure
Business Location: Free Standing Bldg
Freeway/Highway: 1.1 - 2 Miles
Traffic Count: 15,001 to 35,000
Terms: Cash; Conventional
Possession: Recording
Submit With Offer: Digital Signature Accepted; Earnest Check; Proof of Funds; Written Lender Approval
Property Disclosures: Lead Based Paint; Public Airport Vcty; Seller Prop Disclosure
Special Conditions: None
Restrictions: Deed
Supplements
and plumbing systems.
Pride of ownership shines through. Opportunities like this are rare. Secure a piece of the historic 12th Ave district and join a thriving community of businesses. This unique property combines legacy, community and opportunity."
Lead Paint Discl Listing Office: Realty Executives Arizona Territory
Last Updated: June - 30 - 2024
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