1011 N Craycroft Road, Tucson, AZ 85711
$2,995,000
Property Type:
Commercial
Square Footage:
27,072
Lot Size (sq. ft.):
30
Status:
Active
Current Price:
$2,995,000
List Date:
7/21/2025
Last Modified:
7/21/2025
Description
Value Add or owner user investment opportunity. Multi-tenant medical and professional office complex anchored by LabCorp and Southern Arizona Endodontics. 5590 sf available to be backfilled for value add or occupied by an owner looking to office space and an investment
More Information MLS# 22503480
Address Information
Country: USA
Street #: 1011
Direction: N
Street Name: Craycroft
Suffix: Road
State/Province: AZ
Zip Code: 85711
County: Pima
Location, Tax & Legal
Tax Year: 2024
Taxes: 47427.49
Assessments: 366171
Taxes For: Building & Land
Legal Description: MITMAN LOT 6 LESS E20' FOR RD & LOT 7 & LOT 8
EXC W17' BLK 4
Development Name: Craycroft Plaza
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 127-02-2790
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $2,995,000
List Price: $2,995,000
Listing Date: 2025-02-04
Status: Active
General Property Information
Property Sub-Type: Professional/Office
Construction Status: Existing
# Units: 12
Lot Dimensions: 600x575 ft
Lot Acres: 2.17
Total Parking: 111
Lot Sqft: 96942
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 5590
List Price/SqFt: 110.63
Lot Size Price/SqFt: 30.89
Year Built: 1959
Combined SqFt: 27072
Electric
Electric Company: TEP
Gas
None: 1
Analysis
Vacancy Rate %: 20
Cap Rate %: 7.13
Construction
Brick: 1
Expenses
Figures Presented: Actual
Insurance: 9712.19
Taxes/Assessments: 47427.49
Other Expenses: 94059.35
Sewer
Connected: 1
Unit Information
Office: Business Park
Roof
Built-Up: 1
Water
Public: 1
Fence
None: 1
Road Type
Chip/Seal: 1
Paved: 1
Fenced Storage
No: 1
Main Cooling
Central Air: 1
Main Heating
Heat Pump: 1
Water Heater
Electric: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Proof of Funds: 1
Accessibility Option
Entry: 1
Level: 1
Wide Hallways: 1
Landscape - Front
Decorative Gravel: 1
Natural Desert: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Trees: 1
Parking
Free: 1
Paved Parking: 1
Other: 111 parking spots
Business Location
Business Park: 1
Office/Professional: 1
Remarks Misc
Geo Lat: 32.234851
Geo Lon: -110.876611
Income
Gross Scheduled Rent: 365034
Net Opp Income: 213734.97
Property Features
Construction: Brick
Roof: Built-Up
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Heat Pump
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: Entry; Level; Wide Hallways
Fence: None
Landscape - Front: Decorative Gravel; Natural Desert; Shrubs; Trees
Landscape - Rear: Trees
Road Type: Chip/Seal; Paved
Parking: Free; Paved Parking
Business Location: Business Park; Office/Professional
Terms: Cash; Conventional
Submit With Offer: Proof of Funds
Listing Office: Larsen Baker, LLC
Last Updated: July - 21 - 2025
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