301 W 4th Street, Tucson, AZ 85705
$1,390,000
Property Type:
Commercial
Square Footage:
10,000
Lot Size (sq. ft.):
46
Status:
Closed
Current Price:
$1,390,000
List Date:
2/20/2020
Last Modified:
12/13/2024
Description
Repurposed warehouse located just north of downtown. Built in 1925 the double and triple brick structure has striking architectural features including a bow truss roof system and restored steel casement warehouse windows. 5,000 square feet of the buildings former offices were converted into 12 separate creative spaces which are leased individually to established long term artist tenants and other creative office space users. The adjacent 5,000 square feet is occupied by a successful local CrossFit gym who has a long-term lease. Building upgrades in 2015 include: new insulated roof system, electrical improvements and HVAC. Clean Phase I & II reports available. Solid NOI, zero vacancy with waiting list, stable long-term tenants and initial plans for another building on the site.
More Information MLS# 22004822
Address Information
Country: USA
Street #: 301
Direction: W
Street Name: 4th
Suffix: Street
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2019
Taxes: 11777
Assessments: 0
Taxes For: Building & Land
Legal Description: TUCSON ALL BLK 55 LYG NE S P R R
Municipality/Zoning: Tucson - I1
Fire Protection: Included in Taxes
Tax Code: 117-04-1780
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,390,000
Sold Price: $1,390,000
Listing Date: 2020-02-18
Status: Closed
Status Change Info
Off Market Date: 2021-04-07
Sold Price/SqFt: 139
Lot Sz Sold Prc/SqFt: 40.48
Financing: Cash
Pending Date: 2021-07-01
Sold Date: 2021-07-07
Sold Price: $1,390,000
Showing Information
Directions: From Speedway and Main, south on Main to 4th Street (just before railroad track crossing), east to address.
General Property Information
Property Sub-Type: Other
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.79
Lot Sqft: 34334
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 160
Lot Size Price/SqFt: 46.6
Year Built: 1925
Combined SqFt: 10000
Electric
3 Phase Power: Yes
Electric Company: TEP
Master Meter: Yes
Gas
None: 1
Construction
Brick: 1
Sewer
Connected: 1
Unit Information
Office: Warehouse
Other: CrossFit Gym
Roof
Built-Up - Reflect: 1
Foam: 1
Water
Public: 1
Property Features
Phase 1 Report: Yes
Skylight: 1
Fence
Other: Expanded Metal
Space Information
Ceiling Height: 20+ft
Road Type
Paved: 1
Fenced Storage
Yes: 1
Lot Features
Adjacent to Rail: 1
Corner Lot: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Zoned: 1
Main Heating
Electric: 1
Heat Pump: 1
Zoned: 1
Water Heater
Electric: 1
Terms
Submit: 1
Submit With Offer
Proof of Funds: 1
Accessibility Option
Door Levers: 1
Security
Alarm Installed: 1
Closed Circuit Camera(s): 1
Security Lights: 1
Other: Security Screens
Green Features
Bath Exhaust Out: 1
Dual-Flush Toilets: 1
Infill Site: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Desert Plantings: 1
Low Care: 1
Trees: 1
Landscape - Rear
Trees: 1
Parking
Fenced Parking: 1
Free: 1
Paved Parking: 1
Business Location
Free Standing Bldg: 1
Redevelopment Area: 1
Freeway/Highway
Up to 1 Mile: 1
Traffic Count
Not Available: 1
Unknown: 1
Possession
See Remarks: 1
Property Disclosures
Appraisal: 1
Floor Plan: 1
Lead Based Paint: 1
Leases: 1
Military Airport Vct: 1
Public Airport Vcty: 1
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.230057
Geo Lon: -110.976697
Income
Gross Scheduled Rent: 115530
Analysis
Cap Rate %: 7.22
Property Features
Property Features: Skylight
Construction: Brick
Roof: Built-Up - Reflect; Foam
Fenced Storage: Yes
Main Cooling: Central Air; Evaporative Cooling; Zoned
Main Heating: Electric; Heat Pump; Zoned
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: Door Levers
Security: Alarm Installed; Closed Circuit Camera(s); Security Lights
Green Features: Bath Exhaust Out; Dual-Flush Toilets; Infill Site
Landscape - Front: Decorative Gravel; Desert Plantings; Low Care; Trees
Landscape - Rear: Trees
Road Type: Paved
Parking: Fenced Parking; Free; Paved Parking
Lot Features: Adjacent to Rail; Corner Lot
Business Location: Free Standing Bldg; Redevelopment Area
Traffic Count: Not Available; Unknown
Terms: Submit
Possession: See Remarks
Submit With Offer: Proof of Funds
Property Disclosures: Appraisal; Floor Plan; Lead Based Paint; Leases; Military Airport Vct; Public Airport Vcty; Seller Prop Disclosure
Special Conditions: None
Documents
Lead Paint Discl ›Listing Office: Southwest Urban
Last Updated: December - 13 - 2024
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