378 N Main Avenue, Tucson, AZ 85701
$1,300,000
Property Type:
Commercial
Square Footage:
9,702
Lot Size (sq. ft.):
65
Status:
Closed
Current Price:
$1,300,000
List Date:
10/09/2013
Last Modified:
12/07/2024
Description
This is the historic OWL'S CLUB BUILDING which is listed on the Register of Historic Places, a great office building in historic downtown Tucson, just a couple doors north of the Steinfeld Mansion and close to City, County and State offices, courts etc. The building was remodeled in 2002 and also includes a large parking lot (30 cars) in the rear which extends to Granada Avenue. (116-19-048B)
More Information MLS# 21327304
Address Information
Country: USA
Street #: 378
Direction: N
Street Name: Main
Suffix: Avenue
State/Province: AZ
Zip Code: 85701
County: Pima
Location, Tax & Legal
Tax Year: 2012
Taxes: 28761.06
Assessments: 0
Legal Description: Lots 3 & 4 of Goldschmidts Addition and a ptn of the N 15' of Lot 5
Municipality/Zoning: Tucson - O2
Fire Protection: Included in Taxes
Tax Code: 116-19-0500
Area: Central
Status Change Info
Off Market Date: 2013-11-21
Sold Price/SqFt: 133.99
Lot Sz Sold Prc/SqFt: 56.64
Financing: Cash
Pending Date: 2013-12-31
Sold Date: 2014-01-10
Sold Price: $1,300,000
Showing Information
Directions: From I-10, West on Congress, North on Granada, East on Franklin, North on Main to address. OR North on Granada to 370 N Granada which is the Owl's Club parking lot.
General Property Information
Property Sub-Type: Professional/Office
# Units: 4
Lot Dimensions: 75x170 + 60x170
Lot Acres: 0.53
Lot Sqft: 22950
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 154.61
Lot Size Price/SqFt: 65.36
Year Built: 1901
Combined SqFt: 9702
Income
Vacancy Loss: 12780
Other Income: 0
Adjusted Gross: 131400
Total Expenses: 68836
Gross Scheduled Rent: 144180
Net Opp Income: 62564
Analysis
Gross Rent Multi: 9.89
Vacancy Rate %: 8.86
Exp/SqFt: 7.1
Exp % of Gross: 52.39
Cap Rate %: 4.81
Expenses
Admin Expenses: 0
Captial Expenses: 0
Contract Services: 8412
Figures Presented: Actual
Gas/Electric: 15000
Insurance: 8388
Maintenance Supplies: 1200
Management: 0
Resident Manager: 0
Taxes/Assessments: 32332
Water/Sewer: 3504
Other Expenses: 0
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Heat Pump: 1
Terms
Cash: 1
Conventional: 1
Property Disclosures
Lead Based Paint: 1
Contract Information
Current Price: $1,300,000
Sold Price: $1,300,000
Listing Date: 2013-10-08
Status: Closed
Remarks Misc
Geo Lat: 32.226131
Geo Lon: -110.976749
Property Features
Main Cooling: Central Air
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Terms: Cash; Conventional
Property Disclosures: Lead Based Paint
Listing Office: The Negotiators Realty
Last Updated: December - 07 - 2024
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