5550 S 12th Avenue, Tucson, AZ 85706
$3,700,000
Property Type:
Commercial
Square Footage:
32,400
Lot Size (sq. ft.):
24
Status:
Closed
Current Price:
$3,700,000
List Date:
9/26/2023
Last Modified:
12/23/2024
Description
Full property address is 5550, 5650, 5680 S. 12th Ave. Multi Tenant Retail building (24 spaces @ 1200 Sq. Ft. each plus a 3600 Sq. Ft Restaurant) on South 12th Ave. Situated on 3.67 acres.
More Information MLS# 22320729
Address Information
Country: USA
Street #: 5550
Direction: S
Street Name: 12th
Suffix: Avenue
State/Province: AZ
Zip Code: 85706
County: Pima
Location, Tax & Legal
Tax Year: 2022
Taxes: 29846.73
Assessments: 0
Taxes For: Building & Land
Legal Description: Call Agent - Long legal
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Tax Code: 137-10-5050
Area: South
Contract Information
Method of Title: Co-op
Short Sale: No
Current Price: $3,700,000
Sold Price: $3,700,000
Listing Date: 2023-09-26
Status: Closed
Status Change Info
Off Market Date: 2023-11-14
Sold Price/SqFt: 114.2
Lot Sz Sold Prc/SqFt: 23.18
Financing: Cash
Pending Date: 2023-12-26
Sold Date: 2023-12-29
Sold Price: $3,700,000
Showing Information
Directions: From 12th Ave. & Drexel Rd. North on 12th Ave to subject.
General Property Information
Property Sub-Type: Retail
Construction Status: Existing
# Units: 25
Lot Dimensions: Irregular
Lot Acres: 3.67
Total Parking: 95
Lot Sqft: 159649
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 28800
List Price/SqFt: 120.37
Lot Size Price/SqFt: 24.43
Year Built: 1998
Combined SqFt: 32400
Analysis
Exp % of Gross: 39
Cap Rate %: 8
Construction
Concrete Block: 1
Expenses
Figures Presented: Actual
Sewer
Connected: 1
Unit Information
Retail: Strip Center
Fence
None: 1
Fenced Storage
No: 1
Main Cooling
Central Air: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Seller Paid Repairs: 7000
Landscape - Front
None: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.151051
Geo Lon: -110.978098
Income
Gross Scheduled Rent: 486138
Net Opp Income: 294222
Property Features
Construction: Concrete Block
Fenced Storage: No
Main Cooling: Central Air
Water Heater: Natural Gas
Sewer: Connected
Security: None
Fence: None
Landscape - Front: None
Terms: Cash; Conventional
Special Conditions: None
Listing Office: Coldwell Banker Realty
Last Updated: December - 23 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.