601 N Stone Avenue, 2, Tucson, AZ 85705
$1,100,000
Property Type:
Commercial
Square Footage:
20,824
Lot Size (sq. ft.):
30
Status:
Closed
Current Price:
$1,100,000
List Date:
2/13/2007
Last Modified:
12/19/2024
Description
Large 2 story bldg. with 2 long term tenants w/street frontage on Stone & Fifth St. also full ally access. Located on new improved Stone Ave. Convenient to downtown. 4 rear parcels w/3 bldgs. Great potential growth area w/all the downtown redevelopment.
More Information MLS# 2627387
Address Information
Apt/Unit #: 2
Country: USA
Street #: 601
Direction: N
Street Name: Stone
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2006
Taxes: 14500
Assessments: 0
Legal Description: Lots 9 & 12 Blk S2 City of Tucson +4 Rear parcel on Ninth & Fifth.
Municipality/Zoning: Tucson - C3
Fire Protection: Included in Taxes
Tax Code: 117-04-141A
Area: Central
Status Change Info
Off Market Date: 2007-03-27
Sold Price/SqFt: 52.82
Lot Sz Sold Prc/SqFt: 23.6
Financing: Conventional
Pending Date: 2007-02-28
Sold Date: 2007-03-27
Sold Price: $1,100,000
Showing Information
Directions: Broadway & Stone N-Stone to 601, Corner of Fifth Street.Rear bldg. fronts on Ninth & Fifth.
General Property Information
Property Sub-Type: Retail
# Units: 2
Lot Dimensions: 252x185x252x185
Lot Acres: 1.07
Lot Sqft: 46609
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 67.23
Lot Size Price/SqFt: 30.03
Year Built: 1968
Combined SqFt: 20824
Electric
3 Phase Power: Yes
Amps: 440
Master Meter: No
Income
Adjusted Gross: 125400
Total Expenses: 26800
Gross Scheduled Rent: 125400
Net Opp Income: 98600
Analysis
Gross Rent Multi: 11.16
Exp/SqFt: 1.28
Exp % of Gross: 21.37
Cap Rate %: 7.04
Expenses
Figures Presented: Actual
Insurance: 12300
Taxes/Assessments: 14500
Sewer
Connected: 1
Water
Public: 1
Property Features
A.D.A. Compliant: No
Phase 1 Report: No
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Property Disclosures
Unknown: 1
Contract Information
Current Price: $1,100,000
Sold Price: $1,100,000
Listing Date: 2006-07-10
Status: Closed
Remarks Misc
Geo Lat: 32.229295
Geo Lon: -110.972181
Property Features
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Conventional
Property Disclosures: Unknown
Listing Office: RE/MAX All Executives
Last Updated: December - 19 - 2024
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