756 S 6Th Avenue S, Tucson, AZ 85701

$1,314,350
Property Type: Commercial Square Footage: 6,500 Lot Size (sq. ft.): 186 Status: Closed
Current Price: $1,314,350 List Date: 3/16/2017 Last Modified: 12/09/2024

Overview

Description

This property is for the investor with a keen eye towards a phenomenal investment now and the future. The brick building consists of 3 storefronts each with a strong tenant- 2 restaurants-one with grocery and a retail shop operating under 5 year leases with options for an additional 5 years. Sit back and enjoy the rewards of the hard work by the present owners and watch the community thrive as investment in Tucson continues to revitalize the Downtown and the neighboring communities. The property is located at the boundaries of Barrio Viejo, Armory Park, and Barrio Santa Rosa.

Listing Details MLS# 21707294

Address Information

Street #
756
Direction
S
Street Name
6Th
Suffix
Avenue
Post Direction
S
State/Province
AZ
Zip Code
85701
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
117-07-208A
Area
Central
Tax Year
2016
Taxes
9181.31
Assessments
0
Legal Description
TUCSON LOT 12 & PTN ABAND RD ADJ BLK 121
Municipality/Zoning
Tucson - C3
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Retail
# Units
3
Year Built
1928
Lot Dimensions
66x90x80x137
Lot Acres
0.2
Lot Sqft
7525
Lot Size Source
Assessor
Combined SqFt
6500
Source of SqFt
Assessor
List Price/SqFt
215.38
Lot Size Price/SqFt
186.05

Property Features

Construction: Brick Main Cooling: Central Air Main Heating: Heat Pump Sewer: Connected Water: Public Terms: Cash; Conventional Property Disclosures: Unknown

Status Change Info

Off Market Date
2017-04-10
Pending Date
2017-04-25
Sold Date
2017-04-28
Sold Price/SqFt
202.21
Lot Sz Sold Prc/SqFt
174.66
Financing
Cash

More Information

Showing Information

Directions
From the North: South on Stone from Broadway Blvd to address. From the South: 22nd Ave to Stone north to address.

Income

Gross Scheduled Rent
120698.38
Total Expenses
53989.31
Net Opp Income
67982.47

Analysis

Cap Rate %
7.17
Exp/SqFt
8.31
Vacancy Rate %
0

Expenses

Admin Expenses
5400
Captial Expenses
32400
Contract Services
5661.02
Figures Presented
Actual
Insurance
1184.64
Taxes/Assessments
9148.65
Other Expenses
195
Gas/Electric
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Water/Sewer
0

Property Features

# Grade Doors
3
A.D.A. Compliant
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Heat Pump
Yes

Terms

Cash
Yes
Conventional
Yes

Sold Info

Seller Concessions
0

Property Disclosures

Unknown
Yes
IDX
Listing Office: Canyon Group Realty LLC
Last Updated: December - 09 - 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.

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