2502 Campbell Ave Tucson, AZ 85719

This 19,516 square foot shopping center in Tucson, Arizona, presents a compelling value-add investment opportunity. Located at 2502 N Campbell Ave, 85719, this multi-tenant retail property boasts a 6.00% cap rate (at 80% occupancy) and a pro-forma cap rate of 7.60%. Currently operating at 80% occupancy, the property generates a net operating income (NOI) of $235,100, with a pro-forma NOI projected at $297,700. The asking price is $3,918,000, translating to $200.76 per square foot. Situated on a high-traffic commercial street (over 37,800 cars daily), and near the intersection of Campbell Avenue and Grant Road (over 85,000 cars daily), the property benefits from its proximity to the University of Arizona (less than one mile away), major retailers (including Starbucks, Walmart, Safeway, and Fry's), popular restaurants (Flower Child, First Watch, etc.), and the Banner – University Medical Center. The property's C-1 zoning in Pima County allows for a variety of retail uses. A significant value-add potential exists through lease-up of vacant space and rent increases to market rates, projecting a substantial NOI increase. The current price per square foot is significantly below estimated replacement cost. This property offers a strong combination of location, income potential, and value-add upside.