For Sale
$350,000

5240 Knight Dr Tucson, AZ 85712

Efficient 1744 sq ft Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
137
This 1744 square foot medical office suite, located at 5240 East Knights Drive #112 in Tucson, Arizona, is a single-tenant, owner-user opportunity. Built in 1977 with several renovations, this Class B property sits on a 3,329 square foot lot (APN 121-12-031A) and is zoned OCR-2 (Office, Commercial, Residential). Currently 100% occupied, the suite offers a highly efficient layout ideal for a single medical practice. The asking price is $350,000 ($200.69/sq ft). The property is part of the Tucson Medical Park West Association, with a 6.45% ownership share. Monthly association dues of approximately $611.01 cover water, sewer, trash, exterior maintenance, and ground lease payments to TMC. A ground lease is in place, expiring February 28, 2040 (16+ years remaining). The property features one building, one story, and zero air rights. Note that the NOI and Pro-Forma NOI are both $0.

Highlights

  • 1744 SF medical office suite in Tucson, AZ.
  • Single-tenant, owner-user opportunity.
  • Class B property on a 3,329 SF lot (APN 121-12-031A), zoned OCR-2.
  • Asking price: $350,000 ($200.69/SF).
  • Located in Tucson Medical Park West, with 6.45% ownership share and $611.01 monthly HOA dues (water, sewer, trash, exterior maintenance, ground lease).
  • Ground lease expires February 28, 2040.

Property Details for 5240 Knight Dr

Property type
Office properties, Medical offices
Square Feet
1,744 SF
Class
B
Year Built
1977
Buildings
1
Stories
1
Units
1

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2486478
Longitude
-110.8806118

FAQs

What type of property is this?
Office property - Efficient 1744 sq ft Medical Office
Where is the office property located?
The property is located at 5240 Knight Dr Tucson, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1744 SF medical office suite in Tucson, AZ.; Single-tenant, owner-user opportunity.; Class B property on a 3,329 SF lot (APN 121-12-031A), zoned OCR-2.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5240 Knight Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message