502 Silverbell RdTucson, AZ 85745

  • Specialty properties
  • 11,239 SF
For Sale
$1,700,000 View listing

Property Details for 502 Silverbell Rd

Lot size
1.04 AC
Property size (Sq ft)
11,239 SF
Property type
Specialty properties

Description

This exceptional 11,239-square-foot, Class B commercial property in Tucson, Arizona, is offered at $1,700,000, representing a compelling 9.99% cap rate with a $169,800 net operating income (NOI). The property, situated on a 1.04-acre lot (APN 116-15-081), is zoned O-3 and features 30 units, priced at $53,125 per unit. Currently operating as transitional housing, the property enjoys a five-year triple-net (NNN) lease with a five-year renewal option, generating a monthly income of $14,150. The single-story building boasts a secured, landscaped campus adjacent to St. Mary's Hospital and St. Mary's Plaza shopping center, offering convenient access to medical resources and amenities. The property includes a commercial kitchen and fire sprinkler system. Its design incorporates separate residential and office areas, along with an outdoor play area, making it suitable for various healthcare or residential uses. The sale includes a leaseback agreement. This is a fee-simple ownership opportunity with significant potential for long-term income and appreciation.

502 Silverbell Rd, Tucson, Arizona

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2271
Longitude
-110.998

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