11901 1St AveOro Valley, AZ 85737

Property Details for 11901 1St Ave

Year built

2007

Construction

FRAME

Lot size

5.08 AC

Property size (Sq ft)

15,954 SF

Property type

Retail space

APN

224-02-1710

APU

224021710

Description

Placita De Oro, located at 11901 N 1st Ave in Oro Valley, Arizona (zip code 85737), presents a compelling retail investment opportunity. This C-2 zoned shopping center offers flexible space ranging from 1,500 to 8,000 square feet, ideal for a variety of retail uses. The property benefits from its strategic location at the main entrance to Rancho Vistoso, a substantial 7,500-acre master-planned community. This high-traffic area is further enhanced by its proximity to Tangerine Road, a major four-lane thoroughfare experiencing significant growth, extending from Oracle Road to Twin Peaks. The immediate vicinity boasts a robust workforce, with 9,647 employees within a three-mile radius, including the presence of Innovation Park. This strong employment base ensures a substantial customer pool for any retail business operating within Placita De Oro. A virtual tour is available online for a comprehensive visual overview of the property. This exceptional location, combined with the flexible space options, makes Placita De Oro an attractive investment prospect for discerning buyers seeking a foothold in a thriving Oro Valley market. Pima County location provides access to a large consumer base.

• CAP approach

  CAP return

  Valuation

  6%

  $3,619,998

  6.5%

  $3,341,536

  7%

  $3,102,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,689,959

  Geo Method

  $6,689,959

• Alternative Use

  Use

  Valuation

  Residential

  $2,818,711

  Hospitality

  $2,581,924

  Educational

  $2,148,130

  Medical

  $2,222,008

  Retail

  $3,341,536

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.4223

Longitude

-110.963

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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