4615 1St AveTucson, AZ 85718

Property Details for 4615 1St Ave

Year built

1973

Construction

FRAME

Lot size

0.34 AC

Property size (Sq ft)

1,771 SF

Property type

Office properties

Property subtype

Other office properties

APN

105-09-015J

APU

10509015J

Description

This exceptional 1,800-square-foot executive office building in Tucson, Arizona, presents a unique owner-user opportunity. Located at 4615 N 1st Ave, in the desirable Tucson Mall trade area, this Class B property boasts excellent visibility with prominent First Avenue frontage. The fee-simple ownership includes ample parking (4.6 spaces per 1,000 sq ft) and no owner's association dues. The TR zoning permits versatile uses, including office, medical, or light retail. Multiple access points enhance convenience. An ALTA survey and Phase One environmental report are available. The property features almost all month-to-month or short-term leases, providing flexibility for a buyer to occupy the space or establish a long-term income stream. The building sits at the base of the foothills near River Road and benefits from a proposed First Avenue widening project that may include pedestrian improvements. The asking price is $315,000, or $175 per square foot. Various unit sizes are available, with the potential to combine smaller buildings if needed. This presents a rare chance to acquire an affordable, versatile commercial property in a prime Tucson location. The APN is 105-09-015J.

• CAP approach

  CAP return

  Valuation

  6%

  $293,522

  6.5%

  $270,944

  7%

  $251,591

• Comparable approach

  Method

  Valuation

  Relative Method

  $294,694

  Geo Method

  $294,694

• Alternative Use

  Use

  Valuation

  Residential

  $335,970

  Hospitality

  $307,747

  Educational

  $256,042

  Medical

  $264,848

  Retail

  $398,287

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2913

Longitude

-110.962

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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