1330 2Nd AveTucson, AZ 85713

Property Details for 1330 2Nd Ave

Year built

2003

Construction

STEEL FRAME

Lot size

0.17 AC

Property type

Retail properties

APN

118-12-1600

APU

118121600

Description

This exceptional 3,898 square foot church building presents a unique investment opportunity in Tucson, Arizona. Located at 1330 S 2nd Ave, this property boasts a nostalgic mission-style design and is situated on a substantial 14,700 square foot lot. The asking price is $398,000, translating to $102.10 per square foot. The building is constructed of masonry, ensuring durability and longevity. Recent upgrades include a complete electrical system overhaul, a new HVAC system, and other improvements enhancing functionality and efficiency. The property is zoned City of Tucson R2 (Med Density Residential), offering potential for various uses subject to city approvals. Its central location near the intersection of 22nd Street and I-10 provides excellent accessibility and visibility. The property's APN is 118-12-1600 & -1590. This meticulously maintained building offers a blend of historical charm and modern functionality, making it an ideal acquisition for religious organizations or those seeking a unique adaptive reuse project. The property's size and location make it a highly desirable asset in the Tucson market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,196,230

  6.5%

  $1,104,210

  7%

  $1,025,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,246,000

  Geo Method

  $1,246,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,254,100

  Mixed-Use / Specialty

  $1,059,550

  Hospitality / Lodging

  $724,334

  Office

  $1,010,840

  Institutional / Educational

  $1,086,950

  Residential Income

  $1,271,730

  Multifamily

  $1,751,020

  Automotive / Energy

  $931,670

  Parking / Income-Based Land

  $361,744

  Restaurant / Food Service

  $464,163

  Healthcare / Senior Housing

  $1,128,310

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.205

Longitude

-110.963

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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