1330 2Nd AveTucson, AZ 85713

  • Retail properties
  • 0.17 AC
For Sale
$398,000 View listing

Property Details for 1330 2Nd Ave

Year built
2003
Construction
STEEL FRAME
Lot size
0.17 AC
Property type
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,420,373
    6.5%
    $1,311,113
    7%
    $1,217,462
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,019,162
    Geo Method
    $3,019,162
  • Alternative Use

    Use
    Valuation
    Residential
    $1,105,973
    Hospitality
    $1,013,066
    Educational
    $842,859
    Medical
    $871,846
    Retail
    $1,311,113
1330 2Nd Ave, Tucson, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$2,592
$2,465
$5,057
-
$14,400
$13,692
$28,092

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