5150 5Th StTucson, AZ 85711

  • Retail properties
  • 6,646 SF
For Sale
$1,800,000 View listing

Property Details for 5150 5Th St

Year built
1984
Construction
FRAME
Lot size
1.96 AC
Property size (Sq ft)
6,646 SF
Property type
Retail properties
APN
127-07-0080
APU
127070080

Description

This exceptional 7,429 square foot property, located at 5150 East 5th Street in Tucson, Arizona, presents a unique investment opportunity. Currently operating as a well-established Orthodox Synagogue complete with a Mikveh, this special purpose building sits on a generous 85,300 square foot lot in the desirable 85711 zip code. The asking price is $1,800,000, translating to $242 per square foot. The property boasts a central location with convenient "left in/left out" access, making it easily accessible for its congregation and visitors. The existing structure is exceptionally well-constructed and meticulously maintained. A significant advantage is the substantial excess land, representing only 8.7% lot coverage, offering considerable potential for future expansion or development. The property is zoned R1 (City of Tucson), providing flexibility for various uses within the permitted zoning guidelines. The property's APN is 127-07-0080. This is a rare opportunity to acquire a well-established, versatile property with significant growth potential in a prime Tucson location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,691,356
    6.5%
    $1,561,251
    7%
    $1,449,734
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,786,854
    Geo Method
    $2,786,854
  • Alternative Use

    Use
    Valuation
    Residential
    $1,316,974
    Hospitality
    $1,206,341
    Educational
    $1,003,662
    Medical
    $1,038,179
    Retail
    $1,561,251

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2286
Longitude
-110.883
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
-
$38,769
$124,927
$163,696
-
$258,459
$832,844
$1,091,303

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