1037 Alvernon WayTucson, AZ 85711

Property Details for 1037 Alvernon Way

Year built

1980

Construction

FRAME

Lot size

0.65 AC

Property size (Sq ft)

2,201 SF

Property type

Medical offices

Property subtype

Medical space

APN

126-18-075B

APU

12618075B

Description

This exceptional 5,000-square-foot retail property, located at 1037 South Alvernon Way in Tucson, Arizona, presents a unique leasing opportunity. Built in 1980 and zoned O3, this multi-tenant building offers flexible space options. Currently, the entire 5,000 square feet is vacant and available for lease. The property is ideally suited for businesses requiring a minimum of 2,500 square feet, with a maximum contiguous space of 2,500 square feet. This allows for either a single tenant to occupy the entire space or the possibility of dividing the space into two 2,500-square-foot units. The property's prime location in Pima County, with easy access to major thoroughfares, ensures high visibility and convenient access for customers and employees. This versatile space is perfect for a variety of retail or office uses, offering a strong foundation for business growth in a thriving Tucson neighborhood. The property's 1980 construction provides a solid structure, ready for immediate occupancy and customization to meet specific business needs. Interested parties should inquire about lease terms and conditions. The zip code is 85711.

• CAP approach

  CAP return

  Valuation

  6%

  $381,046

  6.5%

  $351,735

  7%

  $326,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $366,246

  Geo Method

  $366,246

• Alternative Use

  Use

  Valuation

  Residential

  $436,151

  Hospitality

  $399,512

  Educational

  $332,389

  Medical

  $343,821

  Retail

  $517,050

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2084

Longitude

-110.909

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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