5850 Broadway BlvdTucson, AZ 85711

Property Details for 5850 Broadway Blvd

Year built

1982

Construction

FRAME

Lot size

10.10 AC

Property size (Sq ft)

153,511 SF

Property type

Super regional malls

APN

128-01-005F

APU

12801005F

Description

This exceptional 440,130 square foot retail property presents a significant investment opportunity in Tucson, Arizona. Strategically located at 5850 East Broadway Boulevard, this asset boasts a prime position within the bustling Park Place Mall area, a major retail hub at the intersection of Broadway Boulevard and Wilmot Road. The property benefits from a diverse tenant mix, encompassing restaurants, retail establishments, and service businesses, creating a vibrant and thriving commercial environment. The C-3 zoning allows for a wide range of potential uses, presenting exciting redevelopment possibilities for a forward-thinking investor. This substantial space offers unparalleled potential for significant returns, capitalizing on the high traffic volume and established commercial presence of this highly sought-after location in Pima County. The property's size and location make it ideal for a large-scale retail development or a portfolio addition for a seasoned investor seeking a high-impact asset in a dynamic market. Its address is 5850 East Broadway Boulevard, Tucson, AZ 85711. The property's coordinates are 32.2198683 latitude and -110.8675234 longitude. This is a rare opportunity to acquire a substantial retail property in a prime location with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $39,067,364

  6.5%

  $36,062,184

  7%

  $33,486,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $64,371,460

  Geo Method

  $64,371,460

• Alternative Use

  Use

  Valuation

  Residential

  $30,419,800

  Hospitality

  $27,864,374

  Educational

  $23,182,832

  Medical

  $23,980,124

  Retail

  $36,062,184

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2194

Longitude

-110.868

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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