2601 Fairview AveTucson, AZ 85705

  • Office properties
  • 6,131 SF
For Sale
$1,395,000 View listing

Property Details for 2601 Fairview Ave

Year built
1979
Construction
FRAME
Lot size
1.73 AC
Property size (Sq ft)
6,131 SF
Property type
Office properties
APN
107-07-003F
APU
10707003F

Description

This exceptional investment opportunity presents a 6,923-square-foot industrial property located at 2601 N Fairview Ave, Tucson, AZ 85705. The property, built in 1979 and renovated in 2005, features a Class B building situated on a substantial 75,458-square-foot lot. The property includes a 6,131-square-foot office building with numerous offices and a glass-walled conference room, complemented by 729 square feet of additional storage space and canopies. A fully enclosed and secured yard, enhanced by an automated gate and secure fencing, provides ample storage. A masonry storage building with a roll-up door adds to the property's functionality. The property boasts a 9-foot ceiling height and is conveniently located near the Interstate 10 onramp at Grant Road, offering excellent accessibility. Currently vacant, this single-unit property is zoned I-1 and is offered at $1,395,000 ($201.50 per square foot). The property consists of two buildings, each one story, and has no loading docks. This is a rare opportunity to acquire a well-maintained industrial property with significant office space and secure yard space in a prime Tucson location. The property's features and location make it ideal for a variety of uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,061,423
    6.5%
    $979,775
    7%
    $909,791
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,020,198
    Geo Method
    $1,020,198
  • Alternative Use

    Use
    Valuation
    Residential
    $1,214,921
    Hospitality
    $1,112,862
    Educational
    $925,888
    Medical
    $957,730
    Retail
    $1,440,270

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2541
Longitude
-110.988
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
$12,920
$30,560
$102,222
$132,782
-
$169,780
$567,902
$737,682

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