1650 Fort Lowell RdTucson, AZ 85719

Property Details for 1650 Fort Lowell Rd

Year built

1986

Construction

FRAME

Lot size

1.72 AC

Property size (Sq ft)

10,904 SF

Property type

Office properties

APN

113-07-137A

APU

11307137A

Description

Fontana Plaza, located at 1650 E Fort Lowell Rd, Tucson, AZ 85719, presents a compelling investment opportunity. This exceptional office campus comprises three single-story buildings totaling 19,495 square feet of net rentable space, situated on a 75,132 square foot lot. The property, built in 1986 and classified as Class B, boasts a desirable location with excellent visibility from Fort Lowell Road and convenient access from both Fort Lowell Road and Cherry Avenue. The campus features a functional layout, ample parking (4.85 spaces per 1,000 sq ft), and a fully enclosed gated facility ensuring security. The asking price is $3,000,000, translating to $153.89 per square foot. The property is currently vacant, offering immediate occupancy for a new owner or tenant. Zoned C-1 by the City of Tucson, this property presents a versatile opportunity for various office uses. The attractive campus setting and proximity to numerous amenities make this a highly desirable location for businesses seeking a professional and convenient workspace. The APN is 113-07-137A. This is a rare opportunity to acquire a well-maintained, strategically located office campus in a thriving Tucson market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,887,744

  6.5%

  $1,742,533

  7%

  $1,618,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,814,426

  Geo Method

  $1,814,426

• Alternative Use

  Use

  Valuation

  Residential

  $2,160,741

  Hospitality

  $1,979,227

  Educational

  $1,646,694

  Medical

  $1,703,326

  Retail

  $2,561,524

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2643

Longitude

-110.947

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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