1980 Fort Lowell RdTucson, AZ 85719

  • Office properties
  • 3,926 SF
For Sale
$1,895,000 View listing

Property Details for 1980 Fort Lowell Rd

Year built
2002
Construction
FRAME
Lot size
0.62 AC
Property size (Sq ft)
3,926 SF
Property type
Office properties
APN
112-05-047B
APU
11205047B

Description

This exceptional Class A office building, located at 1980 E Fort Lowell Rd in Tucson, Arizona, offers 8,054 square feet of prime executive office space currently available for lease. Built in 2003, the two-story building boasts a modern design and is situated on a convenient location in Pima County, zip code 85719. The property is zoned O-2 and features ample parking with 32 spaces available for tenants and visitors. High-speed internet access and elevators are included. The space is divisible, with a minimum leasable area of 4,027 square feet and a maximum contiguous space of 4,027 square feet. This presents an excellent opportunity for a single tenant seeking a substantial space or multiple tenants looking for smaller, yet high-quality, executive suites. The building's modern amenities and convenient location make it an ideal choice for businesses seeking a professional and efficient workspace. The property's APN is 112-05-047B. This is a multi-tenant building with all 8,054 square feet currently vacant. The property offers a blend of functionality and prestige, making it an attractive option for discerning businesses. Inquire today to learn more about leasing opportunities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $679,685
    6.5%
    $627,401
    7%
    $582,587
  • Comparable approach

    Method
    Valuation
    Relative Method
    $653,286
    Geo Method
    $653,286
  • Alternative Use

    Use
    Valuation
    Residential
    $777,978
    Hospitality
    $712,623
    Educational
    $592,894
    Medical
    $613,285
    Retail
    $922,280

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2643
Longitude
-110.942
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
$22,930
$33,851
$208,229
$242,080
-
$188,062
$1,156,828
$1,344,890

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