329 Grant RdTucson, AZ 85705

Property Details for 329 Grant Rd

Year built

1963

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

3,040 SF

Property type

Retail properties

Property subtype

Retail space

APN

107-14-3370

APU

107143370

Description

This exceptional 3,000 square foot commercial property, located at 329 E Grant Rd in Tucson, Arizona, presents a compelling investment opportunity. The single-story, 1963-built building sits on a 0.27-acre lot and boasts a Fee Simple ownership. Currently operating at 100% occupancy with a gross monthly rental income of $3,500, this property offers immediate cash flow. The C-2 zoning allows for flexible commercial uses, including flex space, storefront retail, and traditional office space. Situated on a high-traffic corridor of Grant Road, experiencing approximately 25,000-30,000 vehicles daily, this property benefits from excellent visibility and accessibility. The property's location within a thriving commercial area, surrounded by established businesses, further enhances its investment appeal. The building's 3,000 square feet presents potential for future subdivision and subletting, maximizing rental income. This is a rare opportunity to acquire a well-located, income-producing commercial property in a desirable Tucson location. The APN is 107-14-3370. This mixed-use property is classified as Class C.

• CAP approach

  CAP return

  Valuation

  6%

  $773,656

  6.5%

  $714,144

  7%

  $663,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,274,757

  Geo Method

  $1,274,757

• Alternative Use

  Use

  Valuation

  Residential

  $602,408

  Hospitality

  $551,802

  Educational

  $459,093

  Medical

  $474,882

  Retail

  $714,144

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2506

Longitude

-110.967

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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