4811 Grant RdTucson, AZ 85712

Property Details for 4811 Grant Rd

Year built

1986

Construction

FRAME

Lot size

3.25 AC

Property size (Sq ft)

34,440 SF

Property type

Retail space

APN

110-11-3620

APU

110113620

Description

Crossroads Festival, a Class A retail center in Tucson, Arizona, offers a prime opportunity for businesses seeking high-visibility locations. This 136,273 square foot multi-tenant property boasts a diverse range of spaces, ideal for various retail concepts. Currently, there are five suites available, ranging from 1,574 to 9,055 contiguous square feet, with a total of 18,238 square feet currently vacant. The property is zoned C-2, allowing for a variety of commercial uses. The center features ample parking, with a ratio of 9.510 spaces per 1,000 square feet. Located at 4811 E Grant Rd, Tucson, AZ 85712, this property benefits from high traffic counts and excellent visibility. Previous tenants include a fully built-out restaurant space (former Panera Bread) in a separate pad building, and office space on the second floor (former AZ Institute of Urology). This versatile property presents a unique opportunity to establish or expand your business in a thriving Tucson location. The property's diverse suite sizes and existing infrastructure make it an attractive option for a variety of businesses. The ample parking ensures convenient access for customers and employees. This is a rare opportunity to secure space in a well-established, high-traffic retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $8,764,714

  6.5%

  $8,090,506

  7%

  $7,512,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,441,656

  Geo Method

  $14,441,656

• Alternative Use

  Use

  Valuation

  Residential

  $6,824,644

  Hospitality

  $6,251,337

  Educational

  $5,201,039

  Medical

  $5,379,911

  Retail

  $8,090,506

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2519

Longitude

-110.89

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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