1500 Oracle RdTucson, AZ 85705

Property Details for 1500 Oracle Rd

Year built

1963

Construction

FRAME

Lot size

0.37 AC

Property size (Sq ft)

1,909 SF

Property type

Automotive properties

APN

115-07-2480

APU

115072480

Description

This exceptional owner-user opportunity presents a 2,164 square foot auto shop ideally situated on a 0.37-acre corner lot at 1500 N Oracle Rd, Tucson, AZ 85705. The property boasts a 1,909 square foot retail building seamlessly integrated with a 1,054 square foot workshop complete with a paint booth. The layout includes an open showroom and office area directly connected to the service bay, ensuring efficient workflow. Ample parking is provided with 18 spaces, including covered options, enhancing customer convenience. Additional features include a prominent monument sign, a high-clearance metal storage shed, and excellent frontage on Oracle Road, ensuring high visibility. Built in 1963, this single-story building sits on a C-3 zoned lot, offering flexibility for various automotive-related businesses. Its proximity to downtown Tucson and convenient I-10 access further enhances its appeal. The asking price is $2,000,000, translating to $924.21 per square foot. This fee-simple ownership opportunity presents a compelling investment for an established or aspiring automotive entrepreneur seeking a turnkey operation in a high-traffic area. The property's features, location, and zoning make it an attractive proposition for a variety of uses within the automotive sector. Don't miss this chance to acquire a well-established business in a thriving Tucson location.

• CAP approach

  CAP return

  Valuation

  6%

  $485,826

  6.5%

  $448,455

  7%

  $416,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $800,497

  Geo Method

  $800,497

• Alternative Use

  Use

  Valuation

  Residential

  $378,288

  Hospitality

  $346,510

  Educational

  $288,292

  Medical

  $298,207

  Retail

  $448,455

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2408

Longitude

-110.978

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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