5700 Palo Verde RdTucson, AZ 85706

Property Details for 5700 Palo Verde Rd

Year built

2000

Construction

STEEL FRAME

Lot size

1.92 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

140-31-2710

APU

140312710

Description

This exceptional 83,464 square foot commercial land parcel presents a unique owner-user or development opportunity in Tucson, Arizona. Located at 5700 S Palo Verde Road, this property boasts 264 feet of frontage on Drexel Road, offering excellent visibility and accessibility. The property is zoned MU (Pima County), allowing for a wide range of uses including, but not limited to, religious institutions, schools, parks, and manufactured home parks. The existing 4,119 square foot building, formerly used as a church or school, could be repurposed or demolished to accommodate a new development. The property's strategic location provides easy access to Interstate 10, ensuring convenient commutes and strong potential for attracting customers or residents. The high daytime population in the surrounding area further enhances the property's appeal. This offering presents a compelling investment opportunity, particularly given its potential for expansion. The adjacent parcel to the east is also available for purchase, creating the possibility of acquiring a significantly larger land area for a combined price of $1,395,000. The APN is 140-31-2710. This property is priced at $695,000.

• CAP approach

  CAP return

  Valuation

  6%

  $16,465,277

  6.5%

  $15,198,717

  7%

  $14,113,095

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,998,792

  Geo Method

  $34,998,792

• Alternative Use

  Use

  Valuation

  Residential

  $12,820,687

  Hospitality

  $11,743,680

  Educational

  $9,770,604

  Medical

  $10,106,630

  Retail

  $15,198,717

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.1483

Longitude

-110.918

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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