1030 Prince RdTucson, AZ 85705

Property Details for 1030 Prince Rd

Year built

1976

Construction

CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

2,604 SF

Property type

Self service car washes

APN

106-06-029C

APU

10606029C

Description

This exceptional investment opportunity presents a fee-simple 0.24-acre car wash located at 1030 W Prince Rd, Tucson, AZ 85705 (APN 106-06-029C). The property, zoned C-1, features a single building housing a fully operational car wash with five manual washing bays, eight drying spaces, and functional vacuum systems (currently under maintenance). A vending machine is also included. Daily traffic counts from Pima County indicate approximately 25,000-30,000 vehicles pass by, ensuring high visibility and potential for strong revenue generation. The property's significant investment appeal stems from its prime location within an incentive zone, fostering future growth opportunities. An added benefit is the adjacent 5-unit multi-family property, comprising one single-family residence, two mobile homes, and two RV spaces, generating an estimated annual gross income of $30,000 (assuming full occupancy with RVs at $500/month). An easement provides access to this adjacent property. The flexible C-1 zoning allows for diverse usage and development possibilities, making this a compelling opportunity for both experienced investors and those seeking a high-return venture with significant upside potential. The asking price for this unique property is $500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $662,698

  6.5%

  $611,721

  7%

  $568,027

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,091,930

  Geo Method

  $1,091,930

• Alternative Use

  Use

  Valuation

  Residential

  $516,010

  Hospitality

  $472,662

  Educational

  $393,249

  Medical

  $406,774

  Retail

  $611,721

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2723

Longitude

-110.99

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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