901 Prince RdTucson, AZ 85705

  • Strip malls
  • 26,557 SF
For Lease
$9/SF/YR View listing

Property Details for 901 Prince Rd

Year built
1979
Construction
FRAME
Lot size
2.28 AC
Property size (Sq ft)
26,557 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
106-07-001F
APU
10607001F

Description

Prince Fairview Plaza presents a compelling investment opportunity in a high-traffic location. This single-story, 26,674 square foot shopping center, built in 1979, offers immediate access to the I-10 Freeway via a signalized intersection, ensuring excellent visibility and convenient ingress/egress. The property is classified as Class C and zoned C-2, providing flexibility for a variety of retail or office uses. Currently, the center features two suites, with 5,562 square feet of vacant space available for lease. Units are divisible to a minimum of 1,750 square feet and can accommodate contiguous spaces up to 3,500 square feet. The center benefits from a strong anchor tenant, AutoZone, further enhancing its appeal and attracting a steady stream of customers. This property is ideal for businesses seeking high visibility and convenient access to a major transportation artery in Pima County. The building's single-story design and ample parking provide ease of access for both customers and employees. The available space presents a unique chance to establish or expand a business in a well-established commercial area. The property's strategic location and existing infrastructure make it an attractive option for businesses seeking a strong foothold in a thriving market. This is a rare opportunity to acquire a well-positioned retail space with significant potential for growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,758,552
    6.5%
    $6,238,663
    7%
    $5,793,044
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,136,094
    Geo Method
    $11,136,094
  • Alternative Use

    Use
    Valuation
    Residential
    $5,262,546
    Hospitality
    $4,820,464
    Educational
    $4,010,569
    Medical
    $4,148,499
    Retail
    $6,238,663

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2715
Longitude
-110.987
CBSA code
46060
CBSA name
TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,489
$107,306
$155,609
$262,915
-
$596,142
$864,493
$1,460,635

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