3990 Stone AveTucson, AZ 85705

Property Details for 3990 Stone Ave

Year built

1989

Construction

FRAME

Lot size

0.51 AC

Property size (Sq ft)

2,460 SF

Property type

Grocery and convenience stores

APN

106-02-043C

APU

10602043C

Description

This exceptional 22,216 square foot commercial land parcel, located at 3990 N. Stone Avenue in Tucson, Arizona (zip code 85705), presents a unique investment opportunity. The property is zoned C-1 by the City of Tucson, offering a wide range of potential commercial uses. Its convenient location on the site of a former Circle K convenience store provides excellent visibility and accessibility. The lot size is substantial, allowing for ample development potential. The property's APN is 106-02-043C. With a parking ratio of 6.93 spaces per 1,000 square feet, ample parking can be accommodated within any development plan. Situated in Pima County, this property benefits from the robust commercial activity in the Tucson area. The precise latitude and longitude coordinates are 32.2789498, -110.9717364 respectively. This is a rare chance to acquire a well-positioned commercial lot in a thriving Arizona market. Serious inquiries are encouraged to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $626,051

  6.5%

  $577,893

  7%

  $536,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,031,547

  Geo Method

  $1,031,547

• Alternative Use

  Use

  Valuation

  Residential

  $487,475

  Hospitality

  $446,524

  Educational

  $371,503

  Medical

  $384,279

  Retail

  $577,893

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2789

Longitude

-110.972

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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