376 Stone AveTucson, AZ 85701

Property Details for 376 Stone Ave

Year built

1925

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

6,287 SF

Property type

Office properties

APN

117-14-1040

APU

117141040

Description

This exceptional 6,287 square foot single-tenant office building, located at 376 S Stone Ave in Tucson, Arizona, presents a unique investment opportunity. Built in 1925, this Class C property boasts a rich history and is situated in the vibrant Barrio Viejo neighborhood. The building features a single story, encompassing a total of 6,287 square feet of usable space. Its traditional office layout offers flexibility for various business needs, potentially allowing for division to accommodate multiple tenants. A key feature is a tranquil central courtyard, providing a pleasant and professional atmosphere. Ample on-site parking is available for employees and clients, enhancing convenience. The property is zoned HC-3 and its Pima County APN is 117-14-1040. This historic building offers a distinguished address and a unique setting for businesses seeking a memorable and functional workspace in the heart of Tucson. The property's location in the historic district provides a strong sense of place and character, attracting businesses that value a unique and established environment. This is a rare opportunity to acquire a substantial office building with significant potential in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,088,431

  6.5%

  $1,004,705

  7%

  $932,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,046,157

  Geo Method

  $1,046,157

• Alternative Use

  Use

  Valuation

  Residential

  $1,245,834

  Hospitality

  $1,141,178

  Educational

  $949,446

  Medical

  $982,099

  Retail

  $1,476,917

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2166

Longitude

-110.971

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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