8050 Tanque Verde RdTucson, AZ 85749

Property Details for 8050 Tanque Verde Rd

Year built

1952

Construction

FRAME

Lot size

9.21 AC

Property size (Sq ft)

1,262 SF

Property type

Investment properties

Property subtype

Live-work space

APN

114-50-005B

APU

11450005B

Description

This exceptional 9.31-acre development site presents a unique opportunity in Tucson, Arizona. Situated at the southeast corner of Tanque Verde Road and Woodland Road, this property enjoys a highly visible location at the entrance to the desirable Tanque Verde Valley. The land is zoned for Suburban Ranch development, catering to mid-to-upper-end residential projects. Its location on a high-traffic arterial road ensures excellent visibility and accessibility. The property boasts two convenient access points, one on Tanque Verde Road and another on Woodland Road. Adding to its appeal, this beautiful site is adjacent to the Pantano Wash, offering scenic views. Furthermore, riverbank protection measures are already in place, supported by a recently completed hydrology report. The property's APN is 114-50-005B, and the asking price is $2,250,000. This is a remarkable opportunity to develop a prestigious residential community in a highly sought-after area of northeast Tucson, within Pima County, zip code 85749. The property's coordinates are 32.2566565 latitude and -110.818192 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $125,044

  6.5%

  $115,425

  7%

  $107,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $209,997

  Geo Method

  $209,997

• Alternative Use

  Use

  Valuation

  Residential

  $143,127

  Hospitality

  $131,104

  Educational

  $109,077

  Medical

  $112,828

  Retail

  $169,675

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2569

Longitude

-110.818

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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