8975 Tanque Verde RdTucson, AZ 85749

Property Details for 8975 Tanque Verde Rd

Year built

1982

Construction

FRAME

Lot size

2.81 AC

Property size (Sq ft)

29,790 SF

Property type

Retail space

APN

114-51-2070

APU

114512070

Description

This exceptional retail opportunity is located within the highly desirable Bear Canyon Shopping Center in Tucson, Arizona. Situated at 8975 E Tanque Verde Road, at the Northwest corner of Tanque Verde Road and Catalina Highway, this strip center offers two available spaces ranging from 1,400 to 1,950 square feet. The center boasts a strong tenant mix, including a Goodwill Superstore and The Bloc, an indoor climbing and recreational facility, ensuring high foot traffic. Further enhancing its appeal is the presence of a Pima County Library branch, attracting a consistent flow of visitors. Located in the affluent Tanque Verde Valley, one of Tucson's highest-income areas, this property benefits from a limited supply of commercial zoning, making it a rare and valuable asset. The center recently underwent exterior renovations, presenting a modern and attractive storefront. The property is zoned C-1 and C-2 by the City of Tucson and enjoys convenient access from three major arterial roads. Competitive rental rates and triple net charges make this an attractive investment for retailers or service businesses seeking a prime location in a thriving community with limited commercial space. This is a unique opportunity to establish a presence in a high-traffic, high-income area with strong existing anchors.

• CAP approach

  CAP return

  Valuation

  6%

  $4,339,017

  6.5%

  $4,005,246

  7%

  $3,719,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,491,781

  Geo Method

  $12,491,781

• Alternative Use

  Use

  Valuation

  Residential

  $3,378,576

  Hospitality

  $3,094,757

  Educational

  $2,574,802

  Medical

  $2,663,353

  Retail

  $4,005,246

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2598

Longitude

-110.8

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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