325 University BlvdTucson, AZ 85705

Property Details for 325 University Blvd

Year built

1916

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

4,143 SF

Property type

Retail properties

Property subtype

Retail space

APN

117-03-1840

APU

117031840

Description

This exceptional investment opportunity presents a portfolio of nine studio spaces totaling 6,295 square feet, situated on a 0.6-acre lot at 325 W University Blvd in Tucson, Arizona. The property, built in 1916, features three single-story buildings and benefits from C-3 zoning, allowing for a multitude of uses. Ideally located near I-10, downtown Tucson, the University of Arizona, Pima Community College, and the Gem Show, this property enjoys high visibility and accessibility. Each unit offers approximately 699 square feet of space. The property includes a large, open courtyard. The existing perimeter wall stands 15 feet high and 2 feet wide. This is an owner/user opportunity in an Opportunity Zone, presenting a unique chance to renovate and capitalize on the property's potential. The property's address is 325 W University Blvd, Tucson, AZ 85705, with APN numbers 117-03-1850 and 117-03-1840. The asking price is $1,200,000. This is a multi-tenancy property with significant upside potential for a savvy investor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,054,362

  6.5%

  $973,257

  7%

  $903,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,737,276

  Geo Method

  $1,737,276

• Alternative Use

  Use

  Valuation

  Residential

  $820,978

  Hospitality

  $752,012

  Educational

  $625,665

  Medical

  $647,183

  Retail

  $973,257

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2314

Longitude

-110.977

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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