2475 Water StTucson, AZ 85719

Property Details for 2475 Water St

Year built

1959

Construction

FRAME

Lot size

0.88 AC

Property size (Sq ft)

6,900 SF

Property type

Retail space

APN

112-06-4260

APU

112064260

Description

This exceptional 6,900-square-foot free-standing office building presents a unique opportunity for a single tenant. Completely renovated in 2014, the property boasts a highly functional layout ideal for a variety of executive office uses. The space includes 18 individual offices, a sizable conference room perfect for meetings and presentations, a large open bull pen area for collaborative work, and a spacious training room suitable for employee development or client workshops. Accessibility is ensured with ADA-compliant restrooms. Employee comfort is further enhanced by a large breakroom equipped with a dishwasher. The building sits on a single story and is zoned as Tucson C2. Ample parking is provided with 40 spaces, a significant advantage in a busy urban setting. Its central location offers easy access to the University of Arizona, Banner University Medical Center, and a wealth of shopping and dining options, making it highly attractive to employees and clients alike. The property features a base rent of $15 per square foot annually, with a triple net (NNN) lease estimated at an additional $5.50 per square foot annually. The Assessor's Parcel Number (APN) is 112-06-4260. This is a turnkey solution for a business seeking a prestigious and well-equipped office environment in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,755,997

  6.5%

  $1,620,920

  7%

  $1,505,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,893,363

  Geo Method

  $2,893,363

• Alternative Use

  Use

  Valuation

  Residential

  $1,367,307

  Hospitality

  $1,252,446

  Educational

  $1,042,020

  Medical

  $1,077,857

  Retail

  $1,620,920

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2524

Longitude

-110.936

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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