1011 N Craycroft Road, Tucson, AZ 85711

$2,550,000
Property Type: Commercial Square Footage: 27,072 Lot Size (sq. ft.): 30 Status: Closed
Current Price: $2,550,000 List Date: 7/21/2025 Last Modified: 4/14/2026

Overview

Description

Value Add or owner user investment opportunity. Multi-tenant medical and professional office complex anchored by LabCorp and Southern Arizona Endodontics. 5590 sf available to be backfilled for value add or occupied by an owner looking to office space and an investment

Listing Details MLS# 22503480

Address Information

Street #
1011
Direction
N
Street Name
Craycroft
Suffix
Road
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
127-02-2790
Area
Central
Tax Year
2024
Taxes
47427.49
Assessments
366171
Taxes For
Building & Land
Legal Description
MITMAN LOT 6 LESS E20' FOR RD & LOT 7 & LOT 8 EXC W17' BLK 4
Development Name
Craycroft Plaza
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Professional/Office
Construction Status
Existing
# Units
12
Total Parking
111
Multi-Tenant
Yes
Year Built
1959
Lot Dimensions
600x575 ft
Lot Acres
2.17
Lot Sqft
96942
Lot Size Source
Assessor
Combined SqFt
27072
Source of SqFt
Assessor
Leasable SqFt
5590
List Price/SqFt
110.63
Lot Size Price/SqFt
30.89

Property Features

Construction: Brick Roof: Built-Up Fenced Storage: No Main Cooling: Central Air Main Heating: Heat Pump Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: Entry; Level; Wide Hallways Fence: None Landscape - Front: Decorative Gravel; Natural Desert; Shrubs; Trees Landscape - Rear: Trees Road Type: Chip/Seal; Paved Parking: Free; Paved Parking Business Location: Business Park; Office/Professional Terms: Cash; Conventional Submit With Offer: Proof of Funds

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2026-01-29
Pending Date
2026-04-10
Sold Date
2026-04-14
Sold Price/SqFt
94.19
Lot Sz Sold Prc/SqFt
26.3
Financing
Cash Owner Carryback

More Information

Income

Gross Scheduled Rent
365034
Net Opp Income
213734.97

Analysis

Cap Rate %
7.13
Vacancy Rate %
20

Expenses

Figures Presented
Actual
Insurance
9712.19
Taxes/Assessments
47427.49
Other Expenses
94059.35

Unit Information

Office
Business Park

Electric

Electric Company
TEP

Parking

Other
111 parking spots
Free
Yes
Paved Parking
Yes

Sold Info

Est. Closing Date
2026-04-14
Seller Concessions
20000

Gas

None
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Fence

None
Yes

Road Type

Chip/Seal
Yes
Paved
Yes

Fenced Storage

No
Yes

Main Cooling

Central Air
Yes

Main Heating

Heat Pump
Yes

Water Heater

Electric
Yes

Terms

Cash
Yes
Conventional
Yes

Submit With Offer

Proof of Funds
Yes

Accessibility Option

Entry
Yes
Level
Yes
Wide Hallways
Yes

Landscape - Front

Decorative Gravel
Yes
Natural Desert
Yes
Shrubs
Yes
Trees
Yes

Landscape - Rear

Trees
Yes

Business Location

Business Park
Yes
Office/Professional
Yes
Listing Office: Larsen Baker, LLC
IDX
Last Updated: April - 14 - 2026
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