2501 E Elm Street, Tucson, AZ 85716 (MLS# 21719646)

2501 E Elm Street, Tucson, AZ 85716

$825,000

Main Building / Unit #1. Actual address is 2501 E. Elm Street. There is another entrance on the North side, facing the parking lot.

WAS FORMERLY PRIMARILY USED FOR LAB EQUIPMENT WITH PERIMETER OFFICES AND WORK AREAS

THERE ARE SEVERAL UNFINISHED STORAGE AREAS

THERE ARE SEVERAL PATIO AREAS SURROUNDING THE EXTERIOR OF THE BUILDING.

Property Type: Commercial Square Footage: 10,020 Lot Size (sq. ft.): 34 Status: Closed

Current Price: $825,000 List Date: 7/25/2017 Last Modified: 12/09/2024

Description

Great very convenient central location. Close to U of A and Banner-UMC Hospital with easy access to downtown. This building had multiple system upgrades in 2007 and is fully sprinklered with a security system. The last occupant was a laboratory group with some administrative offices. The building has been divided into up to three separate tenant spaces in the past. This building and the smaller building to the north are both available for sale or lease.

More Information MLS# 21719646

Address Information

Country: USA Street #: 2501 Direction: E Street Name: Elm Suffix: Street State/Province: AZ Zip Code: 85716 County: Pima

Location, Tax & Legal

Tax Year: 2018 Taxes: 22730 Assessments: 0 Taxes For: Building & Land Legal Description: Portions of Block 11 and 24 of New Deal Acres (incomplete legal desc). Municipality/Zoning: Tucson - B1 Fire Protection: Included in Taxes FEMA Flood Zone: No Municipal Flood Zone: No Tax Code: 123-02-288A Area: Central

Contract Information

Method of Title: Fee (Simple) Short Sale: No Current Price: $825,000 Sold Price: $825,000 Listing Date: 2017-07-24 Status: Closed

Status Change Info

Off Market Date: 2019-08-06 Sold Price/SqFt: 82.34 Lot Sz Sold Prc/SqFt: 26.19 Financing: Cash Owner Carryback Pending Date: 2019-10-08 Sold Date: 2019-10-22 Sold Price: $825,000

Showing Information

Directions: FROM SPEEDWAY, N ON TUCSON BLVD TO ADDRESS (NE CORNER OF TUCSON/ELM)

General Property Information

Property Sub-Type: Professional/Office Construction Status: Existing # Units: 1 Lot Dimensions: Multiple Lot Acres: 0.72 Lot Sqft: 31506 Multi-Tenant: Yes Lot Size Source: Assessor Source of SqFt: Assessor List Price/SqFt: 109.78 Lot Size Price/SqFt: 34.91 Year Built: 1964 Combined SqFt: 10020

Electric

3 Phase Power: Yes Electric Company: Tucson Electric Master Meter: Yes

Income

Total Expenses: 39753 Gross Scheduled Rent: 120240

Gas

Natural: 1

Analysis

Gross Rent Multi: 11.39 Exp/SqFt: 3.97 Exp % of Gross: 33 Cap Rate %: 5.87

Construction

Masonry Stucco: 1

Expenses

Admin Expenses: 0 Captial Expenses: 0 Contract Services: 0 Figures Presented: Proforma Gas/Electric: 0 Insurance: 2525 Maintenance Supplies: 4800 Management: 7214 Resident Manager: 0 Taxes/Assessments: 25214 Water/Sewer: 0 Other Expenses: 0

Sewer

Connected: 1

Unit Information

Office: Office Building Other: Previously Was A Lab

Roof

Built-Up: 1

Water

Public: 1

Property Features

A.D.A. Compliant: Yes Conference Room: 1 Drop Ceiling: 1 Fire Sprinklers: 1 Phase 1 Report: Yes Smoke Detector: 1 Storage: 1

Fence

Block: 1

Road Type

Paved: 1

Lot Features

Corner Lot: 1

Main Cooling

Zoned: 1

Main Heating

Forced Air: 1 Natural Gas: 1

Water Heater

Electric: 1

Terms

Cash: 1 Conventional: 1 Exchange: 1 For Rent: 1 Owner Carry: 1 Submit: 1

Submit With Offer

Digital Signature Accepted: 1 Earnest Check: 1 Loan Pre-Qualifiaction: 1 Proof of Funds: 1

Accessibility Option

Ramped Main Level: 1

Security

Alarm Installed: 1

Sold Info

Est. Closing Date: 2019-10-22 Seller Concessions: 0

Landscape - Front

Low Care: 1

Landscape - Rear

None: 1

Parking

# Covered Parking: 1 Parking Lights: 1 Paved Parking: 1

Business Location

Corner Lot: 1 Free Standing Bldg: 1 Office/Professional: 1 Traffic Signal: 1

Freeway/Highway

2.1 - 5 Mile: 1

Traffic Count

Unknown: 1

Possession

Immediate: 1

Property Disclosures

Floor Plan: 1 Unknown: 1

Special Conditions

None: 1

Remarks Misc

Geo Lat: 32.243025 Geo Lon: -110.935042

Property Features

Property Features: Conference Room; Drop Ceiling; Fire Sprinklers; Smoke Detector; Storage Construction: Masonry Stucco Roof: Built-Up Main Cooling: Zoned Main Heating: Forced Air; Natural Gas Water Heater: Electric Gas: Natural Sewer: Connected Water: Public Accessibility Option: Ramped Main Level Security: Alarm Installed Fence: Block Landscape - Front: Low Care Landscape - Rear: None Road Type: Paved Parking: Parking Lights; Paved Parking Lot Features: Corner Lot Business Location: Corner Lot; Free Standing Bldg; Office/Professional; Traffic Signal Traffic Count: Unknown Terms: Cash; Conventional; Exchange; For Rent; Owner Carry; Submit Possession: Immediate Submit With Offer: Digital Signature Accepted; Earnest Check; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Floor Plan; Unknown Special Conditions: None

Documents

Lead Paint Disclosure ›

Building Floor Plan ›

Listing Office: Advanced Capital Realty, Inc.

Last Updated: December - 09 - 2024

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