4805-4897 E Speedway Boulevard, Tucson, AZ 85712

$3,500,000
Property Type: Commercial Square Footage: 44,653 Lot Size (sq. ft.): 52 Status: Closed
Current Price: $3,500,000 List Date: 12/05/2023 Last Modified: 12/23/2024

Overview

Description

Pinecrest Shopping Center is located on Speedway Blvd, a major east/west artery in central Tucson. Entire center has excellent signage exposure. Heavy traffic volume area at 34,101 cars per day. All leases full triple net (NNN). 7.5% CAP. Pro-Forma is 8.5% CAP. Current NOI $292.788.

Listing Details MLS# 22326187

Address Information

Street #
4805-4897
Direction
E
Street Name
Speedway
Suffix
Boulevard
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
121-11-3250
Area
Central
Tax Year
2023
Taxes
61578.21
Assessments
0
Legal Description
Pinecrest Lot 9 Blk 4
Municipality/Zoning
Tucson - C2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Retail
Multi-Tenant
Yes
Year Built
1955
Lot Dimensions
Irreg.
Lot Acres
1.72
Lot Sqft
74802
Lot Size Source
Appraiser
Combined SqFt
44653
Source of SqFt
Owner
List Price/SqFt
87.34
Lot Size Price/SqFt
52.14

Property Features

Construction: Brick Roof: Built-Up Sewer: Connected Water: Public Road Type: Paved Parking: Public Parking Business Location: Commercial Strip Terms: Cash; Conventional Property Disclosures: Appraisal; Leases

Contract Information

Short Sale
No

Status Change Info

Off Market Date
2023-12-11
Pending Date
2024-01-31
Sold Date
2024-01-31
Sold Price/SqFt
78.38
Lot Sz Sold Prc/SqFt
46.79
Financing
Cash

More Information

Showing Information

Directions
From Speedway Blvd and Swan RD, proceed east to 4805-4897 E Speedway Blvd on the north side of the street.

Electric

Electric Company
TEP

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Road Type

Paved
Yes

Terms

Cash
Yes
Conventional
Yes

Sold Info

Seller Concessions
0

Parking

Public Parking
Yes

Business Location

Commercial Strip
Yes

Property Disclosures

Appraisal
Yes
Leases
Yes
Listing Office: Goldsmith Real Estate
IDX
Last Updated: December - 23 - 2024
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