601 N Stone Avenue 2, Tucson, AZ 85705

$1,100,000
Property Type: Commercial Square Footage: 20,824 Lot Size (sq. ft.): 30 Status: Closed
Current Price: $1,100,000 List Date: 2/13/2007 Last Modified: 12/19/2024

Overview

Description

Large 2 story bldg. with 2 long term tenants w/street frontage on Stone & Fifth St. also full ally access. Located on new improved Stone Ave. Convenient to downtown. 4 rear parcels w/3 bldgs. Great potential growth area w/all the downtown redevelopment.

Listing Details MLS# 2627387

Address Information

Street #
601
Direction
N
Street Name
Stone
Suffix
Avenue
Apt/Unit #
2
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
117-04-141A
Area
Central
Tax Year
2006
Taxes
14500
Assessments
0
Legal Description
Lots 9 & 12 Blk S2 City of Tucson +4 Rear parcel on Ninth & Fifth.
Municipality/Zoning
Tucson - C3
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Retail
# Units
2
Year Built
1968
Lot Dimensions
252x185x252x185
Lot Acres
1.07
Lot Sqft
46609
Lot Size Source
Assessor
Combined SqFt
20824
Source of SqFt
Assessor
List Price/SqFt
67.23
Lot Size Price/SqFt
30.03

Property Features

Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Terms: Cash; Conventional Property Disclosures: Unknown

Status Change Info

Off Market Date
2007-03-27
Pending Date
2007-02-28
Sold Date
2007-03-27
Sold Price/SqFt
52.82
Lot Sz Sold Prc/SqFt
23.6
Financing
Conventional

More Information

Showing Information

Directions
Broadway & Stone N-Stone to 601, Corner of Fifth Street.Rear bldg. fronts on Ninth & Fifth.

Income

Gross Scheduled Rent
125400
Adjusted Gross
125400
Total Expenses
26800
Net Opp Income
98600

Analysis

Cap Rate %
7.04
Gross Rent Multi
11.16
Exp/SqFt
1.28
Exp % of Gross
21.37

Expenses

Figures Presented
Actual
Insurance
12300
Taxes/Assessments
14500

Property Features

A.D.A. Compliant
No
Phase 1 Report
No

Electric

3 Phase Power
Yes
Amps
440
Master Meter
No

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes

Property Disclosures

Unknown
Yes
Listing Office: RE/MAX All Executives
IDX
Last Updated: December - 19 - 2024
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