756 S 6Th Avenue S, Tucson, AZ 85701 (MLS# 21707294)

756 S 6Th Avenue S, Tucson, AZ 85701

$1,314,350

The Heart of the Barrio-exterior seating for 5 Points and Cafe Desta

5 Points Market & Restaurant- breakfast-lunch-market

5 Points Market-Seating at the front, Market at the rear

The Market-selling fresh produce and specialties for the neighborhood

Cafe Desta has closed kitchen and prep area

Bon- retail establishment selling one of

North Elevation of Building faces a park

Property Type: Commercial Square Footage: 6,500 Lot Size (sq. ft.): 186 Status: Closed

Current Price: $1,314,350 List Date: 3/16/2017 Last Modified: 12/09/2024

Overview

Description

This property is for the investor with a keen eye towards a phenomenal investment now and the future. The brick building consists of 3 storefronts each with a strong tenant- 2 restaurants-one with grocery and a retail shop operating under 5 year leases with options for an additional 5 years. Sit back and enjoy the rewards of the hard work by the present owners and watch the community thrive as investment in Tucson continues to revitalize the Downtown and the neighboring communities. The property is located at the boundaries of Barrio Viejo, Armory Park, and Barrio Santa Rosa.

Listing Details MLS# 21707294

Address Information

Street #: 756
Direction: S
Street Name: 6Th
Suffix: Avenue
Post Direction: S
State/Province: AZ
Zip Code: 85701
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 117-07-208A
Area: Central
Tax Year: 2016
Taxes: 9181.31
Assessments: 0
Legal Description: TUCSON LOT 12 & PTN ABAND RD ADJ BLK 121
Municipality/Zoning: Tucson - C3
Fire Protection: Included in Taxes

General Property Information

Property Sub-Type: Retail
# Units: 3
Year Built: 1928
Lot Dimensions: 66x90x80x137
Lot Acres: 0.2
Lot Sqft: 7525
Lot Size Source: Assessor
Combined SqFt: 6500
Source of SqFt: Assessor
List Price/SqFt: 215.38
Lot Size Price/SqFt: 186.05

Property Features

Construction: Brick Main Cooling: Central Air Main Heating: Heat Pump Sewer: Connected Water: Public Terms: Cash; Conventional Property Disclosures: Unknown

Status Change Info

Off Market Date: 2017-04-10
Pending Date: 2017-04-25
Sold Date: 2017-04-28
Sold Price/SqFt: 202.21
Lot Sz Sold Prc/SqFt: 174.66
Financing: Cash

More Information

Showing Information

Directions: From the North: South on Stone from Broadway Blvd to address. From the South: 22nd Ave to Stone north to address.

Income

Gross Scheduled Rent: 120698.38
Total Expenses: 53989.31
Net Opp Income: 67982.47

Analysis

Cap Rate %: 7.17
Exp/SqFt: 8.31
Vacancy Rate %: 0

Expenses

Admin Expenses: 5400
Captial Expenses: 32400
Contract Services: 5661.02
Figures Presented: Actual
Insurance: 1184.64
Taxes/Assessments: 9148.65
Other Expenses: 195
Gas/Electric: 0
Maintenance Supplies: 0
Management: 0
Resident Manager: 0
Water/Sewer: 0

Property Features

# Grade Doors: 3
A.D.A. Compliant: Yes

Construction

Brick: Yes

Sewer

Connected: Yes

Water

Public: Yes

Main Cooling

Central Air: Yes

Main Heating

Heat Pump: Yes

Terms

Cash: Yes
Conventional: Yes

Sold Info

Seller Concessions: 0

Property Disclosures

Unknown: Yes

Listing Office: Canyon Group Realty LLC

Last Updated: December - 09 - 2024

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.