Tucson, AZ 85719

$1,600,000
Property Type: Commercial Square Footage: 4,897 Lot Size (sq. ft.): 61 Status: Closed
Current Price: $1,600,000 List Date: 5/04/2023 Last Modified: 2/20/2026

Overview

Description

Prospect Lane Estate is a stunning seven-resident property. The main house is owner-occupied, including three bedrooms & bathrooms, den/library, office space, and enclosed porch. The main home also features a butler's kitchen, a spacious pantry, and a laundry room. Additional unit mix - 3 two bedrooms -3 one bedrooms built between 1959 to 1979 with Old Pueblo Charm and character. 2 commercial acre site contains a large storage building, garage, workshop, and enclosed garden area with an agricultural well. The pressure system irrigates the mature trees with a sprinkler system. Among the units, there are 11 fireplaces and 9 carports. They feature brilliant beamed ceilings, brick floors, and private patios.

Supplements: Located in the heart of Tucson Arizona, Prospect Lane offers residents easy access to the U of Arizona, St Phillips Square, and a short walk to the Loop. This is an incredible opportunity to own a piece of history and an income-producing property in a highly sought-after location. The fact that the seller has owned the property for over 30 years i ...

Listing Details MLS# 22309755

Address Information

State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
108-21-021E
Area
Central
Tax Year
2022
Taxes
4818.82
Assessments
0
Legal Description
Ptn W238.85' S300' Nw4 Se4 Nw4 Se4 .84 Ac Sec 19-13-14
Municipality/Zoning
Tucson - MH1
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Other
Year Built
1965
Lot Dimensions
Irregular
Lot Acres
0.84
Lot Sqft
36460
Lot Size Source
Assessor
Combined SqFt
4897
Source of SqFt
Assessor
List Price/SqFt
459.46
Lot Size Price/SqFt
61.71

Property Features

Property Features: Storage Construction: Burnt Adobe Roof: Built-Up Main Cooling: Central Air; Evaporative Cooling; Window Unit(s) Main Heating: Forced Air Gas: Natural Sewer: Septic Water: Domestic Well Fence: Chain Link; Wood Landscape - Front: Low Care; Shrubs; Sprinkler/Drip; Trees Landscape - Rear: Low Care; Trees Road Type: Paved Lot Features: Cul-De-Sac Terms: Cash; Conventional Possession: Recording Submit With Offer: Income Property Addendum; Loan Pre-Qualifiaction; Loan Status; Proof of Funds Property Disclosures: Lead Based Paint; Seller Prop Disclosure Special Conditions: None

Contract Information

Short Sale
No

Status Change Info

Off Market Date
2023-06-19
Pending Date
2023-06-16
Sold Date
2023-07-21
Sold Price/SqFt
326.73
Lot Sz Sold Prc/SqFt
43.88
Financing
Cash Owner Carryback

More Information

Showing Information

Directions
From Campbell Ave. W-Limberlost, N-Mountain Ave, E-Prospect Lane to address. Park on street, go to 1490 E. Prospect Lane, inside property.

Apartment Unit Information

# of Units/Studios
Yes
# of Units/1 BR
2
# of Units/2 BR
3
# of Units/3 BR
Yes

Electric

Electric Company
TEP

Parking

# Covered Parking
4

Sold Info

Est. Closing Date
2023-07-21
Seller Concessions
500000

Gas

Natural
Yes

Construction

Burnt Adobe
Yes

Sewer

Septic
Yes

Roof

Built-Up
Yes

Water

Domestic Well
Yes

Property Features

Storage
Yes

Fence

Chain Link
Yes
Wood
Yes

Road Type

Paved
Yes

Lot Features

Cul-De-Sac
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes
Window Unit(s)
Yes

Main Heating

Forced Air
Yes

Terms

Cash
Yes
Conventional
Yes

Submit With Offer

Income Property Addendum
Yes
Loan Pre-Qualifiaction
Yes
Loan Status
Yes
Proof of Funds
Yes

Landscape - Front

Low Care
Yes
Shrubs
Yes
Sprinkler/Drip
Yes
Trees
Yes

Landscape - Rear

Low Care
Yes
Trees
Yes

Possession

Recording
Yes

Property Disclosures

Lead Based Paint
Yes
Seller Prop Disclosure
Yes

Special Conditions

None
Yes
Listing Office: Keller Williams Southern Arizona
IDX
Last Updated: February - 20 - 2026
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