1011 N Craycroft Road, Tucson, AZ 85711 (MLS# 22503480)

$2,995,000

1011 N Craycroft Road
Tucson, AZ 85711
MLS# 22503480
27072 sqft

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Property Description
Value Add or owner user investment opportunity. Multi-tenant medical and professional office complex anchored by LabCorp and Southern Arizona Endodontics. 5590 sf available to be backfilled for value add or occupied by an owner looking to office space and an investment

Details

Maps

Address Information

Country: USA

Street #: 1011

Direction: N

Street Name: Craycroft

Suffix: Road

State/Province: AZ

Zip Code: 85711

County: Pima

Location, Tax & Legal

Tax Year: 2024

Taxes: 47427.49

Assessments: 366171

Taxes For: Building & Land

Legal Description: MITMAN LOT 6 LESS E20′ FOR RD & LOT 7 & LOT 8
EXC W17′ BLK 4

Development Name: Craycroft Plaza

Municipality/Zoning: Tucson – C1

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: No

Tax Code: 127-02-2790

Area: Central

Contract Information

Method of Title: Fee (Simple)

Short Sale: No

Current Price: $2,995,000

List Price: $2,995,000

Listing Date: 2025-02-04

Status: Active

General Property Information

Property Sub-Type: Professional/Office

Construction Status: Existing

# Units: 12

Lot Dimensions: 600×575 ft

Lot Acres: 2.17

Total Parking: 111

Lot Sqft: 96942

Multi-Tenant: Yes

Lot Size Source: Assessor

Source of SqFt: Assessor

Leasable SqFt: 5590

List Price/SqFt: 110.63

Lot Size Price/SqFt: 30.89

Year Built: 1959

Combined SqFt: 27072

Electric

Electric Company: TEP

Gas

None: 1

Analysis

Vacancy Rate %: 20

Cap Rate %: 7.13

Construction

Brick: 1

Expenses

Figures Presented: Actual

Insurance: 9712.19

Taxes/Assessments: 47427.49

Other Expenses: 94059.35

Sewer

Connected: 1

Unit Information

Office: Business Park

Roof

Built-Up: 1

Water

Public: 1

Fence

None: 1

Road Type

Chip/Seal: 1

Paved: 1

Fenced Storage

No: 1

Main Cooling

Central Air: 1

Main Heating

Heat Pump: 1

Water Heater

Electric: 1

Terms

Cash: 1

Conventional: 1

Submit With Offer

Proof of Funds: 1

Accessibility Option

Entry: 1

Level: 1

Wide Hallways: 1

Landscape – Front

Decorative Gravel: 1

Natural Desert: 1

Shrubs: 1

Trees: 1

Landscape – Rear

Trees: 1

Parking

Free: 1

Paved Parking: 1

Other: 111 parking spots

Business Location

Business Park: 1

Office/Professional: 1

Remarks Misc

Geo Lat: 32.234851

Geo Lon: -110.876611

Income

Gross Scheduled Rent: 365034

Net Opp Income: 213734.97

Property Features

Construction: Brick

Roof: Built-Up

Fenced Storage: No

Main Cooling: Central Air

Main Heating: Heat Pump

Water Heater: Electric

Gas: None

Sewer: Connected

Water: Public

Accessibility Option: Entry; Level; Wide Hallways

Fence: None

Landscape – Front: Decorative Gravel; Natural Desert; Shrubs; Trees

Landscape – Rear: Trees

Road Type: Chip/Seal; Paved

Parking: Free; Paved Parking

Business Location: Business Park; Office/Professional

Terms: Cash; Conventional

Submit With Offer: Proof of Funds

Listing Office: Larsen Baker, LLC

Last Updated: July – 21 – 2025

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