301 W 4th Street, Tucson, AZ 85705 (MLS# 22004822)

$1,390,000

301 W 4th Street
Tucson, AZ 85705
MLS# 22004822
Status: Closed
10000 sqft

Creative Office (Studios) on left and CrossFit Gym on right.

1 / 25

Easy street parking and bike parking in front

11th Ave deadends, this provides ample and easy street parking.

Entrance to back parking area is secured by fence. Gate with automatic opener.

Lots of additional street parking along 4th.

Entry to Crossfit Gym, parking for gym, and shaded outdoor area.

Large paved lot is primarily used by gym.

Parking area was crack sealed and coated in 2016.

Provides another entrance to both the gym and creative spaces. Lots of additional parking and room to expand.

9 studios/offices line the main hallway and 3 additional loft spaces are also leased.

Each space has a large window and full light door to the hallway

The original bathrooms were updates and freshes in 2016.

Bow trusses and wood ceilings provide an inspiring urban aesthetic.

Office space with lot of natural light from restored steel casement style warehouse windows.

Studio 3 has small kitchenette and private bathroom with shower and storage loft.

All ground floor spaces are about 440 square feet with open ceilings.

Mostly open space. 2016 TI included all new bathrooms, kitchen and office space.

5,000 square feet with lots of natural light from the restored windows.

Two roll up doors in addition to the man doors provide easy access for people and equipment.

Newly constructed bathrooms during TI in 2016.

Kitchen, bathrooms, laundry and office are all air conditioned.

Property Description
Repurposed warehouse located just north of downtown. Built in 1925 the double and triple brick structure has striking architectural features including a bow truss roof system and restored steel casement warehouse windows. 5,000 square feet of the buildings former offices were converted into 12 separate creative spaces which are leased individually to established long term artist tenants and other creative office space users. The adjacent 5,000 square feet is occupied by a successful local CrossFit gym who has a long-term lease. Building upgrades in 2015 include: new insulated roof system, electrical improvements and HVAC. Clean Phase I & II reports available. Solid NOI, zero vacancy with waiting list, stable long-term tenants and initial plans for another building on the site.

Details

Maps

Documents

Address Information

Country: USA

Street #: 301

Direction: W

Street Name: 4th

Suffix: Street

State/Province: AZ

Zip Code: 85705

County: Pima

Location, Tax & Legal

Tax Year: 2019

Taxes: 11777

Assessments: 0

Taxes For: Building & Land

Legal Description: TUCSON ALL BLK 55 LYG NE S P R R

Municipality/Zoning: Tucson – I1

Fire Protection: Included in Taxes

Tax Code: 117-04-1780

Area: Central

Contract Information

Method of Title: Fee (Simple)

Short Sale: No

Current Price: $1,390,000

Sold Price: $1,390,000

Listing Date: 2020-02-18

Status: Closed

Status Change Info

Off Market Date: 2021-04-07

Sold Price/SqFt: 139

Lot Sz Sold Prc/SqFt: 40.48

Financing: Cash

Pending Date: 2021-07-01

Sold Date: 2021-07-07

Sold Price: $1,390,000

Showing Information

Directions: From Speedway and Main, south on Main to 4th Street (just before railroad track crossing), east to address.

General Property Information

Property Sub-Type: Other

Construction Status: Existing

Lot Dimensions: Irregular

Lot Acres: 0.79

Lot Sqft: 34334

Multi-Tenant: Yes

Lot Size Source: Assessor

Source of SqFt: Assessor

List Price/SqFt: 160

Lot Size Price/SqFt: 46.6

Year Built: 1925

Combined SqFt: 10000

Electric

3 Phase Power: Yes

Electric Company: TEP

Master Meter: Yes

Gas

None: 1

Construction

Brick: 1

Sewer

Connected: 1

Unit Information

Office: Warehouse

Other: CrossFit Gym

Roof

Built-Up – Reflect: 1

Foam: 1

Water

Public: 1

Property Features

Phase 1 Report: Yes

Skylight: 1

Fence

Other: Expanded Metal

Space Information

Ceiling Height: 20+ft

Road Type

Paved: 1

Fenced Storage

Yes: 1

Lot Features

Adjacent to Rail: 1

Corner Lot: 1

Main Cooling

Central Air: 1

Evaporative Cooling: 1

Zoned: 1

Main Heating

Electric: 1

Heat Pump: 1

Zoned: 1

Water Heater

Electric: 1

Terms

Submit: 1

Submit With Offer

Proof of Funds: 1

Accessibility Option

Door Levers: 1

Security

Alarm Installed: 1

Closed Circuit Camera(s): 1

Security Lights: 1

Other: Security Screens

Green Features

Bath Exhaust Out: 1

Dual-Flush Toilets: 1

Infill Site: 1

Sold Info

Seller Concessions: 0

Landscape – Front

Decorative Gravel: 1

Desert Plantings: 1

Low Care: 1

Trees: 1

Landscape – Rear

Trees: 1

Parking

Fenced Parking: 1

Free: 1

Paved Parking: 1

Business Location

Free Standing Bldg: 1

Redevelopment Area: 1

Freeway/Highway

Up to 1 Mile: 1

Traffic Count

Not Available: 1

Unknown: 1

Possession

See Remarks: 1

Property Disclosures

Appraisal: 1

Floor Plan: 1

Lead Based Paint: 1

Leases: 1

Military Airport Vct: 1

Public Airport Vcty: 1

Seller Prop Disclosure: 1

Special Conditions

None: 1

Remarks Misc

Geo Lat: 32.230057

Geo Lon: -110.976697

Income

Gross Scheduled Rent: 115530

Analysis

Cap Rate %: 7.22

Property Features

Property Features: Skylight

Construction: Brick

Roof: Built-Up – Reflect; Foam

Fenced Storage: Yes

Main Cooling: Central Air; Evaporative Cooling; Zoned

Main Heating: Electric; Heat Pump; Zoned

Water Heater: Electric

Gas: None

Sewer: Connected

Water: Public

Accessibility Option: Door Levers

Security: Alarm Installed; Closed Circuit Camera(s); Security Lights

Green Features: Bath Exhaust Out; Dual-Flush Toilets; Infill Site

Landscape – Front: Decorative Gravel; Desert Plantings; Low Care; Trees

Landscape – Rear: Trees

Road Type: Paved

Parking: Fenced Parking; Free; Paved Parking

Lot Features: Adjacent to Rail; Corner Lot

Business Location: Free Standing Bldg; Redevelopment Area

Traffic Count: Not Available; Unknown

Terms: Submit

Possession: See Remarks

Submit With Offer: Proof of Funds

Property Disclosures: Appraisal; Floor Plan; Lead Based Paint; Leases; Military Airport Vct; Public Airport Vcty; Seller Prop Disclosure

Special Conditions: None

Listing Documents

Lead Paint Discl

Seller Disclosure

Listing Office: Southwest Urban

Last Updated: December – 13 – 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.

Community Golf Course Homes