378 N Main Avenue, Tucson, AZ 85701 (MLS# 21327304)

$1,300,000

378 N Main Avenue
Tucson, AZ 85701
MLS# 21327304
Status: Closed
9702 sqft

1 / 14

Property Description
This is the historic OWL’S CLUB BUILDING which is listed on the Register of Historic Places, a great office building in historic downtown Tucson, just a couple doors north of the Steinfeld Mansion and close to City, County and State offices, courts etc. The building was remodeled in 2002 and also includes a large parking lot (30 cars) in the rear which extends to Granada Avenue. (116-19-048B)

Details

Maps

Address Information

Country: USA

Street #: 378

Direction: N

Street Name: Main

Suffix: Avenue

State/Province: AZ

Zip Code: 85701

County: Pima

Location, Tax & Legal

Tax Year: 2012

Taxes: 28761.06

Assessments: 0

Legal Description: Lots 3 & 4 of Goldschmidts Addition and a ptn of the N 15′ of Lot 5

Municipality/Zoning: Tucson – O2

Fire Protection: Included in Taxes

Tax Code: 116-19-0500

Area: Central

Status Change Info

Off Market Date: 2013-11-21

Sold Price/SqFt: 133.99

Lot Sz Sold Prc/SqFt: 56.64

Financing: Cash

Pending Date: 2013-12-31

Sold Date: 2014-01-10

Sold Price: $1,300,000

Showing Information

Directions: From I-10, West on Congress, North on Granada, East on Franklin, North on Main to address. OR North on Granada to 370 N Granada which is the Owl’s Club parking lot.

General Property Information

Property Sub-Type: Professional/Office

# Units: 4

Lot Dimensions: 75×170 + 60×170

Lot Acres: 0.53

Lot Sqft: 22950

Lot Size Source: Assessor

Source of SqFt: Assessor

List Price/SqFt: 154.61

Lot Size Price/SqFt: 65.36

Year Built: 1901

Combined SqFt: 9702

Income

Vacancy Loss: 12780

Other Income: 0

Adjusted Gross: 131400

Total Expenses: 68836

Gross Scheduled Rent: 144180

Net Opp Income: 62564

Analysis

Gross Rent Multi: 9.89

Vacancy Rate %: 8.86

Exp/SqFt: 7.1

Exp % of Gross: 52.39

Cap Rate %: 4.81

Expenses

Admin Expenses: 0

Captial Expenses: 0

Contract Services: 8412

Figures Presented: Actual

Gas/Electric: 15000

Insurance: 8388

Maintenance Supplies: 1200

Management: 0

Resident Manager: 0

Taxes/Assessments: 32332

Water/Sewer: 3504

Other Expenses: 0

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Main Heating

Heat Pump: 1

Terms

Cash: 1

Conventional: 1

Property Disclosures

Lead Based Paint: 1

Contract Information

Current Price: $1,300,000

Sold Price: $1,300,000

Listing Date: 2013-10-08

Status: Closed

Remarks Misc

Geo Lat: 32.226131

Geo Lon: -110.976749

Property Features

Main Cooling: Central Air

Main Heating: Heat Pump

Sewer: Connected

Water: Public

Terms: Cash; Conventional

Property Disclosures: Lead Based Paint

Listing Office: The Negotiators Realty

Last Updated: December – 07 – 2024

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