5550 S 12th Avenue, Tucson, AZ 85706 (MLS# 22320729)

$3,700,000

5550 S 12th Avenue
Tucson, AZ 85706
MLS# 22320729
Status: Closed
32400 sqft

1 / 9

Property Description
Full property address is 5550, 5650, 5680 S. 12th Ave. Multi Tenant Retail building (24 spaces @ 1200 Sq. Ft. each plus a 3600 Sq. Ft Restaurant) on South 12th Ave. Situated on 3.67 acres.

Details

Maps

Address Information

Street #: 5550

Direction: S

Street Name: 12th

Suffix: Avenue

State/Province: AZ

Zip Code: 85706

County: Pima

Country: USA

Location, Tax & Legal

Tax Code: 137-10-5050

Tax Year: 2022

Taxes: 29846.73

Taxes For: Building & Land

Legal Description: Call Agent – Long legal

Area: South

Municipality/Zoning: Tucson – C1

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Contract Information

Current Price: $3,700,000

Sold Price: $3,700,000

Listing Date: 2023-09-26

Status: Closed

Co-Op Fee: 2.25

Method of Title: Co-op

Short Sale: No

Status Change Info

Off Market Date: 2023-11-14

Pending Date: 2023-12-26

Sold Date: 2023-12-29

Sold Price: $3,700,000

Sold Price/SqFt: 114.2

Lot Sz Sold Prc/SqFt: 23.18

Financing: Cash

Showing Information

Directions: From 12th Ave. & Drexel Rd. North on 12th Ave to subject.

General Property Information

Dwelling Type: Retail

Construction Status: Existing

# Units: 25

Total Parking: 95

Multi-Tenant: Yes

Year Built: 1998

Lot Dimensions: Irregular

Lot Acres: 3.67

Lot Sqft: 159649

Lot Size Source: Assessor

Combined SqFt: 32400

Source of SqFt: Assessor

Leasable SqFt: 28800

List Price/SqFt: 120.37

Lot Size Price/SqFt: 24.43

Remarks & Misc

Geo Lat: 32.151051

Geo Lon: -110.978098

Income

Gross Scheduled Rent: 486138

Net Opp Income: 294222

Analysis

Cap Rate %: 8

Exp % of Gross: 39

Expenses

Figures Presented: Actual

Unit Information

Retail: Strip Center

Sold Info

Seller Paid Repairs: 7000

Property Features

Construction: Concrete Block

Fenced Storage: No

Main Cooling: Central Air

Water Heater: Natural Gas

Sewer: Connected

Security: None

Fence: None

Landscape – Front: None

Terms: Cash; Conventional

Special Conditions: None

Listing Office: Coldwell Banker Realty

Last Updated: January – 02 – 2024

5550 S 12th Avenue, Tucson, AZ 85706 - MLS# 22320729

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