5550 S 12th Avenue, Tucson, AZ 85706
$3,700,000
Property Type:
Commercial
Square Footage:
32,400
Lot Size (sq. ft.):
24
Status:
Closed
Current Price:
$3,700,000
List Date:
9/26/2023
Last Modified:
3/28/2026
Overview
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.
Listing Details MLS# 22320729
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
- Area
- South
- Tax Year
- 2022
- Taxes
- 29846.73
- Assessments
- 0
- Taxes For
- Building & Land
- Legal Description
- Call Agent - Long legal
- Municipality/Zoning
- Tucson - C1
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
General Property Information
- Property Sub-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
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
Contract Information
- 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/SqFt
- 114.2
- Lot Sz Sold Prc/SqFt
- 23.18
- Financing
- Cash
More Information
Showing Information
- Directions
- From 12th Ave. & Drexel Rd. North on 12th Ave to subject.
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
- Seller Concessions
- 0
Construction
- Concrete Block
- Yes
Sewer
- Connected
- Yes
Fence
- None
- Yes
Fenced Storage
- No
- Yes
Main Cooling
- Central Air
- Yes
Water Heater
- Natural Gas
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Security
- None
- Yes
Landscape - Front
- None
- Yes
Special Conditions
- None
- Yes
Listing Office:
Coldwell Banker Realty
Last Updated: March - 28 - 2026
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