7974 N Oracle Road, Oro Valley, AZ 85704

$1,100,000
Property Type: Commercial Square Footage: 2,816 Lot Size (sq. ft.): 62 Status: Closed
Current Price: $1,100,000 List Date: 3/15/2006 Last Modified: 10/25/2024

Overview

Description

BEAUTIFULLY MAINT. SPANISH STYLE COMMERCIAL BLDG.THAT IS ATTACHED TO THE NORTH SIDE OF PLAZA ESCONDIDO SHOPPING CENTER. LOCATED AT THE SE CORNER OF ORACLE & MAGEE. THE PROPERTY IS ON THE NORTH END OF THE SHOPPING CENTER. A FEE SIMPLE OWNERSHIP. CURRENT TENANT,A NURSERY PLANS TO VACATE PROPERTY AT TIME OF SALE.PROPERTY WILL BE DELIVERED TENANT FREE. MARKET RENT FOR SIMILAR SPACE IN THE AREA RENT FOR $24 PER SQ FT.

Listing Details MLS# 2610639

Address Information

Street #
7974
Direction
N
Street Name
Oracle
Suffix
Road
State/Province
AZ
Zip Code
85704
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
225-51-2170
Area
Northwest
Tax Year
2006
Taxes
10224
Assessments
0
Legal Description
ESCONDIDO PLAZA LOT 4
Municipality/Zoning
Oro Valley - C2
Fire Protection
None

General Property Information

Property Sub-Type
Retail
# Units
Yes
Year Built
1977
Lot Dimensions
136.68,47.11,105,138,100,21.40
Lot Acres
0.44
Lot Sqft
19237
Lot Size Source
Assessor
Combined SqFt
2816
Source of SqFt
Assessor
List Price/SqFt
426.14
Lot Size Price/SqFt
62.37

Property Features

Construction: Frame - Stucco Main Cooling: Central Air Main Heating: Heat Pump Sewer: Connected Water: Public Terms: Cash; Conventional Property Disclosures: Unknown

Status Change Info

Off Market Date
2006-07-31
Pending Date
2006-07-18
Sold Date
2006-07-31
Sold Price/SqFt
390.62
Lot Sz Sold Prc/SqFt
57.18
Financing
Conventional

More Information

Showing Information

Directions
ORACLE & MAGEE, GO EAST ON MAGEE TO NORTH ENTRANCE TO ESCONDIDO PLAZA. FIRST PROPERTY ON LEFT.

Income

Gross Scheduled Rent
67584
Adjusted Gross
67584
Net Opp Income
67584

Analysis

Cap Rate %
5.63
Gross Rent Multi
17.75

Expenses

Figures Presented
Proforma

Property Features

A.D.A. Compliant
No
Phase 1 Report
No

Electric

3 Phase Power
No
Master Meter
No

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Heat Pump
Yes

Terms

Cash
Yes
Conventional
Yes

Property Disclosures

Unknown
Yes
Listing Office: Golden Sun Realty
IDX
Last Updated: October - 25 - 2024
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