8530 E Speedway Boulevard, Tucson, AZ 85710

$1,200,000
Property Type: Commercial Square Footage: 1,803 Lot Size (sq. ft.): 62 Status: Closed
Current Price: $1,200,000 List Date: 2/06/2023 Last Modified: 12/20/2024

Overview

Description

Seller financing available for a Chevron C-Store! This Chevron branded gas station/C-Store. is situated on a 51-acre parcel corner lot. with over 28,000 vehicle traffic per day on east Speedway. The business has been performing very well and is trending upward. There are 7 years remaining on the Chevron marketing agreement. The C-Store is a 1,803 SF retail building offering goods, beverages and customer service counter (see pictures). The gas station has 8 pumps and the store features beer and wine, drinks, and light food. Third party vendors provide propane, water, bit coin, lottery, ATM. 14.7% cap rate based on store and gas sale net income.

Listing Details MLS# 22228652

Address Information

Street #
8530
Direction
E
Street Name
Speedway
Suffix
Boulevard
State/Province
AZ
Zip Code
85710
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
133-25-1840
Area
East
Tax Year
2021
Taxes
7191.09
Assessments
0
Legal Description
Huntington Park W 150' N 150' Lot 178
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes
FEMA Flood Zone
TBD
Municipal Flood Zone
TBD

General Property Information

Property Sub-Type
Retail
Construction Status
Existing
Total Parking
12
Multi-Tenant
No
Year Built
1989
Lot Dimensions
irregular
Lot Acres
0.51
Lot Sqft
22346
Lot Size Source
Assessor
Combined SqFt
1803
Source of SqFt
Assessor
List Price/SqFt
776.48
Lot Size Price/SqFt
62.65

Property Features

Property Features: Drop Ceiling; Smoke Detector Construction: Frame - Stucco Roof: Built-Up; Rolled Fenced Storage: No Main Cooling: Heat Pump Main Heating: Heat Pump Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: Alarm Installed; Closed Circuit Camera(s); Security Lights Window Features: Double Pane Windows; Low-Emissivity Windows Green Features: Bath Exhaust Out Fence: Block; None Landscape - Front: Low Care Landscape - Rear: None Road Type: Gravel Parking: Parking Lights; Paved Parking Lot Features: Corner Lot; Subdivided Business Location: Corner Lot; Free Standing Bldg Traffic Count: 15,001 to 35,000 Terms: Cash; Owner Carry Possession: Negotiable Submit With Offer: Digital Signature Accepted; Earnest Check; Proof of Funds Property Disclosures: Equipment List; Lead Based Paint; Leases Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2023-04-26
Pending Date
2023-04-24
Sold Date
2023-07-31
Sold Price/SqFt
665.56
Lot Sz Sold Prc/SqFt
53.7
Financing
Cash

More Information

Showing Information

Directions
Drive to address on E Speedway. South side of street.

Income

Other Income
2856326
Net Opp Income
206175

Analysis

Cap Rate %
14.7

Expenses

Other Expenses
2667158

Unit Information

Other
Gas C-Store

Property Features

A.D.A. Compliant
Unknown
Phase 1 Report
Yes
Drop Ceiling
Yes
Smoke Detector
Yes

Space Information

Ceiling Height
12ft
Door Height
8 ft

Electric

Electric Company
TEPCO
3 Phase Power
Yes
Amps
208v/120

Submit With Offer

Seller Title Company
Stewart Title
Digital Signature Accepted
Yes
Earnest Check
Yes
Proof of Funds
Yes

Sold Info

Selling Comments
cash sale
Seller Concessions
0

Gas

Natural
Yes

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes
Rolled
Yes

Water

Public
Yes

Fence

Block
Yes
None
Yes

Road Type

Gravel
Yes

Fenced Storage

No
Yes

Lot Features

Corner Lot
Yes
Subdivided
Yes

Main Cooling

Heat Pump
Yes

Main Heating

Heat Pump
Yes

Water Heater

Natural Gas
Yes

Terms

Cash
Yes
Owner Carry
Yes

Accessibility Option

None
Yes

Window Features

Double Pane Windows
Yes
Low-Emissivity Windows
Yes

Security

Alarm Installed
Yes
Closed Circuit Camera(s)
Yes
Security Lights
Yes

Green Features

Bath Exhaust Out
Yes

Landscape - Front

Low Care
Yes

Landscape - Rear

None
Yes

Parking

Parking Lights
Yes
Paved Parking
Yes

Business Location

Corner Lot
Yes
Free Standing Bldg
Yes

Freeway/Highway

Over 5.1 Miles
Yes

Traffic Count

15,001 to 35,000
Yes

Possession

Negotiable
Yes

Property Disclosures

Equipment List
Yes
Lead Based Paint
Yes
Leases
Yes

Special Conditions

None
Yes

Documents

Listing Office: Madera Realty and Mortgage
IDX
Last Updated: December - 20 - 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.
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