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Tubac Galleria 29 Tubac Plaza

3,764 SF 100% Leased Retail Building Tubac, AZ 85646 $799,000 ($212/SF) 7.50% Cap Rate

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Executive Summary

Steps from the Tubac Center for the Arts, and located in the heart of the historic Tubac Plaza, this 3,700 + sq ft property boasts three retail suites at street level, and two beautifully remodeled apartments upstairs, both with panoramic mountain views. Retail suites can easily be combined, or left as separate units. Combined potential rental income of over $75,000 per year! Property includes separate, adjacent 2,000+ sq ft lot offering a variety of complementary uses. Tubac is a quaint artist community, with local hiking, bike trails, bird-watching, annual arts festivals, year-round golfing, and more. Property includes two lots: 112-16-034 and 112-16-035
Seller is an Internet Service Provider serving several Tubac properties. Seller will provide free Wi-Fi service to the entire building for the foreseeable future at no cost to Buyer. The value of Wi-Fi, if purchased from a commercial provider, would be approximately $500 per month. Seller to provide credit in Escrow for re-roofing and to replace one non-working air conditioner.