6584 N Oracle Rd 1,989 SF Retail Building Tucson, AZ 85704 $660,000 ($331.83/SF) 7.53% Cap Rate

INVESTMENT HIGHLIGHTS

  • On major thoroughfare

EXECUTIVE SUMMARY

Exceptional Freestanding Retail Building operating as a successful Salon/Day Spa. Located in the Highly Desirable Northwest Tucson Submarket adjacent to The Town of Oro Valley, along Oracle Road/State Route 77, zoned Pima County CB-1. This property boasts historic charm, originally built as part of a southwestern style guest ranch believed to have been designed by famed architect Josias Joesler. Having been converted into office and retail uses, the building has served as a salon for several decades. Featuring attractive interior finishes and mature landscaping in a serene outdoor space with private patios, this special property is impeccably maintained and professionally operated. Can serve as an investment or exciting business for an operator.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,989 SF
Building Class
B
Year Built
1989
Price
$660,000
Price Per SF
$331.83
Cap Rate
7.53%
NOI
$49,725
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.31 AC
Zoning
CB-1, Pima County - CB-1 zoning (Pima County)
Parking
20 Spaces (10.06 Spaces per 1,000 SF Leased)
Frontage
86’ on Oracle

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Courtyard
  • Signage
  • Storage Space
  • Monument Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

Bbva Compass
YogaSix
Jazzercise
Natural Grocers
Safeway
Whole Foods Market
Chase Bank
U.s. Bank Branch
Bank of America
Bank of Montreal

PROPERTY TAXES

  • Listing ID: 32882046

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 6584 N Oracle Rd, Tucson, AZ 85704