3754 S 16th Ave Tucson, AZ 85713
Sunset Villa NeighborhoodEstimated payment $23,857/month
Highlights
- 2.29 Acre Lot
- Cooling Available
- Multiple Heating Units
- Meeting Room
- Concrete Flooring
About This Home
Investment Opportunity in Tucson, AZ
Prime Retail Property with Established Tenant
Discover a lucrative investment opportunity at 3754 S 16th Ave, Tucson, AZ 85713. Priced at $3,995,000 with a solid NNN leased 6% cap rate, this property offers stability and growth potential in the heart of Tucson.
Key Features:
Tenant Stability: The retail space is leased to a longstanding tenant with 35 years of business history, ensuring reliable rental income.
Size and Flexibility: Spanning 30,000 square feet, the property includes ample space for retail operations and future growth.
Owner-Occupier Potential: Investors have the option to owner-occupy, leveraging the property's strategic location and functional layout.
Convenient Location: Situated within a bustling shopping Investment Opportunity in Tucson, AZ
Prime Retail Property with Established Tenant
Discover a lucrative investment opportunity at 3754 S 16th Ave, Tucson, AZ 85713. Priced at $3,995,000 with a solid NNN leased 6% cap rate, this property offers stability and growth potential in the heart of Tucson.
Key Features:
Tenant Stability: The retail space is leased to a longstanding tenant with 35 years of business history, ensuring reliable rental income.
Size and Flexibility: Spanning 30,000 square feet, the property includes ample space for retail operations and future growth.
Owner-Occupier Potential: Investors have the option to owner-occupy, leveraging the property's strategic location and functional layout.
Convenient Location: Situated within a bustling shopping center, the property boasts nearly unlimited asphalt parking, enhancing customer accessibility and convenience.
Modern Infrastructure: Interior features include updated restrooms, efficient HVAC systems, a well-equipped storefront, and convenient loading docks, catering to diverse retail needs.
Investment Highlights:
NNN Lease: Enjoy the benefits of a NNN lease structure, where the tenant covers property taxes, insurance, and maintenance costs, minimizing landlord responsibilities.
Stable Income: Benefit from a secure income stream backed by a reputable tenant in a thriving retail environment.
Strategic Potential: With potential for owner-occupation, investors can capitalize on both rental income and operational flexibility.
Community Connectivity: Located in a vibrant commercial area, the property offers high visibility and accessibility, driving foot traffic and enhancing retail potential.
Ideal for Investors Seeking:
Long-Term Value: With a strong tenant history and favorable lease terms, this property promises enduring value and income stability.
Expansion Opportunities: Expand your portfolio in Tucson's dynamic retail market, leveraging the property's prime location and tenant credibility.
Diverse Investment Strategies: Whether seeking passive income or an owner-operated retail space, this property accommodates various investment goals.
Don't miss out on this exceptional retail investment opportunity in Tucson.
Disclaimer: All potential buyers are encouraged to verify all details and conduct their own due diligence.
Captivating Investment Opportunity Near Air Force Base and Prime Freeway Access
Discover an unparalleled investment opportunity nestled in the heart of zip code 85713, where strategic location meets a thriving community. This area offers exceptional rental potential, enhanced by its proximity to key amenities that ensure long-term investment value and tenant satisfaction.
Area Highlights:
Proximity to Davis-Monthan Air Force Base: Located just moments from Davis-Monthan Air Force Base, this area benefits from the consistent demand for housing created by the military community. The base's presence guarantees a steady flow of tenants, offering a reliable rental market for property owners.
Convenient Freeway Access: With easy access to major freeways, including Interstate 10 and Highway 19, residents enjoy quick and convenient commutes throughout Tucson. This prime location connects tenants to key employment centers, shopping, dining, and recreational options, making it an ideal spot for both working professionals and families.
Thriving Employment Base: Zip code 85713 is home to a diverse range of industries, including healthcare, education, and technology. The area's strong employment base ensures a stable and growing community, with a variety of job opportunities within close reach. This contributes to a consistent demand for quality housing and enhances the area's overall appeal.
Local Amenities: Residents enjoy a range of amenities, including schools, parks, and local businesses, contributing to a well-rounded lifestyle. The area continues to see growth and development, further enhancing its desirability as a place to live and invest.
Property Details
Property Type
- Other
Est. Annual Taxes
- $19,229
Year Built
- Built in 1986
Lot Details
- 2.29 Acre Lot
- Property fronts an alley
- Chain Link Fence
- Property is zoned TBD
Home Design
- 24,990 Sq Ft Home
- Wood Frame Construction
- Foam Roof
- Block Exterior
- Stucco
Flooring
- Carpet
- Concrete
Parking
- 50 Open Parking Spaces
- 50 Parking Spaces
- Public Parking
- Free Parking
- Paved Parking
Utilities
- Cooling Available
- Multiple Heating Units
- Heat Pump System
- 220 Volts
- Master Water Meter
Listing and Financial Details
- Tax Lot 00014
- Assessor Parcel Number 119-18-093-A
Community Details
Overview
- Santa Cruz Plaza Subdivision
Amenities
- Meeting Room
- Showroom
Building Details
- Operating Expense $19,229
- Gross Income $240,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $38,458 | $288,635 | -- | -- |
| 2023 | $39,254 | $297,381 | $0 | $0 |
| 2022 | $41,169 | $304,032 | $0 | $0 |
| 2021 | $42,100 | $275,766 | $0 | $0 |
| 2020 | $40,820 | $275,766 | $0 | $0 |
| 2019 | $40,694 | $265,325 | $0 | $0 |
| 2018 | $42,235 | $271,585 | $0 | $0 |
| 2017 | $44,667 | $271,585 | $0 | $0 |
| 2016 | $43,900 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/09/2025 03/09/25 | For Sale | $3,995,000 | -- | $160 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Stewart Title | |
| Special Warranty Deed | $1,410,000 | Stewart Title & Tr Of Tucson | |
| Quit Claim Deed | -- | None Available | |
| Deed In Lieu Of Foreclosure | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Special Warranty Deed | $2,700,000 | Tfnti | |
| Cash Sale Deed | $2,900,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,299,100 | Small Business Administration | |
| Closed | $1,299,100 | Small Business Administration | |
| Previous Owner | $3,104,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6832739
APN: 119-18-093A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 726 W President St
- 820 W Columbia St
- 4108 S 12th Ave
- 4114 S 12th Ave
- 4120 S 12th Ave
- 519 W Lincoln St
- 3632 S Lundy Ave
- 526 W Columbia St
- 1302 W Ajo Way
- 1302 W Ajo Way Unit 338
- 1302 W Ajo Way Unit 269
- 1302 W Ajo Way Unit 234
- 1302 W Ajo Way Unit 52
- 701 W 42nd St
- 3627 S Liberty Ave
- 3543 S Liberty Ave
- 749 W Sandy St
- 3649 S Belmar Ave
- 4519 S 13th Ave
- 220 W President St