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8155 Tangerine Rd Marana, AZ 85658

For Sale
$1,699,999

Prime 3.75-acre lot, flex warehouse potential.

Description

Added:
Dec 11, 2024
Days on Market:
368
Exceptional investment opportunity awaits in rapidly growing Marana, Arizona. This 3.75-acre FEE SIMPLE land parcel, located at 8155 West Tangerine Road (APN 216-08-005-D), presents a unique chance to capitalize on the area's booming commercial and industrial sector. The property boasts over 300 feet of frontage on Tangerine Road, a key thoroughfare currently undergoing a widening project to four lanes, significantly enhancing visibility and accessibility. Its strategic location east of a planned 2500+ unit residential and retail/commercial development at Tangerine Road and I-10 ensures high future demand. Currently zoned for Light Industrial, with zoning change to Industrial pending, the property is permit-ready for a planned 45,000 square foot flex warehouse project. Detailed plans are available, encompassing units ranging from 1,500 to 2,700 square feet, easily combinable for larger tenants. Each unit is designed with roll-up doors and high ceilings. A design-build contractor is already engaged, streamlining the development process. The asking price is $1,699,999, representing a compelling pro-forma cap rate of 10.00% and a pro-forma NOI of $800,000. This is a 1031 exchange eligible property, offering significant tax advantages for qualified investors. The land value is $9.75 per square foot. Don't miss this chance to be the first to bring a modern flex warehouse space to Marana, AZ.

Property Features for 8155 Tangerine Rd

General Information

Property type
Land
Lot Size
163,350 SF

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Wholesale Shop Clothing Store Auto Parts Store Kitchen & Bath HVAC Service Car Rental Women's Store Computer & Electronic Repair Tech Support Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Marana
County
Pima
State
Arizona
Longitude
-111.1397936271
Latitude
32.424472630394

FAQs

What type of property is this?
Land - Prime 3.75-acre lot, flex warehouse potential.
Where is this land located?
The property is located at 8155 Tangerine Rd Marana, AZ.
What is the asking price?
The asking price for this property is $1,699,999.
More about this property
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