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    Nec Sumter & Thornydale Tucson, AZ 85742

    For Sale
    $1,200,000

    Prime 10.5-acre lot, Pima County approved.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10.5-acre parcel of land presents a remarkable investment opportunity in Tucson, Arizona. Located at the Northeast corner of Sumter and Thornydale Roads (NEC Sumter & Thornydale), in the 85742 zip code, this property boasts a highly desirable location within Pima County. The land is currently zoned for residential development, having received approval from the Pima County Board of Supervisors for a proposed rezoning to accommodate an apartment project. The approved plan highlights the project's efficient use of existing infrastructure, alignment with the Arizona Growing Smarter Acts, and conformity to the Comprehensive Plan's policies. This signifies a streamlined path to development, minimizing potential delays and uncertainties. The asking price of $1,200,000 reflects a recent price reduction, making this an even more compelling proposition for discerning investors seeking a prime residential development site in a thriving Tucson community. The property's coordinates are 32.38265 latitude and -111.0469229 longitude. This is a rare opportunity to acquire a fully permitted and strategically located land parcel ready for immediate development. Don't miss this chance to capitalize on the growing demand for residential housing in this area.

    Property Features for 0 Nec Sumter & Thornydale

    General Information

    Property type
    Land

    HighLights

    • $1,200,000 asking price.
    • 10.5 acres of residential land.
    • Located at the Northeast corner of Sumter and Thornydale in Tucson, AZ 85742.
    • Pima County approved rezoning for an apartment project.
    • Price recently reduced.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.0469229
    Latitude
    32.38265

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    FAQs

    What type of property is this?
    Land - Prime 10.5-acre lot, Pima County approved.
    Where is this land located?
    The property is located at Nec Sumter & Thornydale Tucson, AZ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 10.5 acres of residential land.; Located at the Northeast corner of Sumter and Thornydale in Tucson, AZ 85742.
    (520) 219-3100
    Request Owner's contact information
    Nec Sumter & Thornydale Tucson, AZ 85742
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Nec Sumter & Thornydale Tucson, AZ 85742
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