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    1618 Alvernon Way Tucson, AZ 85712

    Sponsored
    For Sale
    $588,000

    Four prime Tucson office pads. Ready to build.

    Property size:
    4,351 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents four fully improved office pads, ideally situated on Alvernon Way in Tucson, Arizona. Each pad boasts significant frontage, offering unparalleled visibility and accessibility. The property encompasses a total of 14,700 square feet, with individual pad sizes ranging from 4,351 to 4,950 square feet. All utilities are connected to each pad, simplifying the construction process. The land is zoned C-1 by the City of Tucson, and the development plan has received full approval, including inspections of all assurances. The property is located outside the floodplain (Flood Zone X, per FIRM Panel #04019C2281L and #0419C2282L, dated June 16, 2011). Individual lot tax information (2019) is available. The asking price for the entire property is $588,000, with individual lot pricing also available. This prime location on Alvernon Way, a rapidly developing corridor in Tucson, offers easy access to all parts of the city. The seller is open to selling the entire property or individual lots separately, providing flexibility for various investment strategies. The property's approved development plan (COT Activity #T09BU00522 S09-026, C9-08-15, C9-55-77, DD0-09-37, DRB-09-07) ensures a streamlined path to development. This is a rare opportunity to acquire fully improved, ready-to-build office pads in a high-demand location.

    Property Features for 1618 Alvernon Way

    General Information

    Property type
    Land
    Square Feet
    4,351 SF

    Building Details

    Year Built
    2010
    Units
    4

    HighLights

    • Four fully improved office pads totaling 14,700 square feet on Alvernon Way in Tucson, AZ.
    • Each pad offers significant frontage on Alvernon Way, providing excellent visibility and accessibility.
    • Convenient access to all areas of Tucson.
    • Seller will consider offers for the entire property or individual pads.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9090114
    Latitude
    32.2430442

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    FAQs

    What type of property is this?
    Land - Four prime Tucson office pads. Ready to build.
    Where is this land located?
    The property is located at 1618 Alvernon Way Tucson, AZ.
    What is the asking price?
    The asking price for this property is $588,000.
    What are key features of this property?
    This property features: Four fully improved office pads totaling 14,700 square feet on Alvernon Way in Tucson, AZ.; Each pad offers significant frontage on Alvernon Way, providing excellent visibility and accessibility.; Convenient access to all areas of Tucson.
    Request Owner's contact information
    1618 Alvernon Way Tucson, AZ 85712
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    Tucson, AZ 85712
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1618 Alvernon Way Tucson, AZ 85712
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