8155 Tangerine Rd Marana, AZ 85658
- Commercial real estate
- 3.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 8155 Tangerine Rd
- Lot size
- 3.75 lot acres
- Property type
- Commercial real estate
- APN
- 216-08-005-D
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marana
- County
- Pima
- State
- Arizona
- Longitude
- -111.1397936271
- Latitude
- 32.424472630394
