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    Land

    0 Nec Sumter & Thornydale, Tucson, AZ 85742

    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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