1602 Craycroft Rd Tucson, AZ 85711
- Strip malls
- 2,550 SF
- 0.42 lot acres
Current Use by Public Records
- Redbox / Dvd Store / Movie Rental Store
Property Details for 1602 Craycroft Rd
- Year built
- 1985
- Construction
- FRAME
- Lot size
- 0.42 lot acres
- Property size
- 2,550 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 131-01-0150
- APU
- 131010150
Description
This exceptional 2,550 square foot single-tenant retail property, situated at 1602 S. Craycroft Road, presents a compelling investment opportunity. Strategically located just north of the main entrance to Davis-Monthan Air Force Base, this property enjoys unparalleled visibility and accessibility. The building is a free-standing structure, offering a significant advantage over multi-tenant properties. A key feature is the large monument signage directly on Craycroft Road, ensuring maximum brand exposure and attracting a substantial customer base. The property also includes a fenced rear yard, providing ample space for storage or potential expansion. The C-Store configuration allows for a wide range of retail uses, with no restrictions currently in place. This presents a unique opportunity for an investor seeking a high-traffic, easily accessible location with strong potential for return. The property's prime location near a major military base guarantees a consistent flow of customers, making it an ideal investment for a variety of retail businesses. The free-standing nature of the building offers flexibility and control, while the fenced yard adds to the property's overall functionality and appeal. The prominent signage ensures high visibility, maximizing the potential for attracting customers and generating revenue. This is a rare opportunity to acquire a well-positioned, single-tenant retail property in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $330,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $320,000
- Mixed-Use
- $295,000
- Hospitality
- $315,000
- Educational
- $345,000
- Residential Income
- $315,000
- Energy
- $280,000
- Income-Based Land
- $360,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.876
- Latitude
- 32.2023
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
