6584 Oracle Rd Tucson, AZ 85704

Property Details for 6584 Oracle Rd

Year built

1989

Construction

FRAME

Lot size

0.31 lot acres

Property size

1,989 SF

Property type

Office Properties & Spaces

APN

102-03-3250

APU

102033250

Description

This exceptional freestanding retail building, located at 6584 N. Oracle Road in Tucson, Arizona (zip code 85704), presents a unique investment opportunity. Currently operating as a thriving salon/day spa with 95% occupancy, this 1,989 square foot property offers a compelling combination of historical charm and modern functionality. The asking price is $745,000, translating to a price per square foot of $374.56 and a strong 13.28% cap rate. The building boasts attractive interior finishes and mature landscaping, including serene outdoor spaces and private patios. Situated in the highly desirable Northwest Tucson submarket, adjacent to Oro Valley, along Oracle Road (State Route 77), this property benefits from excellent visibility and accessibility. The Net Operating Income (NOI) is $98,954. The property is a multi-tenant building with a gross lease type and the current lease term is expiring. The building's rich history includes origins as part of a southwestern-style guest ranch, believed to have been designed by Josias Joesler. Subsequently converted to office and retail uses, it has served as a successful salon for many years. All furniture, fixtures, and equipment (FF&E) are included in the sale. This property is impeccably maintained and professionally operated, making it ideal for both investors seeking a strong return and owner-operators looking for an established business. The property's APN is 102-03-3250. The current occupancy date is August 19, 2024.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-110.975

Latitude

32.3264

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments