3742 River Rd Tucson, AZ 85718
- Outlet malls
- 40,018 SF
- 2.27 lot acres
Current Use by Public Records
- Conn's HomePlus / Electronics Store / Appliance Store
Property Details for 3742 River Rd
- Year built
- 2014
- Construction
- FRAME
- Lot size
- 2.27 lot acres
- Property size
- 40,018 SF
- Property type
- Outlet malls
- APN
- 101-23-516B
- APU
- 10123516B
Description
Marana Marketplace, a Class A retail strip center in Tucson, Arizona, presents a unique investment opportunity. This 77,000 square foot property, situated on 29 acres at 3742 E River Rd, 85718, offers multiple suites totaling two buildings, each with a single story. Currently, the entire 77,000 square feet is available for lease, with spaces divisible down to 5,000 square feet and contiguous space up to 45,000 square feet. Built in 2007, the center boasts ample parking with a ratio of 4.19 spaces per 1,000 square feet. The property is zoned C-1 & C-2, providing flexibility for a variety of retail uses. Its prime location along Interstate 10 at Orange Grove Road offers exceptional visibility and accessibility. The center is part of a larger power center development, with established national tenants including Sprouts, PetSmart, and others. This presents a chance to join a thriving retail environment in a high-growth area of Tucson. The property's size and configuration make it ideal for a variety of retail concepts, from smaller boutiques to larger anchor stores. The expansive lot size also allows for future expansion possibilities. This is a rare opportunity to acquire a significant retail presence in a desirable Tucson location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,025,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,175,000
- 6.5%
- $1,190,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,160,000
- Geo Method
- $1,285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,035,000
- Retail
- $1,280,000
- Mixed-Use
- $1,235,000
- Hospitality
- $1,320,000
- Educational
- $1,160,000
- Residential Income
- $1,270,000
- Energy
- $1,290,000
- Income-Based Land
- $1,065,000
- Food Service
- $1,110,000
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -111.044
- Latitude
- 32.3207
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
