1030 Prince Rd Tucson, AZ 85705-3109
- Self service car washes
- 2,604 SF
- 0.24 lot acres
Current Use by Public Records
- Rascon Investments Inc / Investment Service
Property Details for 1030 Prince Rd
- Year built
- 1976
- Construction
- CONCRETE
- Lot size
- 0.24 lot acres
- Property size
- 2,604 SF
- Property type
- Self service car washes
- APN
- 106-06-029C
- APU
- 10606029C
Description
This exceptional investment opportunity presents a fee-simple 0.24-acre car wash located at 1030 W Prince Rd, Tucson, AZ 85705 (APN 106-06-029C). The property, zoned C-1, features a single building housing a fully operational car wash with five manual washing bays, eight drying spaces, and functional vacuum systems (currently under maintenance). A vending machine is also included. Daily traffic counts from Pima County indicate approximately 25,000-30,000 vehicles pass by, ensuring high visibility and potential for strong revenue generation. The property's significant investment appeal stems from its prime location within an incentive zone, fostering future growth opportunities. An added benefit is the adjacent 5-unit multi-family property, comprising one single-family residence, two mobile homes, and two RV spaces, generating an estimated annual gross income of $30,000 (assuming full occupancy with RVs at $500/month). An easement provides access to this adjacent property. The flexible C-1 zoning allows for diverse usage and development possibilities, making this a compelling opportunity for both experienced investors and those seeking a high-return venture with significant upside potential. The asking price for this unique property is $500,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $530,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $430,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $370,000
- Mixed-Use
- $350,000
- Hospitality
- $385,000
- Educational
- $445,000
- Residential Income
- $355,000
- Energy
- $440,000
- Income-Based Land
- $445,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.99
- Latitude
- 32.2723
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
