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    1065 Miracle Mile Tucson, AZ 85705-3715

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    1065 Miracle Mile Tucson, AZ 85705-3715


    • Retail space
    • 3,860 SF
    • 0.80 lot acres
    Off-Market
    Last Sale Mar 7, 2025
    $650,000
    Property ID
    US07-0967460
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Tucson Awning & Screen a RYR,LLC company / General Contractor
    • Tucson Awning and Screen / Building Supply / Hardware & Home Improvement
    • Tucson Awning and Screen, RYR, LLC / Building Supply / Hardware & Home Improvement

    Property Details for 1065 Miracle Mile

    Year built
    1953
    Construction
    FRAME
    Lot size
    0.80 lot acres
    Property size
    3,860 SF
    Property type
    Retail space
    APN
    107-06-073B
    APU
    10706073B

    Description

    This freestanding retail storefront, located at 1065 W Miracle Mile in Tucson, Arizona (zip code 85705), presents a unique owner-user investment opportunity. The 3,860 square foot building sits on a substantial 35,288 square foot lot and boasts excellent visibility due to its Miracle Mile frontage and multiple access points. Built in 1953 and extensively renovated in 2024, the property includes a 7.5' x 6' roll-up door, perfect for loading and unloading. Interior features include two offices, a reception area, and a restroom. Recent improvements include a resealed roof (April 2024), new epoxy flooring, and the installation of two mini-split HVAC systems (approximately two years ago). The property benefits from its convenient location near Interstate 10, providing easy access for customers and employees. A large, gated, and fenced backyard offers ample space for storage or expansion. The permitted zoning is C-2 (86%) and MH-2 (14%) in Tucson. The asking price is $725,000. The property's APN is 107-06-073B. This well-maintained building offers a blend of classic charm and modern updates, making it an ideal location for a variety of retail businesses.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $655,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $630,000
      6.5%
      $580,000
      7%
      $540,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $419,000
      Market price range: $282k - $680k
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $480,000
      Current use
      COMMERCIAL (GENERAL)
      $945,000
      Change: +96% Conversion: Easy
      MEDICAL BUILDING
      $860,000
      Change: +79% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $745,000
      Change: +54% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $710,000
      Change: +47% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.988
    Latitude
    32.2605
    CBSA code
    46060
    CBSA name
    TUCSON, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,741
    $25,064
    $30,520
    $55,584
    -
    $139,244
    $169,556
    $308,800
    More about this property
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