1642 Alvernon Way Tucson, AZ 85712-3321
This exceptional 3,802 square foot freestanding office building, located at 1642 N Alvernon Way in Tucson, Arizona, presents a compelling investment opportunity. Built in 1971, this single-story property is zoned C-1 by the City of Tucson, offering versatility for a range of commercial uses. The building's classification includes Creative Office, Traditional Office, and Retail spaces, catering to diverse business needs. Priced at $395,000, the asking price equates to $104 per square foot. The property boasts ample parking, providing 4 spaces per 1,000 square feet, ensuring convenient access for employees and clients. Its strategic location in central Tucson offers excellent visibility and accessibility, situated along major bus routes, enhancing its appeal to a wide customer base. The property's APN is 122-13-211B and the zip code is 85712. This well-positioned property represents a strong investment in a thriving Tucson commercial market. The building's adaptable space and convenient location make it an ideal choice for businesses seeking a prominent presence in a central location. This is a rare opportunity to acquire a freestanding building in a high-traffic area with excellent potential for growth and return on investment.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.