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Property profile

2402 North Alvernon Way Tucson, AZ 85712

Strip malls
Property ID
US07-0505966
View Sample
2,764 SF 0.53 ac lot Built 1992
Entity Owned 3-yr Hold Absentee Owner Free & Clear
2402 North Alvernon Way, Tucson, AZ 85712 For Lease
$355,000 3,600 SF available
2402 North Alvernon Way, Tucson, AZ 85712
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Property summary

AI-generated overview

This exceptional 3,600 square foot retail property, located at 2402 N Alvernon Way in Tucson, Arizona, presents a prime opportunity for businesses seeking high visibility and accessibility. Situated on a signalized corner lot, this single-tenant space offers unparalleled exposure to significant daily traffic. The property is zoned C-1 by the City of Tucson, allowing for a wide range of commercial uses. The entire 3,600 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's location in Pima County, Arizona, within the 85712 zip code, places it in a thriving commercial area with excellent access to major roadways and a diverse customer base. This is an ideal location for businesses seeking a strong presence in a high-traffic area of Tucson. The property's size and visibility make it suitable for a variety of retail concepts, from restaurants and shops to service-based businesses. Interested parties are encouraged to inquire about lease terms and explore the potential of this exceptional retail space. The property is ready for immediate occupancy.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Construction STEEL FRAME
Total area 2,764 SF
Lot 0.53 ac (23,049 SF)
APN 110-07-414K
UPID US07-0505966

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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