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Property profile & analytics
OFF-MARKET
Commercial real estate

275 18Th St Tucson, AZ 85701

Property ID
US07-2004622
Property summary
AI-generated overview

This exceptional 0.2-acre parcel in Tucson, Arizona's coveted Armory Park neighborhood presents a unique development opportunity. Located at 275 E 18th St, 85701, this fully entitled lot is zoned HR3, allowing for the construction of a six-unit single-family detached residential subdivision. The final plat has already been approved, streamlining the development process and minimizing potential delays. The property's location offers unparalleled convenience, situated within walking distance of the vibrant Five Points area where downtown Tucson converges. This prime location is characterized by high demand and limited supply of new construction homes, making this a highly attractive investment. The absence of pre-designed home plans provides exceptional flexibility for the developer to create a unique and desirable residential community, tailoring the homes and finishes to meet current market preferences. This presents a rare chance to build a custom infill subdivision, a family compound, or a unique residential project in a highly sought-after historic neighborhood. This is a truly exceptional opportunity for discerning developers seeking a prime location and a streamlined development process. The property is situated in Pima County and offers a compelling investment prospect in a thriving urban setting.

Property profile
Verified
Property type Commercial real estate
UPID US07-2004622
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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