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6584 N Oracle Rd

1,989 SF Retail Building Tucson, AZ 85704 £587,805 (£296/SF) 13.28% Net Initial Yield

Executive Summary

Exceptional Freestanding Retail Building operating as a successful Salon/Day Spa and includes all FF&E. Located in the Highly Desirable Northwest Tucson Submarket adjacent to The Town of Oro Valley, along Oracle Road/State Route 77. This property boasts historic charm, originally built as part of a southwestern style guest ranch believed to have been designed by famed architect Josias Joesler. Having been converted into office and retail uses, the building has served as a salon for several decades. Featuring attractive interior finishes and mature landscaping in a serene outdoor space with private patios, this special property is impeccably maintained and professionally operated. Can serve as an investment or exciting business for an operator.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,989 SF
Building Class
B
Year Built
1989
Price
£587,805
Price Per SF
£296
Net Initial Yield
13.28%
NOI
£78,075
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Land Acres
0.31 AC
Zoning
CB-1, Pima County - CB-1 zoning (Pima County)
Parking
20 Spaces (10.06 Spaces per 1,000 SF Leased)
Frontage
86 ft on Oracle

Amenities

  • 24 Hour Access
  • Bus Route
  • Corner Lot
  • Courtyard
  • Signage
  • Storage Space
  • Monument Signage
  • Air Conditioning

Nearby Major Retailers

Bbva Compass
YogaSix
Jazzercise
Natural Grocers
Bank of Montreal
Coco's Bakery
Snooze an A.M. Eatery
Starbucks
Chase Bank
Wildflower American Cuisine

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
102-03-3250
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£38,210
  • Listing ID: 32882046

  • Date on Market: 19/08/2024

  • Last Updated:

  • Address: 6584 N Oracle Rd, Tucson, AZ 85704

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