RARE PRIME +/- 13-ACRES (ALL $7.9M or PART submit offers) in Central Tucson on high volume roadway; with income & vacant land for development; Near downtown & Starr Pass Resort, current revenue from a 43-UNIT MH-RV Park, several commercial leases 2026 - 2028 proforma that brings rents up-to market rates; CALL AGENT for pricing guidance on ALL PARCELS TOGETHER $7.9M (or) individual parcels that you plan to submit offers on separately. See progress copy of OM without financials, and note when offers are received the Owner will provide a NDA to share his financials. Also see courtesy AI assisted analysis of redevelopment scenarios & note stakeholder due diligence is required with ALL assumptions and estimates.
Owner prefers SALE of all parcels together ($7.9M), that includes convenience store long term lease at % gross sales, restaurant & tire store lease, 43 MH & RV spaces and approx 50% of the land vacant and ready to develop. Zoning varies, so this will require a NEW Development plan, and we have architects ready to help with this submission to development services. With highest and best use likely multi-family, or multi use for the vacant parcels, a successful offer would consider an appropriate +/- 7% CAP rate for the 2026 revenue plus the per SF land value for the vacant parcels. 2026 revenue is projected by the owner at $276K with 7.4% rent increases annually for the next few years until the MH RV rents are brought up-to market rates. Rents are considered well below market at this time. NOTE: There is a DOT traffic light located at the entrance to the convenience store and many curb cuts to access the property along the main roadway frontage. This is a PRIME LARGE LOCATION that is RARELY available in the central Tucson area! Call Steven for pricing; $7.9M for the entire project (or) submit offers on the parcel(s) of interest for your offer. 520-591-7233 voice or text
Call Steven Washburn (520-591-7233) for more info.
information provided via sources deemed reliable, though ALL BUYERS, LENDERS, SELLERS & STAKEHOLDERS must complete their own due diligence