RARE PRIME +/- 13-ACRES in Central Tucson on high volume roadway; with income & vacant land for development; Near downtown & Star Pass Resort, current revenue from a 43-UNIT MH-RV Park, several commercial leases 2026 - 2027 - 2028 proforma that brings rents up-to market rates; CALL AGENT for pricing guidance on ALL PARCELS TOGETHER (or) individual parcels that you plan to submit offers separately. See progress copy of OM without financials, and note when offers are received the Owner will provide and NDA to share his financials.
Owner prefers SALE of all parcels together, that includes convenience store long term lease at 4.75% 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 of the entire project or the parcel of interest for your offer. 520-591-7233 voice or text
Call Steven Washburn (520-591-7233) for more info.