Sold
Closed
5501 N Oracle Road
Tucson AZ, 85704
$1,700,000
$106.42 per sqft
Sold
Closed
15,975 sqft
Commercial
Built in 1979
Oracle Office Plaza is a fully leased multi tenant office property located along the busy artery of Oracle Rd. Most tenants are service providers, requiring in person contact with clients to faciliate their business. They include a physical therapist, dentist, medical aesthetics, beauty services, insurance provider, lender, and medical infusions. Being a multi tenant property, the risk of vacancy is spread across the nine tenants, with recent five year renewals and other tenants on longer leases. Landlord has made improvements to the vacant spaces to attract tenants and stabilise the property. A property manager has been installed and could remain for those investors who prefer to be hands off.
22326185
MLSⓇ ID
December 5, 2023
Listed
August 23, 2024
Updated
Map
5501 N Oracle Road
Tucson AZ, 85704
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Heat Pump
Exterior/Building Features
Lot Size
1.75 Acres
Roof
Built-Up
Sewer
Connected
Other Property Details
Area Name
North
Taxes
$42,804
Tax Frequency
Annually
Days on Market
129
Association Fee
$106
Garage
No
Parking
Free
Parking Total
85
View
No
County
Pima
Water Source
City
Pool
No
Zoning
Pima County - TR
Listing History
Date | Event | Price |
|---|---|---|
8/16/2024 | Sold | $1,700,000 |
4/12/2024 | Under contract | — |
3/12/2024 | Price change | $1,850,000 -6% |
12/13/2023 | Price change | $1,950,000 -10% |
Listed by John W Hamner with RE/MAX Excalibur Realty
Listing Contact:
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Data last updated on 8/23/2024 at 4:02 PM UTC
