This Land Property is no longer advertised on LoopNet.com.

4550 S. Palo Verde
Tucson, AZ 85714
Land For Sale · 0.65 AC

Investment Highlights

  • Critical Land Lease for the Adjacent Humberto S. Lopez Center of Opportunity
  • There are Only Eight Years Remaining of a 50 Year Ground Lease that is Below Market Rent and has a High Probability of Renewal
  • Positioned at the Hard Corner of E Michigan St and S Palo Verde Rd
  • All the Utilities to the Center Run through the Lot with No Easement and the Lot is Also Needed to Meet Parking Municipality Requirements
  • 8 Years Remaining in Term with 10% Rent Increase in January 2026
  • Located 4 Miles North of Tucson International Airport

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.65 AC
Cross Streets Interstate 10
Zoning C - Commercial

Description

.65 acre outlot with all utilities to site

Property Taxes

Property Taxes

Parcel Number
132-20-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$22,844
  • Listing ID: 28146058

  • Date on Market: 4/5/2023

  • Last Updated:

  • Address: 4550 S. Palo Verde, Tucson, AZ 85714

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