TUCSON, ARIZONA – Orange Tree Partners (Richard B Price, manager) bought 9.55 acres with improvements at 900 West Orange Grove Road in Tucson for $1.3 million ($3.13 PSF).
The infill property has dwellings on it originally build in 1931, a 3,133-square-foot SFR and two additional buildings in disrepair and is located in Casas Adobes west of Oracle Road on Orange Grove. It’s CR-1 zoning in Pima County allows for 1 SFR for every 36,000-square-feet but the buyer saw the potential for redevelopment for a luxury subdivision.
Rob Tomlinson of Cushman & Wakefield | Picor in Tucson represented the buyer and the seller, a private trust out of North Carolina.
For more information, Tomlinson should be reached at 520.546.2757.
To learn more, see RED Comp #5503.