Oracle Road Assemblage in Oro Valley has Development Potential

Marlee Valencia Chuy’s, LLC (David Lee, manager) purchased 1.74 acres of vacant land located at 9806 N. Oracle Rd. in Oro Valley from The Cultured Cup, LLC (Sahba & Nasim Maani, members) for $150,000 ($1.98 PSF).

Usable land area is much smaller however, as the property is trisected into three pieces due to a dry wash running through it. Buyer plans to go through the hydrology reappointment of the wash for more usable land area.

The buyer also owns an adjacent 1.5 acres to the north of this parcel that includes an easement with Reflections Apartments for a total of approximately 2.5 acres for development.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the seller and David Lee with David Lee Real Estate Company, LLC, represented the buyer in this transaction.

For more information, Zimmerman can be reached at 520.546.2755 and Lee should be contacted at 520.795.3199.

To learn more, see RED Comp #4052.