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Marana AZ - Ina Road
Why Buy This Property
OPPORTUNITY
What an incredible and rare opportunity! This thirteen acre property is in a high-demand infill development location. The property is zoned - Zone E - Transportation Corridor. Parcel 1 with frontage on Ina Road is attractive for commercial or retail use.
LOCATION
The tracts are located in the town of Marana, just north of the City of Tucson, on the north side of Ina Road, and just west of Interstate 10, connecting Tucson, Phoenix, and beyond.
CAPITAL INVESTMENT
To prepare the land and soil for vertical construction, $1.6 million was spent by the seller on hard construction costs to clear the land, over-excavate to a depth of 6 feet, and remediate the soil, compact, and grade, all per the soil engineer’s recommendations. See the invoice and description for this project in the Bidder’s Information Packet labeled as file:
3.2 - Haydon Pay Application of site work and soil remediation.pdf
WHY BUY THIS PROPERTY
• High demand infill industrial/commercial development location
• Close to downtown Tucson
• Easy access to public transportation
• Close to I-10 & major transportation routes
• Traffic Count – Ina Rd. 13,900 VPD, Interstate10 97,000 VPD
PLANS WERE PREVIOUSLY APPROVED FOR A GROW FACILITY
Pans were previously approved for its use as a Medical Marijuana Facility consisting of a dispensary with on-site cultivation indoor greenhouse operation. Plans for this operation are included in the sale of the property.
Description
ADDRESS: 5370 West Ina Road, Marana, AZ 85743
JURISDICTION: Town of Marana, Pima County, Arizona
PARCEL SIZE: 13 Acres
TAX IDENTIFICATION NUMBER: 226-35-075D2
REAL ESTATE TAXES: $51,114.19 (2023)
ACCESS: Access is from Ina Road.
UTILITIES: The property is not presently serviced for municipal water or sanitary sewer from the Town of Marana. Electricity was previously provided to the property by Tucson Electric Power.
ZONING: Zoning Designation E – Transportation Corridor.
Property Location
Auction / Date / Time
December 19, 2023 2:00 P.M. Arizona TimeOffering Strategy
SEALED BID AUCTION - This property will be sold subject to the Minimum Bid and the Terms of Sale. This is a sealed bid auction event. Bidders may bid for a single parcel, any combination of parcels, or the entirety. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and wire-transferred funds to the Title Company listed in the Purchase and Sale Contract in advance of bidding. See Bidder's Information Packet for more details.
Inspection Dates
Inspections are by appointment only.
When you inspect the property, a 0representative of the auction company will provide a tour of the property and be available to answer questions. Please call (312) 278-0600 extension 101 to schedule your inspection.
Registration and government-issued photo identification are required by all persons attending any and all property inspections.
Auction Location
Sealed Bid Auction- This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet is required to bid. Bidders are required to submit a wire-transferred auction deposit to the Title Company listed in the Purchase and Sale Contract and fill in and sign the auction Purchase and Sale Agreement in order to bid. See Bidder's Information Packet for more details.
Bids are to be delivered to Fine & Company LLC via email to info@fineandcompany.com on or before 2:00 p.m. local time on the date of the auction. The Sale Contract is important for you to review and understand. Should you have any questions, please contact Fine & Company at 312.278-0600 extension 101.
Bids received after the bid deadline will not be eligible for consideration and will be returned to the sender.
Details
Certified Funds To Bid : $40,000 in Certified Funds is Required to Bid. See Bidder's Information Packet for Details
Buyer's Premium (Buyer's Fee) : 10% of the bid price
In Cooperation With : John A. Weaver, Licensed Arizona Broker
Order Bidder's Information Packet
A Bidder's Information Packet is required to bid. The packet includes auction and property information, title report, Phase I Environmental Assessment, ALTA Survey, real estate tax bills, local information, auction purchase and sale agreement, auction deposit agreement, and terms of sale.
Bidder's Information Packets are available in PDF format for $30.00. To order your Packet click on the link below to download the order form.
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-278-0600
michael@fineandcompany.com
Other Information
Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to the REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.
Licensing : Michael A. Fine Licensed AZ Broker
Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet.
Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.