Placita Escondida

Luxury Condominium Community located in Tucson, AZ

Offered for sale exclusively by Andy Courtney Properties, LTD.

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For more information on Placita Escondida, call us at 520-290-5700

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  • Price – $6,500,00
  • No. Units 166
  • Cap Rate 7%

 Property Description

Placita Escondida is a luxury condo community located at the crossroads of the prime intersection of River and Campbell next to the Riverwalk and adjacent to Saint Phillips Plaza. There are 34 existing luxury condo units and 11 additional building pads for construction of 132 additional units ready for development with entitlements and infrastructure already in place.

 

Placita Escondida located within walking distance to dozens of restaurants, businesses, and high end boutique shopping at River and Campbell, with direct Riverwalk access to miles of biking, walking, and jogging paths, and a short drive from drive from the University of Arizona, Downtown Tucson, and the affluent Catalina Foothills.

 

This highly desirable location of land that has already been platted and ready to built creates an attractive opportunity for developers looking for cash flow or a return on investment. The current plans allow for additional construction of 132 units within 11 buildings.

Property Highlights

  • Highly desirable, North/Central Tucson location
  • 34 Existing Luxury Condo units for sale
  • Building pads for 11 additional buildings, 132 Units
  • Entitlements and infrastructure already in place
  • Walking distance to Saint Phillips Plaza and Joesler Village