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    292 Freeway Tucson, AZ 85745

    For Sale
    $1,700,000

    High-traffic location, 3 parcels, C-3 zoning.

    Property size:
    900 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity encompasses three parcels totaling nearly an acre (0.98 acres, 42,863 square feet) at 292 S Freeway in Tucson, Arizona. Strategically located off the Congress Street exit and Cushing Street, this property benefits from its high-visibility position in a thriving commercial corridor, particularly advantageous during the annual Tucson Gem, Mineral, and Fossil Show. The combined parcels offer significant potential due to the C-3 zoning, allowing for diverse commercial uses. With a total building area of 900 square feet, the property presents a unique chance to develop or expand existing businesses. The location is highly desirable, boasting proximity to the revitalized downtown area, numerous hotels, a wide array of restaurants and entertainment venues, the University of Arizona, and convenient access to I-10. The individual parcel numbers are 116-20-024B, 116-20-025A, and 116-20-026A. This is a rare opportunity to acquire a prime commercial property in a high-demand area

    Property Features for 292 Freeway

    General Information

    Property type
    Other commercial real estate
    Square Feet
    900 SF
    Lot Size
    42,689 SF

    Building Details

    Year Built
    1956
    Property Profile Location Intelligence

    Current Use by Public Records

    Rapa River Llc Rock Shop

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9806
    Latitude
    32.21832

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 3 parcels, C-3 zoning.
    Where is this commercial real estate located?
    The property is located at 292 Freeway Tucson, AZ.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (520) 275-4077
    Request Owner's contact information
    292 Freeway Tucson, AZ 85745
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    292 Freeway Tucson, AZ 85745
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