Retail Property on Busy
329 E Grant Rd Tucson, AZ 85705
329 E Grant Rd, Tucson, AZ, 85705
Contact for pricing
For Sale
Contact for pricing
Pending
Retail property on Grant Rd with C-2 zoning.
Property Size3,000 SF
Days on Market621
Property Features for 329 E Grant Rd
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Building Details
- Year Built
- 1963
Listing agency
MFI Commercial
(888) 834-3730
Listed by
Elan Spreiser · License #AZ BR669862000
Source
Crexi
Added: Nov 7, 2024 Updated: Jul 6 at 8:37AM Checked: Jul 20 at 4:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MFI Commercial
Investment Insights
Based on property information with market context.
This strategically positioned retail property is located on Grant Rd, a main thoroughfare in Tucson, Arizona. The property benefits from excellent visibility and accessibility due to its location on a busy corridor. It is surrounded by established businesses and services. The property is zoned C-2, offering flexibility for various commercial uses. The property provides immediate rental income and potential for future growth in a high-traffic area. The property size is 3,000 square feet.
Key Highlights
- Immediate rental income stream.
- High‑traffic location on Grant Rd.
- C‑2 zoning allows for diverse commercial uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $19.80 |
| − Vacancy | −$13.4k | −$4.46 |
| EGI | $46.0k | $15.35 |
| − OpEx | −$11.5k | −$3.84 |
| NOI | $34.5k | $11.51 |
3,000 SF · lease $19.80/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$493.2K
$431.6K – $575.4K
NOI $34,526 @ 7.0% cap · market cap 4.60%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$690.3K
$604.1K – $805.4K
NOI $48,324 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Box'd Market
Big Box & Wholesale Store
Kaleo Wireless
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Retail property on Grant Rd with C-2 zoning.
Where is this mixed-use property located?
The property is located at 329 E Grant Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Immediate rental income stream.; High‑traffic location on Grant Rd.; C‑2 zoning allows for diverse commercial uses.
