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Three-Story Downtown Office Building
For Lease
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345 E Toole Ave, Tucson, AZ 85701

Three-story office building offered for lease, with a downtown Tucson location near the streetcar and major arterials.

Space SizeContact for details
Days on Market213

Property Features for 345 E Toole Ave

General Information

Standard status Active
Property subtype OFFICE

Additional Details

Highway Access Yes

Building Details

Year Built 1907
Stories 3
Construction Flatiron-styled
Listing Agency: Volk Company Commercial Real Estate
Listed By: Brenna Lacey · License #SA022614000
Source: Volkco
Added: Mar 3 Changed: Sep 8 Last Checked: Oct 1 at 8:15AM

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 Volk Company Commercial Real Estate

Investment Insights

Based on property information with market context.

The MacArthur Building is a three-story office property with approximately 24,260 square feet. Public remarks describe it as a landmark, Flatiron-styled building located in Tucson’s downtown business district. The property also notes a zoning designation for highrise mixed-use development.

The building is listed as less than 1 mile from the University of Arizona and Interstate 10, and it is described as one block from the streetcar.

This offering is presented for lease as a distinct, multi-story downtown office building within the context of a mixed-use zoning designation for future development potential.

Key Highlights

  • Approximately 24,260 SF three‑story office building available for lease
  • Flatiron‑styled building in Tucson’s downtown business district
  • Zoned for highrise mixed‑use development

Property Analytics

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Current Use

Crown Chimp Film Production Madden Media Marketing & Advertising Valley Guide Magazine Travel Agency Tucson Golf Guide Publishing House MacArthur Building, Tucson Hotel & Motel

Suggested Use

Top Pick Dental Office Pharmacy Grocery & Convenience Store Storage Facility Veterinary Clinic Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,675
Businesses Nearby

Demographics for 85701, AZ

5,132
Population
3,631
Households
1.4
Avg Household Size
37
Median Age
57%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
3,421
Density / Sq Mi
$52,672
Median Household Income
$43,762
Median Earnings
$1,183
Median Rent
$451,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Tucson, AZ

$20.93 /SF/Yr
Avg Asking Price
$4.15–$30 /SF/Yr
Price Range
18,373 SF
Avg Space Size

Vacancy Rate% for Office in Tucson, AZ

8.9% 2019
9.1% 2020
9.6% 2021
10% 2022
8.8% 2023
10.2% 2024
9.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building offered for lease, with a downtown Tucson location near the streetcar and major arterials.
Where is this office building located?
The property is located at 345 E Toole Ave Tucson, AZ.
What are key features of this property?
This property features: Approximately 24,260 SF three‑story office building available for lease; Flatiron‑styled building in Tucson’s downtown business district; Zoned for highrise mixed‑use development
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