Corner Retail Property with Two
3702 E Hardy Dr Tucson, AZ 85716
For Sale
Contact for pricing
Corner lot with a private yard and two income-producing street-level retail buildings along a popular walking and biking path.
Property Size3,549 SF
Price / SF$175
Days on Market53
Property Features for 3702 E Hardy Dr
General Information
- Standard status
- Active
- Size
- 3,549 SF
- Property subtype
- FLEX_R_AND_D
Listing Agency:
CBRE | Tucson
(520) 307-2336
Listed By:
Jeff Casper
(520) 307-2336
Source:
Moodyscre
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 21 at 6:02AM
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 CBRE | Tucson
Investment Insights
Based on property information with market context.
This corner retail property includes two separate buildings with street-level operations. Building 1 has a Hello Bicycle Café use on the first floor, and Building 2 is occupied by Hello Bicycle. The site is arranged on a corner lot and features a private yard.
The property is located on E Hardy Dr in Tucson, AZ, in an area described as high-demand with easy access to The Loop walking and biking path. It also sits within walking distance of Tucson Hop Shop and Ciao Down Pizza, supporting day-to-day neighborhood retail activity. Zoning is described as flexible. Please note that tenants are on-site and flexible timing is available, but you must not disturb tenants.
For buyers or operators seeking a retail-oriented purchase, the configuration provides two distinct building opportunities within the same corner-site setting. Existing café and bicycle-related retail use may be relevant for an owner looking to maintain continuity, or for a buyer evaluating retail redevelopment options under flexible zoning. All showings should be coordinated in advance due to active tenant occupancy.
The property is located on E Hardy Dr in Tucson, AZ, in an area described as high-demand with easy access to The Loop walking and biking path. It also sits within walking distance of Tucson Hop Shop and Ciao Down Pizza, supporting day-to-day neighborhood retail activity. Zoning is described as flexible. Please note that tenants are on-site and flexible timing is available, but you must not disturb tenants.
For buyers or operators seeking a retail-oriented purchase, the configuration provides two distinct building opportunities within the same corner-site setting. Existing café and bicycle-related retail use may be relevant for an owner looking to maintain continuity, or for a buyer evaluating retail redevelopment options under flexible zoning. All showings should be coordinated in advance due to active tenant occupancy.
Key Highlights
- Corner lot with a private yard and two street‑level income‑producing retail buildings
- Building 1 includes Hello Bicycle Cafe9 on the 1st floor
- Building 2 is currently Hello Bicycle
Financial Insights For Specialty Retail
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 | $51.1k | $14.40 |
| − Vacancy | −$2.9k | −$0.82 |
| EGI | $48.2k | $13.58 |
| − OpEx | −$12.0k | −$3.39 |
| NOI | $36.1k | $10.18 |
3,549 SF · lease $14.40/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$516.3K
$451.8K – $602.4K
NOI $36,144 @ 7.0% cap · market cap 5.82%
Second Best
Retail
$481.9K
$421.7K – $562.3K
NOI $33,735 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$921.9K
$806.7K – $1.08M
NOI $64,536 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hello Cafe
Cafe & Coffee Shop
Hello Bicycle
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Circle K — 3155 N Alvernon Way, Tucson, AZ 85712
- Hello Cafe — 3702 E Hardy Dr Suite 2, Tucson, AZ 85716
FAQs
What type of property is this?
Coffee shop - Corner lot with a private yard and two income-producing street-level retail buildings along a popular walking and biking path.
Where is this coffee shop located?
The property is located at 3702 E Hardy Dr Tucson, AZ.
What is the asking price?
The asking price for this property is $621,075.
What are key features of this property?
This property features: Corner lot with a private yard and two street‑level income‑producing retail buildings; Building 1 includes Hello Bicycle Cafe9 on the 1st floor; Building 2 is currently Hello Bicycle
