Historic Mixed-Use Live-Work
For Sale
$1,749,000
Pending
443 S Stone Ave, Tucson, AZ 85701
Flexible office and residential zoning supports a creative, multi-suite live-work concept with shared amenities.
Property Size5,039 SF
Days on Market270
Property Features for 443 S Stone Ave
General Information
Standard status
Pending
Size
5,039 SF
Property subtype
Multi-Family
Zoning
HC-3
Site & Location
Neighborhood
Barrio Viejo
Amenities
laundry rooms
courtyard
Building Details
Year Built
1937
Construction
adobe
Listing Agency:
Tierra Antigua Realty
Listed By:
Haydee Sanchez
(520) 389-4199
Source:
Viewtucsonhomesforsale
Added: Jan 31
Changed: Oct 25
Last Checked: Oct 28 at 8:58AM
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 Tierra Antigua Realty
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Investment Insights
Based on property information with market context.
This 5,039-square-foot mixed-use property, built in 1937, combines historic architectural character with a flexible live-work configuration. The layout includes 8 studios or creative office spaces, each planned with a new bathroom and kitchenette option. Additional improvements include 2 laundry rooms with 5 stackable hookups, an indoor storage or bonus room, and a courtyard.
HC-3 zoning allows a variety of office uses and permitted residential use. The property is located in Historic Armory Park in downtown Tucson, with public parking and spaces identified on 15th St and Stone Av. The setting has a 91/100 walking and biking score and access to TUGO Bikeshare.
HC-3 zoning allows a variety of office uses and permitted residential use. The property is located in Historic Armory Park in downtown Tucson, with public parking and spaces identified on 15th St and Stone Av. The setting has a 91/100 walking and biking score and access to TUGO Bikeshare.
Key Highlights
- 5,039‑square‑foot mixed‑use property built in 1937
- 8 studios or creative office spaces with new bathroom and kitchenette options
- HC‑3 zoning supports office uses and permitted residential use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,632
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,640
$1.5M
Cap Rate 7%
$1,051,886
$1.1M
Cap Rate 9%
$818,133
$818.1K
Market Conditions
NOI Build-Up for 5,039 SF
Gross rent
$108.8K $21.60/SF
− Vacancy
−$10.7K −$2.12/SF
EGI
$98.2K $19.48/SF
− OpEx
−$24.5K −$4.87/SF
NOI
$73.6K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,640
Cap Rate 7%
$1,051,886
Cap Rate 9%
$818,133
Alternative Uses
Best Use
Office B
$1.05M
$920.4K – $1.23M
NOI $73,632 @ 7.0% cap · market cap 4.21%
Second Best
Mixed Use
$884.3K
$773.8K – $1.03M
NOI $61,904 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,631 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,398
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible office and residential zoning supports a creative, multi-suite live-work concept with shared amenities.
Where is this mixed-use property located?
The property is located at 443 S Stone Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 5,039‑square‑foot mixed‑use property built in 1937; 8 studios or creative office spaces with new bathroom and kitchenette options; HC‑3 zoning supports office uses and permitted residential use
