Corner Lot Live-Work Creative
443 S Stone Avenue Tucson, AZ 85701
443 S Stone Avenue, Tucson, AZ, 85701
$1,749,000
For Sale
$1,749,000
Live-work building with eight creative spaces, each with a private bathroom and kitchenette option, plus a courtyard.
Property Size5,039 SF
Price / SF$347.09
Days on Market220
Property Features for 443 S Stone Avenue
General Information
- Standard status
- Active
- Size
- 5,039 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1937
Listing agency
Tierra Antigua Realty
(520) 389-4199
Listed by
Haydee Sanchez
(520) 389-4199
Source
Xome
Added: Dec 14, 2025 Updated: Jul 21 at 7:41PM Checked: Jul 21 at 7:41PM
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
Investment Insights
Based on property information with market context.
This corner lot live-work and creative building offers eight dedicated creative spaces, and each includes a private bathroom with a kitchenette option. The property has additional indoor amenities including two indoor laundry rooms, ample indoor storage, and a courtyard, with modern updates incorporated throughout while maintaining historic architectural and adobe character.
Situated in Historic Residential Armory Park, the building is described as historically associated with Amado’s Compound (around 1840–1940) and formerly used by Tucson’s Youth Music Center and The Fiddle Thrift Shop (between 1970–2022). Zoning is listed as HC-3, allowing for a variety of office uses along with permitted residential use. The remarks also note easy access to downtown businesses, shops, eateries, and social venues, as well as proximity to 5-Points and TUGO Bikeshare.
Situated in Historic Residential Armory Park, the building is described as historically associated with Amado’s Compound (around 1840–1940) and formerly used by Tucson’s Youth Music Center and The Fiddle Thrift Shop (between 1970–2022). Zoning is listed as HC-3, allowing for a variety of office uses along with permitted residential use. The remarks also note easy access to downtown businesses, shops, eateries, and social venues, as well as proximity to 5-Points and TUGO Bikeshare.
Key Highlights
- Live‑work building with 8 creative spaces, each with a private bathroom and kitchenette option.
- Zoned HC‑3 for a variety of office use and permitted residential use.
- Corner, subdivided lot (assessor lot size 0.15) with extra storage and access via paved road.
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 | $108.8k | $21.60 |
| − Vacancy | −$10.7k | −$2.12 |
| EGI | $98.2k | $19.48 |
| − OpEx | −$24.5k | −$4.87 |
| NOI | $73.6k | $14.61 |
5,039 SF · lease $21.60/SF/yr · vacancy 9.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Live-work building with eight creative spaces, each with a private bathroom and kitchenette option, plus a courtyard.
Where is this live-work space located?
The property is located at 443 S Stone Avenue 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: Live‑work building with 8 creative spaces, each with a private bathroom and kitchenette option.; Zoned HC‑3 for a variety of office use and permitted residential use.; Corner, subdivided lot (assessor lot size 0.15) with extra storage and access via paved road.
