Free-Standing Restaurant and Retail
621 North 4th Avenue Tucson, AZ 85705
621 North 4th Avenue, Tucson, AZ, 85705
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For Sale
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Historic free-standing building with 45 feet of direct frontage on 4th Avenue and a dedicated street-side patio seating area.
Property Size2,529 SF
Price / SF$268.49
Days on Market23
Property Features for 621 North 4th Avenue
General Information
- Standard status
- Active
- Size
- 2,529 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1939
Listing agency
High Plains on Fourth Ave LLC
Listed by
Esperance Nasser · License #AZ
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 11:54AM Checked: Jul 21 at 11:54AM
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 High Plains on Fourth Ave LLC
Investment Insights
Based on property information with market context.
This historic, free-standing building offers a turn-key footprint for restaurant operators, retailers, or investors, totaling 2,529 square feet. The property features 45 feet of direct frontage along 4th Avenue, plus a dedicated street-side patio seating area.
The building is positioned on a high-density retail and dining corridor in Tucson, minutes from the University of Arizona. A Modern Streetcar stop is located directly across the street, providing convenient transit access for surrounding foot traffic.
With its street-facing presence and patio setup, the space is designed to support visible customer interaction along a heavily active commercial avenue.
The building is positioned on a high-density retail and dining corridor in Tucson, minutes from the University of Arizona. A Modern Streetcar stop is located directly across the street, providing convenient transit access for surrounding foot traffic.
With its street-facing presence and patio setup, the space is designed to support visible customer interaction along a heavily active commercial avenue.
Key Highlights
- Historic 2,529 SF free‑standing building built in 1939
- 45 feet of direct frontage on 4th Avenue
- Dedicated street‑side patio seating area
Local 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 | $42.5k | $16.80 |
| − Vacancy | −$3.4k | −$1.34 |
| EGI | $39.1k | $15.46 |
| − OpEx | −$9.8k | −$3.86 |
| NOI | $29.3k | $11.59 |
2,529 SF · lease $16.80/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$418.8K
$366.5K – $488.6K
NOI $29,316 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$353.9K
$309.7K – $412.9K
NOI $24,772 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$582.0K
$509.2K – $679.0K
NOI $40,737 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Zyka Twist
Restaurant
Greater Tucson Cremation ...
Social Service Agency
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FAQs
What type of property is this?
Retail space - Historic free-standing building with 45 feet of direct frontage on 4th Avenue and a dedicated street-side patio seating area.
Where is this retail space located?
The property is located at 621 North 4th Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Historic 2,529 SF free‑standing building built in 1939; 45 feet of direct frontage on 4th Avenue; Dedicated street‑side patio seating area
