Former Restaurant and Event
6350 E Tanque Verde Rd. Tucson, AZ 85715
6350 E Tanque Verde Rd., Tucson, AZ, 85715
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For Sale
Contact for pricing
Turnkey former restaurant and event center includes a full commercial kitchen, bar, dance floor, stage, and patio.
Property Size8,174 SF
Price / SF$293.61
Days on Market13
Property Features for 6350 E Tanque Verde Rd.
General Information
- Standard status
- Active
- Size
- 8,174 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agency
Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
(520) 546-2770
Listed by
Aaron LaPrise · License #AZ BR556758000
Source
Crexi
Added: Jul 9 Updated: Jul 21 at 7:52AM Checked: Jul 21 at 7:52AM
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 Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Investment Insights
Based on property information with market context.
This former restaurant and event center offers a turnkey entertainment and hospitality setup with a full commercial kitchen and bar, along with a dance floor, stage, and DJ booth. Outdoor space is provided by an attached patio. The building also features monument signage.
The property is located along Tanque Verde Rd in an established east Tucson trade area, offering strong visibility and access. A cross parking agreement with adjacent properties is in place to provide excess parking.
Zoning is listed as C-2, allowing a 40’ height. This supports potential second-story development and other redevelopment options, subject to applicable requirements. An Opportunity Zone series liquor license is also described as available for separate purchase.
The property is located along Tanque Verde Rd in an established east Tucson trade area, offering strong visibility and access. A cross parking agreement with adjacent properties is in place to provide excess parking.
Zoning is listed as C-2, allowing a 40’ height. This supports potential second-story development and other redevelopment options, subject to applicable requirements. An Opportunity Zone series liquor license is also described as available for separate purchase.
Key Highlights
- Former restaurant and event center with full commercial kitchen, bar, dance floor, stage, DJ booth, and patio
- Year built 1980
- C‑2 zoning allows 40’ height, supporting second story, roof deck, or other redevelopment uses
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 | $117.7k | $14.40 |
| − Vacancy | −$6.7k | −$0.82 |
| EGI | $111.0k | $13.58 |
| − OpEx | −$27.7k | −$3.39 |
| NOI | $83.2k | $10.18 |
8,174 SF · lease $14.40/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,247 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$846.2K
$740.4K – $987.2K
NOI $59,233 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,639 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
THE EVENT TUCSON
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey former restaurant and event center includes a full commercial kitchen, bar, dance floor, stage, and patio.
Where is this conventional restaurant located?
The property is located at 6350 E Tanque Verde Rd. Tucson, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Former restaurant and event center with full commercial kitchen, bar, dance floor, stage, DJ booth, and patio; Year built 1980; C‑2 zoning allows 40’ height, supporting second story, roof deck, or other redevelopment uses
