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    3312 1St Ave Tucson, AZ 85719

    For Sale
    $500,000

    6-unit apartment, RV park, & retail

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This versatile Tucson property presents a unique investment opportunity. The 3,000 square foot mixed-use building, constructed in 1951, sits on a 0.35-acre lot (APN 113-04-1410) and boasts a Fee Simple ownership. The property includes six units: one 2-bedroom, 2-bathroom apartment ready for rent, and two fully leased commercial spaces. In addition, there are three RV spaces, offering diverse income streams. The current gross monthly rental income is $3,650. Utilities are billed to tenants. The property is zoned C-2, allowing for a variety of commercial and residential uses. Located at 3312 N 1st Ave, Tucson, AZ 85719, this property benefits from high visibility and traffic counts, estimated at 25,000-30,000 vehicles daily, according to Pima County data. Its strategic location offers easy access to major roads and is surrounded by shopping, dining, and parks. This prime location within an Enterprise Zone provides significant potential for both immediate income generation and future growth, making it an attractive investment for those seeking a diversified portfolio. The property's diverse income streams, combined with its prime location and flexible zoning, make it an exceptional opportunity in the Tucson market.

    Property Features for 3312 1St Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,000 SF
    Class
    C
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1951
    Units
    6

    HighLights

    • $500,000 asking price for a mixed‑use property in Tucson, AZ.
    • 3,000 square feet on a 0.35‑acre lot with C‑2 zoning.
    • Six units total: two leased commercial spaces, one rent‑ready 2bd/2ba apartment, and three RV spaces.
    • $3,650 current gross monthly rental income.
    • High traffic count of approximately 25,000‑30,000 vehicles daily.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.96094716133
    Latitude
    32.267057662392

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    FAQs

    What type of property is this?
    Individual retail property - 6-unit apartment, RV park, & retail
    Where is this individual retail property located?
    The property is located at 3312 1St Ave Tucson, AZ.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for a mixed-use property in Tucson, AZ.; 3,000 square feet on a 0.35-acre lot with C-2 zoning.; Six units total: two leased commercial spaces, one rent-ready 2bd/2ba apartment, and three RV spaces.
    Request Owner's contact information
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    Tucson, AZ 85719
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3312 1St Ave Tucson, AZ 85719
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