4000 29th St Tucson, AZ 85711-6111
- Retail space
- 1,632 SF
- 0.30 lot acres
Jun 03, 2021
Current Use by Public Records
- Coin Time Bitcoin ATM / Atm / Crypto Atm
- DB One Stop Shop Smoke Shop #2 / Tobacco Shop / Store
- Kurdistan Smoke Shop / Tobacco Shop
- LibertyX Bitcoin ATM / Atm
Property Details for 4000 29th St
- Year built
- 1989
- Construction
- FRAME
- Lot size
- 0.30 lot acres
- Property size
- 1,632 SF
- Property type
- Retail space
- APN
- 130-18-001K
- APU
- 13018001K
Description
This freestanding, 1,600 square foot retail building is located at 4000 E 29th St, Tucson, AZ 85711, a high-traffic intersection with over 45,000 vehicles per day. Situated on a 0.31-acre lot, the property boasts 14 parking spaces and prominent frontage on 29th Street, allowing for large monument signage. Currently vacant, this Class C building presents a value-add opportunity for a variety of uses, including convenience stores, quick-service restaurants (QSR), and fast food establishments. The permitted C-2 zoning allows for flexibility in tenant selection. The asking price is $500,000, translating to $312.50 per square foot. A significant advantage is the inclusion of a Type 10 Beer and Wine License, conveyed by the owner as part of a lease agreement. The property's convenient location near the Air Force Base and Fry's Grocery store further enhances its appeal. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving Tucson neighborhood. The property's APN is 130-18-001K.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $260,000
- ML approach
- $255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $260,000
- 6.5%
- $240,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $282,000
- AI Estimate
- $178,000
Market price range: $165k - $342kMarket price range: $87.9k - $226k
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.907
- Latitude
- 32.1993
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA