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    1st Ave. & Grant Rd Tucson, AZ 85719

    For Lease
    $22 SF/Yr

    Prime Tucson Strip Mall, 57,900 SF

    Lot size:
    57,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Coronado Plaza Shopping Center presents a compelling investment opportunity in the thriving Tucson, Arizona market. This well-located retail strip center boasts a total of 57,900 square feet of leasable space, situated at the northeast corner of 1st Avenue and Grant Road, in the highly desirable 85719 zip code. The property offers excellent visibility and accessibility, benefiting from high traffic counts and proximity to major thoroughfares. Currently, there is one available space measuring 1,107 square feet, ideal for a variety of retail uses. However, the center's flexibility extends beyond this, with a maximum contiguous space of 12,675 square feet available for larger tenants seeking expansion or a prominent presence. The minimum divisible space is 1,107 square feet, allowing for adaptability to suit diverse business needs. The property's multiple tenancy structure ensures a diversified income stream and a robust tenant base. Located in Pima County, Arizona, Coronado Plaza Shopping Center offers a strategic location within a dynamic and growing commercial area. This presents a unique chance to acquire a well-established retail property with significant potential for future growth and return on investment. The property's size and location make it an attractive option for both individual investors and larger portfolio holders seeking a strong addition to their real estate holdings.

    Property Features for 1st Ave. & Grant Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,900 SF
    Total Rate
    106150

    Unit(s) available at that property

    Space
    Suite 131
    Size
    1,107 SF
    Rate per SF
    $22

    HighLights

    • Strong anchor tenant: ±57,900 SF Fry's Food & Drug Store.
    • 1,107 SF retail space available for lease.
    • High traffic count: 76,413 vehicles per day (Grant & 1st Street intersection).
    • Densely populated trade area.
    • Excellent location near the University of Arizona.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.1175767
    Latitude
    32.2625656

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Tucson Strip Mall, 57,900 SF
    Where is this neighborhood center located?
    The property is located at 1st Ave. & Grant Rd Tucson, AZ.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Strong anchor tenant: ±57,900 SF Fry's Food & Drug Store.; 1,107 SF retail space available for lease.; High traffic count: 76,413 vehicles per day (Grant & 1st Street intersection).
    Request Owner's contact information
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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
    1st Ave. & Grant Rd Tucson, AZ 85719
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