Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    601 Simpson St Tucson, AZ 85701

    For Sale
    $5,560,000

    Prime 5.59-acre lot, I-1 zoning, I-10 access.

    Property size:
    243,374 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5.59-acre commercial and industrial lot presents a rare development opportunity in the heart of Tucson, Arizona. Strategically located near the Tucson Convention Center and directly off Interstate 10, this property boasts unparalleled accessibility and visibility. The lot is zoned I-1, offering a wide range of potential uses. With a substantial 243,374 square feet of land, the site is ideal for large-scale projects. The property's location makes it particularly well-suited for businesses catering to the annual Gem Show, offering significant potential for high returns. Furthermore, the permitted 75-foot maximum building height allows for the development of multi-family dwellings, apartments, or even a hotel, significantly expanding the investment possibilities. The property's address is 601 W Simpson St, Tucson, AZ 85701, within Pima County. Parcel numbers are 116-23-155E and 116-23-2080. The asking price for this unique opportunity is $5,560,000. This is an individually owned property.

    Property Features for 601 Simpson St

    General Information

    Property type
    Land
    Square Feet
    243,374 SF
    Lot Size
    243,500 SF

    HighLights

    • 5.59‑acre lot with I‑10 frontage.
    • Proximity to the Tucson Convention Center.
    • Ideal location for Gem Show vendors.
    • 75‑foot building height allowance.
    • I‑1 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JG&M Expo Jewelry Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Law Firm 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
    -110.97825
    Latitude
    32.214126

    Nearby Similar for Sale

    • $1,749,000
      5,039 SF

      Historic Tucson Quadruplex Live/Work Space

      Historic Armory Park quadruplex with modern live/work functionality.
      443 S Stone Ave, Tucson, AZ 85701
      View Details
    • $1,749,000
      5,039 SF

      Historic Tucson Commercial Live-Work Property

      Corner lot property with modern updates in historic Armory Park.
      443 S Stone Ave, Tucson, AZ 85701
      View Details
    • $499,700
      2,558 SF

      Remodeled Duplex on R-3 Zoned Lot

      Fully remodeled duplex in Central Tucson with seller financing available.
      3281 N Flanwill Blvd, Tucson, AZ 85716
      View Details
    • $9,000,000
      11.13 Acres

      Tucson Guest Ranch and Villas

      Historic 11.1-acre guest ranch and resort in Tucson's Tanque Verde Valley.
      10700 E Tanque Verde Rd, Tucson, AZ 85749
      View Details
    • $1,800,000
      7,528 SF

      New Construction Duplexes Near University

      Eight-unit multifamily property near the University of Arizona and I-10.
      4061 E Monte Vista Dr, Tucson, AZ 85712
      View Details
    • $1,400,000
      16,395 SF

      Tucson Former Training Center

      Former training center on 2 acres with redevelopment potential.
      3767 E Grant Rd, Tucson, AZ 85716
      View Details

    FAQs

    What type of property is this?
    Land - Prime 5.59-acre lot, I-1 zoning, I-10 access.
    Where is this land located?
    The property is located at 601 Simpson St Tucson, AZ.
    What is the asking price?
    The asking price for this property is $5,560,000.
    What are key features of this property?
    This property features: 5.59-acre lot with I-10 frontage.; Proximity to the Tucson Convention Center.; Ideal location for Gem Show vendors.
    Request Owner's contact information
    601 Simpson St Tucson, AZ 85701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Simpson St
    Tucson, AZ 85701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    601 Simpson St Tucson, AZ 85701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.