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    2550 1St Ave Tucson, AZ 85719

    For Sale
    $2,750,000

    Tucson retail center: high-traffic location.

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use investment opportunity presents a compelling value-add proposition. Located on North 1st Avenue in Tucson, Arizona, this property encompasses 13,000 square feet across multiple parcels (APN: 113-09-167, 116F, & 116D) totaling 0.97 acres. The property features five units within a single-story building constructed in phases between 1959 and 1982, and is zoned C-3. Currently, the center offers a mix of established tenants generating immediate rental income, with additional rentable space available for lease-up, maximizing potential returns. The property benefits from high visibility and accessibility, situated in a corridor with approximately 25,000-30,000 vehicles passing daily, according to Pima County traffic counts. This prime location offers excellent exposure to a substantial customer base and provides easy access to major roadways and local amenities. The asking price for this fee-simple ownership is $2,750,000. This presents a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving Tucson market. The property's diverse tenant mix, including a bar and storefront spaces, contributes to its strong cash flow and resilience. The substantial square footage and ample parking further enhance its appeal to both investors and potential tenants.

    Property Features for 2550 1St Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    13,000 SF
    Class
    C
    Lot Size
    42,253 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 13,000 SF multi‑tenant building on 0.97 acres in Tucson, AZ.
    • Partially leased with immediate rental income and lease‑up potential.
    • High visibility location with approximately 25,000‑30,000 vehicles passing daily (Pima County data).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lavender Body Care Massage Spa

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -110.96105212547
    Latitude
    32.253670626612

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    FAQs

    What type of property is this?
    Lifestyle center - Tucson retail center: high-traffic location.
    Where is this lifestyle center located?
    The property is located at 2550 1St Ave Tucson, AZ.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 13,000 SF multi-tenant building on 0.97 acres in Tucson, AZ.; Partially leased with immediate rental income and lease-up potential.; High visibility location with approximately 25,000-30,000 vehicles passing daily (Pima County data).
    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
    2550 1St Ave Tucson, AZ 85719
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