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    345 Toole Ave Tucson, AZ 85701

    Sponsored
    For Lease
    $10 SF/Yr

    Historic Downtown Tucson Office Building; 24,260 SF Available

    Lot size:
    24,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The MacArthur Building presents a unique opportunity to lease a landmark three-story office building in Tucson's vibrant downtown. This approximately 24,260 square foot Class A property, built in 1908 and renovated in 2009, boasts a distinctive flat-iron style architecture. The building offers a blend of historical charm and modern amenities, featuring large windows with expansive views of the city and surrounding mountains. Currently, the entire 24,260 square feet is available for lease as a single space, making it ideal for a large tenant seeking a prominent downtown location. The building includes 90 parking spaces and elevators for convenient access to all three floors. Its OCR-2 zoning allows for office and retail uses, and even high-rise mixed-use development potential. Located less than a mile from the University of Arizona and Interstate 10, and just one block from the streetcar, this property enjoys exceptional accessibility and visibility. Surrounded by thriving commercial, cultural, and residential activity, the MacArthur Building offers a prestigious address in the heart of Tucson's downtown business district. This one-of-a-kind structure represents a rare opportunity to secure a significant presence in a highly desirable location.

    Property Features for 345 Toole Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,260 SF
    Class
    A
    Total Rate
    20216.67

    Building Details

    Year Built/Renovated
    1908/2009
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    24,260 SF
    Rate per SF
    $10

    HighLights

    • 24,260 SF Class A office building available for lease.
    • Entire building (24,260 SF) vacant.
    • Three‑story building with 90 parking spaces.
    • Located in Tucson's Downtown submarket, near the University of Arizona and I‑10.
    • Features a blend of historic architecture (built 1908, renovated 2009) and modern interiors.
    • Zoned OCR‑2 (Office and Retail), allowing for high‑rise mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crown Chimp Video Production Service Madden Media Website Designer Valley Guide Magazine Tourist Information Center Tucson Golf Guide Publisher MacArthur Building, Tucson Hotel

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.96750889
    Latitude
    32.22344135

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    FAQs

    What type of property is this?
    Office space - Historic Downtown Tucson Office Building; 24,260 SF Available
    Where is this office space located?
    The property is located at 345 Toole Ave Tucson, AZ.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 24,260 SF Class A office building available for lease.; Entire building (24,260 SF) vacant.; Three-story building with 90 parking spaces.
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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
    345 Toole Ave Tucson, AZ 85701
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