4615-4651 1St Ave Tucson, AZ 85718
- Retail properties
- 16,985 SF
Current Use by Public Records
- Retail properties
Property Details for 4615-4651 1St Ave
- Year built
- 1971
- Property size
- 16,985 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents five Class B executive office buildings totaling 16,985 net rentable square feet on a 45,911 square foot lot in Tucson, Arizona. Located at 4615-4651 North First Avenue, this fee-simple property boasts excellent visibility with prominent First Avenue frontage within the Tucson Mall trade area. The buildings, constructed in 1971, offer various unit sizes ranging from 1,500 to over 16,000 square feet, allowing for flexibility to combine units if desired. The property features ample parking (4.6 spaces per 1,000 square feet) and multiple access points. The TR zoning permits office, medical, or light retail uses, providing diverse income potential. Most tenants are on short-term leases, offering a buyer the chance to occupy the space or establish long-term rental income. The property benefits from no owner's association dues and is situated near River Road at the base of the foothills. An Alta Survey and Phase One environmental report are available. A proposed First Avenue widening project may enhance the property's appeal with added pedestrian amenities. This unique owner-user opportunity allows for occupancy, rental income generation, or a combination of both. The asking price is $2,033,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.961
- Latitude
- 32.2921
