2501 Elm St Tucson, AZ 85716
- Retail properties
- 10,980 SF
Current Use by Public Records
- Retail properties
Property Details for 2501 Elm St
- Year built
- 1970
- Property size
- 10,980 SF
- Property type
- Retail properties
- Property subtype
- Life science properties
Description
This exceptional 10,980-square-foot freestanding building, located at 2501 E Elm St in Tucson, Arizona, presents a unique investment opportunity. Currently vacant, this property offers significant potential for a variety of uses. Built in 1970, the building sits on a sizable lot with ample parking, accommodating 37 vehicles. The property boasts a convenient location in the historic Blenman Elm neighborhood, within a one-mile radius of numerous amenities. The asking price is $1,490,000, translating to $135.70 per square foot. The property is zoned C-1 by the City of Tucson, and importantly, already possesses approved building plans for a 47-bed inpatient drug and alcohol treatment center. This pre-approved plan significantly streamlines the development process for a qualified buyer. Beyond the treatment center plans, the versatile zoning also permits use as a medical office, R&D facility, retail space, or general office space. The APN is 123-02-288A. The building is currently in shell condition, providing a blank canvas for a buyer's vision. This property offers a rare combination of location, zoning flexibility, and pre-approved development plans, making it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving Tucson neighborhood. The zip code is 85716.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.935
- Latitude
- 32.2429