2501 Elm St Tucson, AZ 85716
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.