5050 Speedway Blvd Tucson, AZ 85712
- Bars
- 2,619 SF
- 0.50 lot acres
Current Use by Public Records
- The Bambi Bar / Bar
- The Bambi / Bar
- El Méxicano Sonoran Hot Dogs, LLC / Hot Dog Restaurant
Property Details for 5050 Speedway Blvd
- Year built
- 1948
- Construction
- FRAME
- Lot size
- 0.50 lot acres
- Property size
- 2,619 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 127-04-0530
- APU
- 127040530
Description
This exceptional 30,000 square foot lot, located at 5050 E. Speedway Blvd in Pima County, presents a unique investment opportunity. Currently vacant, this Class A property boasts a substantial 2,250 square foot building footprint, ideal for redevelopment. The C-2 zoning specifically permits the construction of a new freestanding drive-thru building, making it perfectly suited for quick-service restaurants (QSRs) or automotive-related businesses. The property's central location at a signaled intersection ensures high visibility and significant traffic counts, promising strong potential for any tenant. The APN numbers are 127-04-0530 and 127-04-0520. This single-tenant property offers a blank canvas for a new development, capitalizing on the high-traffic area and desirable zoning. The existing building provides a solid foundation for immediate occupancy or redevelopment, offering flexibility for a variety of commercial uses. The substantial lot size allows for ample parking and potential expansion. This is a rare opportunity to acquire a prime retail property in a high-demand location with significant upside potential. Don't miss out on this chance to secure a thriving commercial venture in a bustling area. The property is available for lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $780,000
- 6.5%
- $880,000
- 7%
- $820,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $745,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $985,000
- Retail
- $980,000
- Mixed-Use
- $780,000
- Hospitality
- $925,000
- Educational
- $970,000
- Residential Income
- $730,000
- Energy
- $920,000
- Income-Based Land
- $790,000
- Food Service
- $710,000
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.884
- Latitude
- 32.2356
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA