3565 Speedway Blvd Tucson, AZ 85716
- Retail space
- 4,050 SF
- 0.37 lot acres
Current Use by Public Records
- Hi-Fi Workshop / Stereo Repair Service / Audio Visual Equipment Repair Service
- Nur Market & Restaurant / Restaurant / Grocery Store
- Big Frog Custom T-Shirts & More / Custom T-Shirt Store / Embroidery Service
- Complete Window Coverings Inc. / Window Treatment Store / Interior Designer
- Farmers Insurance - Nathan Pederson / Insurance Agency / Auto Insurance Agency
Property Details for 3565 Speedway Blvd
- Year built
- 2004
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 4,050 SF
- Property type
- Retail space
- APN
- 122-18-431A
- APU
- 12218431A
Description
This 3,860-square-foot storefront, located at 3565 E Speedway Blvd in Tucson, Arizona (zip code 85716), presents a compelling investment or owner-user opportunity. Currently occupied by Nur Market, an established ethnic market operating for 16 years, the property boasts excellent visibility and frontage on Speedway Boulevard, a major thoroughfare with a high daily traffic volume of 46,014 vehicles. The property sits on a 10,454-square-foot lot and is zoned C-2 by the City of Tucson. Built in 1965, this single-tenancy retail space offers a prime midtown location, conveniently situated near the University of Arizona and downtown Tucson. The property benefits from a signalized intersection and shared ingress/egress. While the current lease with Nur Market expires on December 31, 2025, the tenant has indicated a willingness to extend. The asking price is $825,000, translating to $213.73 per square foot. This presents a rare opportunity to acquire a well-located, established retail property in a thriving Tucson neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $430,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $375,000
- Mixed-Use
- $495,000
- Hospitality
- $385,000
- Educational
- $395,000
- Residential Income
- $475,000
- Energy
- $380,000
- Income-Based Land
- $515,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.916
- Latitude
- 32.2368
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA