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    OFF-MARKET
    Retail space

    1009 Grande Ave, Tucson, AZ 85745-2401

    2,376 SF 0.44 ac lot Built 1991
    Individually Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US07-0161281
    Property summary
    AI-generated overview

    This turnkey restaurant opportunity presents the chance to acquire the established Mariscos Chihuahua, a beloved Tucson dining destination since the 1970s. Located in Barrio Hollywood, near downtown, off Speedway and I-10, this iconic restaurant boasts a charming Old Pueblo atmosphere, complete with a stunning fountain entryway and an inviting outdoor patio. The 3,338 square foot property sits on a 0.71-acre lot and includes two buildings, each one story. The main restaurant offers ample seating, while a private Casita provides space for smaller gatherings. The lush outdoor patio, shaded by a 30x30 canopy, is surrounded by a variety of citrus and fruit trees, creating a serene dining experience. The fully equipped kitchen features a hood and a filtered water system. All furniture, fixtures, and equipment are included in the sale, along with two storage containers. A food truck is available separately. The property is zoned C1 and was built in 1952. This is a fee simple ownership opportunity priced at $2,500,000. The restaurant's commitment to fresh, high-quality, locally sourced ingredients ensures a delightful dining experience, making this a truly exceptional investment opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1991
    Construction FRAME
    Total area 2,376 SF
    Lot 0.44 ac (18,975 SF)
    APN 116-12-019A
    UPID US07-0161281
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mariscos Chihuahua on Grande Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Cirilo Preciado · 22 yrs held
    Cirilo Preciado
    since 2004
    3 recorded transactions
    2004
    $87,000
    2001
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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