Property profile

139 Toole Ave Tucson, AZ 85701

OFF-MARKET
Parking lots & garages
Property ID
US07-1611019
1.04 ac lot Built 2001
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional offering presents two prime development parcels ideally situated in the heart of Downtown Tucson, near the University of Arizona. The first parcel, located at 139 E Toole Ave (APN 117-16-007B), encompasses approximately 1.1 acres (47,916 square feet) and is zoned I-1 by the City of Tucson. This site benefits from several overlays, including the Infill Incentive District and Toole Avenue Sub District, allowing for the construction of a mid-rise building up to six stories and 75 feet in height. The second parcel, situated at 140 E Alameda St, comprises approximately 0.39 acres (16,800 square feet) and is zoned OCR-2 by the City of Tucson. This zoning permits buildings up to 300 feet in height. Both properties present significant potential for a variety of commercial and multifamily developments, capitalizing on the vibrant and growing Tucson market. The combined 1.49 acres offers a unique opportunity to create a substantial and impactful project in a highly desirable location. Detailed zoning information and site plans are available upon request. This is a rare chance to acquire strategically located land in a dynamic urban environment with excellent potential for high returns. Don't miss this opportunity to shape the future of Downtown Tucson.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 2001
Construction STEEL FRAME
Lot 1.04 ac (45,119 SF)
APN 117-16-007B
UPID US07-1611019

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

139 Toole Ave Tucson, AZ 85701
Tucson metro Census 402 TUCSON, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 139 Toole Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message