Property profile & analytics
219 3rd Ave Tucson, AZ 85705-8571
- Grocery and convenience stores
- 8,820 SF
- 0.56 lot acres
OFF-MARKET
Value Estimations
$1,380,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US07-3488690
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Modern Hue Aesthetics / Spa & Massage Center / Skin Care Clinic
- Settled Nomads Collective / Real Estate Agency
- Willow Salon / Hair Salon
Property Details for 219 3rd Ave
- Year built
- 1937
- Construction
- FRAME
- Lot size
- 0.56 lot acres
- Property size
- 8,820 SF
- Property type
- Grocery and convenience stores
- APN
- 117-06-0640
- APU
- 117060640
Description
This exceptional 9,938-square-foot commercial property, located at 219 N. 3rd Avenue in Tucson's vibrant Historic Iron Horse Neighborhood, presents a unique investment opportunity. Built in 1937, this historic industrial building boasts striking architectural features including a wooden barrel-vaulted ceiling, exposed metal trusses, vintage industrial skylights, and impressive double-wide brick walls. The property is zoned C-2 by the City of Tucson and situated in Pima County. Currently configured for multiple tenants, this adaptive reuse redevelopment offers a blend of retail and office space, making it ideal for a variety of businesses. A significant 2,569 square feet of space is currently available for lease. The building offers ample parking with 32 or more spaces on-site, providing convenient access for tenants and customers. Its prime location is just one block from the Sun Link modern streetcar stop, ensuring excellent public transportation access. This property offers a rare chance to own a piece of Tucson's history while capitalizing on its modern conveniences and strong location. The building's character and functionality make it an attractive option for businesses seeking a unique and well-located space.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,705,000
- 6.5%
- $1,575,000
- 7%
- $1,460,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $860,000
Market price range: $860k - $1.45M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,615,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,265,000 Change: +40% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,160,000 Change: +33% Conversion: Easy
- MEDICAL BUILDING
- $1,970,000 Change: +22% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,695,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.964
- Latitude
- 32.2245
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,608
$26,346
$143,264
$169,610
-
$146,364
$795,912
$942,276
