245 Plumer Ave, Tucson, AZ 85719-6303
- Manufacturing properties
- 27,600 SF
- 2.73 lot acres
Current Use by Public Records
- Photonics Automation Specialties / Electronics & Wireless Store / Big Box & Wholesale Store
- JEFF SMITH / Photography Service / (Bike/Boat/Book/etc) Store
- A Speed Repair / General Contractor
- Zona Recording Studios / Recording Studio
- SPE Electrical Services / Electrical Service / General Contractor
Property Details for 245 Plumer Ave
- Year built
- 1977
- Construction
- FRAME
- Lot size
- 2.73 lot acres
- Property type
- Manufacturing properties
- APN
- 129-01-038A
- APU
- 12901038A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 15, 2021 | $4,453,000 | Pegasus Tucson Owner LLC | Plumer Partners LLC | Special Warranty Deed | — |
| Oct 21, 2020 | — | Plumer Partners LLC | — | Deed · related | $1.7M · National Bk/az |
| Aug 14, 2015 | $2,578,000 | Plumer Partners LLC | Colwell Family Limited Partnership | Special Warranty Deed | $2M · Enterprise Bank & Trust |
| Dec 30, 1993 | — | Colwell Family LP | Colwell | Quit Claim Deed · related | — |
| — | — | Plumer Partners LLC | — | Deed Of Trust · related | $1.7M · National Bk/az |
Description
Commerce Plaza, located at 245 S Plumer Ave, Tucson, AZ 85719, presents a prime opportunity within the thriving Pima County market. This Class C industrial property offers a total of 46,800 square feet of flexible space, currently featuring 2,400 square feet of immediately available space. The building is zoned I-1, providing versatility for a range of industrial and flex uses. One unit of 1,200 square feet is currently available for lease. The property sits on a generous 2.73-acre lot, providing ample room for maneuvering and potential expansion. The building boasts ceiling heights ranging from 12.0ft to 12.0ft, suitable for various industrial needs. The multiple tenancy structure offers flexibility for businesses of different sizes. This property is ideal for businesses seeking a well-located, functional space in a dynamic area of Tucson. The property's convenient location and ample space make it an attractive option for companies looking to establish or expand their operations in Pima County. With its flexible zoning and substantial square footage, Commerce Plaza offers a compelling investment opportunity in the Tucson industrial market. The available space presents a chance to secure a foothold in a well-established and growing area. Interested parties are encouraged to inquire about this exceptional opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,735,000
- ML approach
- $4,225,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,335,000
- 6.5%
- $3,075,000
- 7%
- $2,855,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,345,000
- AI Estimate
- $4,277,000
Market price range: $2.30M - $5.52MMarket price range: $1.65M - $5.07M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $4,125,000 Current use
- MEDICAL BUILDING
- $6,160,000 Change: +49% Conversion: Difficult
- RETAIL STORES
- $3,615,000 Change: -12% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.939
- Latitude
- 32.2191
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
