2550 1St Ave Tucson, AZ 85719
- Strip malls
- 4,446 SF
- 0.37 lot acres
Current Use by Public Records
- Lavender Body Care / Massage Spa / Massage Therapist
Property Details for 2550 1St Ave
- Year built
- 1982
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 4,446 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 113-09-166D
- APU
- 11309166D
Description
This exceptional mixed-use investment opportunity presents a compelling value-add proposition. Located on North 1st Avenue in Tucson, Arizona, this property encompasses 13,000 square feet across multiple parcels (APN: 113-09-167, 116F, & 116D) totaling 0.97 acres. The property features five units within a single-story building constructed in phases between 1959 and 1982, and is zoned C-3. Currently, the center offers a mix of established tenants generating immediate rental income, with additional rentable space available for lease-up, maximizing potential returns. The property benefits from high visibility and accessibility, situated in a corridor with approximately 25,000-30,000 vehicles passing daily, according to Pima County traffic counts. This prime location offers excellent exposure to a substantial customer base and provides easy access to major roadways and local amenities. The asking price for this fee-simple ownership is $2,750,000. This presents a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving Tucson market. The property's diverse tenant mix, including a bar and storefront spaces, contributes to its strong cash flow and resilience. The substantial square footage and ample parking further enhance its appeal to both investors and potential tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.961
- Latitude
- 32.2533
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
