Property profile

2960 1st Ave Tucson, AZ 85719

OFF-MARKET
Turn key restaurants
Property ID
US07-3283207
2,911 SF 0.35 ac lot Built 1973
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This thriving Tucson restaurant and bar, located at 2960 N 1st Ave, presents a fantastic turnkey opportunity. The 2,911 square foot space, situated on a 0.35-acre lot (APN 113-08-021B), boasts recent interior and exterior upgrades, minimizing the need for significant capital investment. The single-story, Class C building (built in 1973) is zoned C2, offering flexibility for various uses. The property features ample paved parking, a significant advantage for patrons. Its prominent storefront location on 1st Ave ensures high visibility and convenient access. The sale includes most furniture, fixtures, and equipment (FFE), making it truly ready to operate. This established business benefits from its central Tucson location, close to the University of Arizona, residential areas, and corporate businesses. While the current business name is not included in the sale, the possibility of transferring it is open for discussion. This is an exceptional chance to acquire a well-positioned, fully equipped restaurant and bar in a high-traffic area. The asking price is $795,000, translating to $273.10 per square foot.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction FRAME
Total area 2,911 SF
Lot 0.35 ac (15,127 SF)
APN 113-08-021B
UPID US07-3283207

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

2960 1st Ave Tucson, AZ 85719-2509
Tucson metro Census 2602 TUCSON, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2014
Price N/A
2003
$430,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

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
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