Property profile

350 Main St Florence, AZ 85132

OFF-MARKET
Retail space
Property ID
US07-1080765
1,296 SF 0.06 ac lot Built 1924
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This unique commercial property, situated at 350 N MAIN Street Unit 350 in historic downtown Florence, Arizona, presents a compelling investment opportunity. Spanning a 0.07-acre lot, the building boasts a rich history, previously operating as "The Tunnel Saloon." Currently configured and leased as a small restaurant, the property is zoned for downtown commercial use, offering diverse potential applications. The building features a recently installed air conditioning unit, a fully equipped kitchen complete with a hood system, and two restrooms. The interior retains charming original tiled ceilings, adding to its character and appeal. Its location on Main Street places it amidst a vibrant mix of local businesses, including restaurants, pubs, art galleries, a candy store, and a hardware store, creating a thriving and attractive commercial environment. This property offers a chance to own a piece of Arizona's history in a bustling downtown setting, benefiting from the strong sense of community and the unique charm of one of Arizona's oldest historic main streets. The existing lease provides immediate income potential, while the versatile zoning allows for a range of future uses. This is a rare opportunity to acquire a well-located commercial building in a desirable and growing area. The property's asking price is $260,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1924
Construction CONCRETE
Total area 1,296 SF
Lot 0.06 ac (2,800 SF)
APN 200-44-0050
UPID US07-1080765

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
  • Cafe & Coffee Shop
  • Take-out & Catering
  • Physician

Location

350 Main St Florence, AZ 85132
Florence metro Census 904 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$170k

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
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