4000 29th St, Tucson, AZ 85711-6111
This freestanding, 1,600 square foot retail building is located at 4000 E 29th St, Tucson, AZ 85711, a high-traffic intersection with over 45,000 vehicles per day. Situated on a 0.31-acre lot, the property boasts 14 parking spaces and prominent frontage on 29th Street, allowing for large monument signage. Currently vacant, this Class C building presents a value-add opportunity for a variety of uses, including convenience stores, quick-service restaurants (QSR), and fast food establishments. The permitted C-2 zoning allows for flexibility in tenant selection. The asking price is $500,000, translating to $312.50 per square foot. A significant advantage is the inclusion of a Type 10 Beer and Wine License, conveyed by the owner as part of a lease agreement. The property's convenient location near the Air Force Base and Fry's Grocery store further enhances its appeal. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving Tucson neighborhood. The property's APN is 130-18-001K.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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