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    FOR SALE
    Manufacturing properties

    610 S Park Ave, Tucson, AZ 85719

    21,094 SF 0.68 ac lot Built 1954
    Entity Owned 22-yr Hold Free & Clear
    Property ID
    US07-3302738
    Property summary
    AI-generated overview

    This exceptional 21,094-square-foot mixed-use property, located at 610 S Park Ave, Tucson, AZ 85719, presents a compelling investment opportunity. Originally constructed in 1954 and undergoing ongoing renovations, this repurposed warehouse boasts a unique blend of creative office spaces, manufacturing facilities, and an event center. Currently housing 22 tenants with 100% occupancy, the property generates a substantial income stream. The building features 30-foot ceilings, two dock-high doors, and 14 parking spaces. Situated on a 29,717-square-foot lot, it is zoned I-1 by the City of Tucson. The asking price is $3,400,000, with a pro-forma cap rate of 6.73% and a pro-forma NOI of $228,798. All furniture, fixtures, and equipment are included in the sale. The property benefits from its location in Tucson's thriving downtown arts district, close to restaurants, offices, and hotels. Rent bumps are in place, offering potential for future income growth. This one-of-a-kind property offers a diverse income stream, a proven track record, and significant upside potential. The current configuration includes a high-end furniture manufacturing operation, co-working executive office suites, and a versatile event center. Seller financing and potential 1031 exchanges may be considered. This is a rare opportunity to acquire a fully operational, income-producing property with significant long-term growth potential.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1954
    Construction FRAME
    Total area 21,094 SF
    Lot 0.68 ac (29,717 SF)
    APN 124-15-004A
    UPID US07-3302738
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dog Days Tucson Video Productions Film Production Television Studio
    • Gold Financial Services - The Mortgage Mentor Group Loan Service Bank
    • Sonder Agency Marketing & Advertising (Bike/Boat/Book/etc) Store
    • Tyler Reinforcing LLC - Tucson Office Construction Company
    • Rail Yard Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.35M
    Comparable Approach Comparable
    $2.08M
    Blend (final) Blend
    $2.03M
    Owner & transaction history
    Pplr Enterprises LLC · 22 yrs held
    Pplr Enterprises LLC
    since 2003
    3 recorded transactions
    2003
    2000
    $466,400
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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