319 Simpson St Tucson, AZ 85701

This exceptional 5,031 square foot office building, located at 319 W Simpson St in Tucson, Arizona's coveted Barrio Viejo neighborhood (featured in the New York Times' "52 Places to Go in 2023"), presents a unique investment opportunity. Formerly a tortilla factory, this iconic property underwent a complete renovation in 2019, transforming it into Tucson's premier co-working and event space. The building boasts exquisite interior features including high ceilings, natural plaster adobe walls, and abundant natural light. A charming courtyard provides an ideal setting for meetings and events. Currently 100% leased to a thriving co-working business under a NNN lease through July 31, 2025, with rent escalating to $11,000 per month by the end of the lease term. The current monthly rent is $10,000, increasing to $10,417 in 2024. The property is zoned HC-3 and features an APN of 117-14-0200. Its prime location offers easy access to the Tucson Convention Center, restaurants, the arts district, and downtown Tucson. This property is priced at $1,650,000 ($327.97 per square foot) and is ideal for investors seeking a stable, high-demand asset or for those looking to customize a unique space to their own specifications. The tenant consistently maintains a waiting list for office space, indicating strong market demand and potential for future growth.