For Sale
$950,000

207 Speedway Blvd Tucson, AZ 85705

Prime Tucson location, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a mixed-use property in the heart of Tucson, Arizona. The property comprises two buildings totaling 4,912 square feet on a 16,124 square foot lot. The main building, a fully leased traditional office space with 1,821 square feet of net rentable area, boasts a Certificate of Occupancy issued October 9, 2013, following renovations completed in 2013. The original structure dates back to 1927. This building is complemented by two townhomes situated on the property. One townhome, approximately 1,385 square feet with two bedrooms and 1.5 bathrooms, is currently vacant. The second townhome, approximately 1,706 square feet featuring three bedrooms and 2.5 bathrooms, is under lease generating $2,150 per month, with the lease expiring July 31, 2025. Combined, the office and leased townhome generate a total monthly rental income of $5,350. The property includes nine parking spaces and is zoned O-1 by the City of Tucson. This property offers a compelling blend of income-producing assets and potential for future development or expansion, making it an attractive investment opportunity in a desirable Tucson location. The address is 207 W Speedway Blvd & 1041 N 10th Ave, Tucson, AZ 85705. The property's APN is 117-02-153B.

Highlights

  • Mixed-use property totaling 4,912 square feet on a 16,124 square foot lot.
  • Two townhomes built in 2012.
  • One vacant townhome: 1,385 square feet, 2 bedrooms, 1.5 baths.
  • Leased townhome: 1,706 square feet, 3 bedrooms, 2.5 baths, $2,150/month lease expiring July 31, 2025.
  • Total monthly rental income of $5,350 (office and one residential unit).
  • Fully leased 1,821 square foot office space with Certificate of Occupancy issued October 9, 2013.

Property Details for 207 Speedway Blvd

Property type
Retail properties, Office properties
Square Feet
4,912 SF
Year Built/Renovated
1927/2013
Buildings
2
Stories
2
Units
3

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2357109
Longitude
-110.9751947

FAQs

What type of property is this?
Retail property - Prime Tucson location, high rental income.
Where is the retail property located?
The property is located at 207 Speedway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Mixed-use property totaling 4,912 square feet on a 16,124 square foot lot.; Two townhomes built in 2012.; One vacant townhome: 1,385 square feet, 2 bedrooms, 1.5 baths.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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207 Speedway Blvd
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