For Sale
$2,033,000

4615-4651 1St AveTucson, AZ 85718

Five Buildings, 16,985 SF Total

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents five Class B executive office buildings totaling 16,985 net rentable square feet on a 45,911 square foot lot in Tucson, Arizona. Located at 4615-4651 North First Avenue, this fee-simple property boasts excellent visibility with prominent First Avenue frontage within the Tucson Mall trade area. The buildings, constructed in 1971, offer various unit sizes ranging from 1,500 to over 16,000 square feet, allowing for flexibility to combine units if desired. The property features ample parking (4.6 spaces per 1,000 square feet) and multiple access points. The TR zoning permits office, medical, or light retail uses, providing diverse income potential. Most tenants are on short-term leases, offering a buyer the chance to occupy the space or establish long-term rental income. The property benefits from no owner's association dues and is situated near River Road at the base of the foothills. An Alta Survey and Phase One environmental report are available. A proposed First Avenue widening project may enhance the property's appeal with added pedestrian amenities. This unique owner-user opportunity allows for occupancy, rental income generation, or a combination of both. The asking price is $2,033,000.

Highlights

  • 4.6 parking spaces per 1,000 square feet.
  • Fee simple ownership.
  • No owner's association dues.
  • TR zoning allows office, medical, or light retail uses.
  • Excellent visibility with First Avenue frontage in the Tucson Mall trade area.
  • Multiple access points.

Property Details for 4615-4651 1St Ave

Property type
Retail properties, Office properties
Square Feet
16,985 SF
Class
B
Year Built
1971
Buildings
5
Units
5

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2921496
Longitude
-110.96118756
4615-4651 1St Ave, Tucson, Arizona

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4615-4651 1St Ave
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