2550 1St AveTucson, AZ 85719

Property Details for 2550 1St Ave

Year built

1982

Construction

FRAME

Lot size

0.37 AC

Property size (Sq ft)

4,446 SF

Property type

Retail properties

Property subtype

Strip malls

APN

113-09-166D

APU

11309166D

Description

This exceptional mixed-use investment opportunity presents a compelling value-add proposition. Located on North 1st Avenue in Tucson, Arizona, this property encompasses 13,000 square feet across multiple parcels (APN: 113-09-167, 116F, & 116D) totaling 0.97 acres. The property features five units within a single-story building constructed in phases between 1959 and 1982, and is zoned C-3. Currently, the center offers a mix of established tenants generating immediate rental income, with additional rentable space available for lease-up, maximizing potential returns. The property benefits from high visibility and accessibility, situated in a corridor with approximately 25,000-30,000 vehicles passing daily, according to Pima County traffic counts. This prime location offers excellent exposure to a substantial customer base and provides easy access to major roadways and local amenities. The asking price for this fee-simple ownership is $2,750,000. This presents a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving Tucson market. The property's diverse tenant mix, including a bar and storefront spaces, contributes to its strong cash flow and resilience. The substantial square footage and ample parking further enhance its appeal to both investors and potential tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,131,473

  6.5%

  $1,044,436

  7%

  $969,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,864,332

  Geo Method

  $1,864,332

• Alternative Use

  Use

  Valuation

  Residential

  $881,021

  Hospitality

  $807,011

  Educational

  $671,423

  Medical

  $694,515

  Retail

  $1,044,436

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2533

Longitude

-110.961

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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