1009 Grande AveTucson, AZ 85745

Property Details for 1009 Grande Ave

Year built

1991

Construction

FRAME

Lot size

0.44 AC

Property size (Sq ft)

2,376 SF

Property type

Retail space

APN

116-12-019A

APU

11612019A

Description

This turnkey restaurant opportunity presents the chance to acquire the established Mariscos Chihuahua, a beloved Tucson dining destination since the 1970s. Located in Barrio Hollywood, near downtown, off Speedway and I-10, this iconic restaurant boasts a charming Old Pueblo atmosphere, complete with a stunning fountain entryway and an inviting outdoor patio. The 3,338 square foot property sits on a 0.71-acre lot and includes two buildings, each one story. The main restaurant offers ample seating, while a private Casita provides space for smaller gatherings. The lush outdoor patio, shaded by a 30x30 canopy, is surrounded by a variety of citrus and fruit trees, creating a serene dining experience. The fully equipped kitchen features a hood and a filtered water system. All furniture, fixtures, and equipment are included in the sale, along with two storage containers. A food truck is available separately. The property is zoned C1 and was built in 1952. This is a fee simple ownership opportunity priced at $2,500,000. The restaurant's commitment to fresh, high-quality, locally sourced ingredients ensures a delightful dining experience, making this a truly exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $468,723

  6.5%

  $432,667

  7%

  $401,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $996,323

  Geo Method

  $996,323

• Alternative Use

  Use

  Valuation

  Residential

  $364,971

  Hospitality

  $334,312

  Educational

  $278,143

  Medical

  $287,709

  Retail

  $432,667

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2349

Longitude

-110.991

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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