600 Meyer AveTucson, AZ 85701

Property Details for 600 Meyer Ave

Year built

1933

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

5,064 SF

Property type

Office properties

APN

117-14-3290

APU

117143290

Description

This exceptional 11,429 square foot executive office building, located at 600 S Meyer Ave in Tucson, Arizona, presents a unique investment opportunity. Built in phases between 1915 and 1930, and extensively renovated in 2009, this two-story building boasts above-standard finishes, including vaulted ceilings and a modern elevator, while preserving its historic character with thick adobe and block exterior walls. The property features 24 parking spaces and sits on a 17,523 square foot lot, zoned HC-3, allowing for a variety of commercial and residential uses. Solar panels provide 100% or more of the building's power needs, significantly reducing operating costs. Its prime downtown location offers easy walkability to restaurants, entertainment venues, courts, and business centers, making it an ideal owner-user or multi-tenant property. The asking price is $3,080,000. The APN is 117-14-3290. This property represents a rare blend of historical significance and modern functionality in the heart of Tucson's revitalized downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $876,700

  6.5%

  $809,262

  7%

  $751,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $842,650

  Geo Method

  $842,650

• Alternative Use

  Use

  Valuation

  Residential

  $1,003,484

  Hospitality

  $919,186

  Educational

  $764,752

  Medical

  $791,053

  Retail

  $1,189,614

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2135

Longitude

-110.973

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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