345 Toole AveTucson, AZ 85701

Property Details for 345 Toole Ave

Year built

1961

Construction

FRAME

Lot size

0.20 AC

Property size (Sq ft)

8,227 SF

Property type

Office properties

APN

117-06-089C

APU

11706089C

Description

The MacArthur Building presents a unique opportunity to lease a landmark three-story office building in Tucson's vibrant downtown. This approximately 24,260 square foot Class A property, built in 1908 and renovated in 2009, boasts a distinctive flat-iron style architecture. The building offers a blend of historical charm and modern amenities, featuring large windows with expansive views of the city and surrounding mountains. Currently, the entire 24,260 square feet is available for lease as a single space, making it ideal for a large tenant seeking a prominent downtown location. The building includes 90 parking spaces and elevators for convenient access to all three floors. Its OCR-2 zoning allows for office and retail uses, and even high-rise mixed-use development potential. Located less than a mile from the University of Arizona and Interstate 10, and just one block from the streetcar, this property enjoys exceptional accessibility and visibility. Surrounded by thriving commercial, cultural, and residential activity, the MacArthur Building offers a prestigious address in the heart of Tucson's downtown business district. This one-of-a-kind structure represents a rare opportunity to secure a significant presence in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,424,291

  6.5%

  $1,314,730

  7%

  $1,220,821

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,368,973

  Geo Method

  $1,368,973

• Alternative Use

  Use

  Valuation

  Residential

  $1,630,266

  Hospitality

  $1,493,314

  Educational

  $1,242,420

  Medical

  $1,285,149

  Retail

  $1,932,654

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2233

Longitude

-110.968

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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