6350 E Tanque Verde Rd - Restaurant FOR SALE


Tucson, AZ 85715- Ward 2
$2,400,000 USD
520-820-2770
6350 E Tanque Verde Rd, Tucson, AZ for Sale
$2,400,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

6350 E Tanque Verde Rd
Tucson, AZ 85715
Ward 2


HIGHLIGHTS

  • Former restaurant / event center featuring a full commercial kitchen, bar, dance floor, stage, DJ booth, and patio
  • Unique turnkey setup ideal for entertainment, hospitality, event, restaurant, creative, or specialty users
  • Cross parking agreement with adjacent properties to provide excess parking.
  • Located along Tanque Verde Rd with strong visibility and access in an established east Tucson trade area
  • Stunning views to the North and East
  • C-2 zoning allows for 40’ height – enabling second story, roof deck, or for a variety of redevelopment uses

OVERVIEW

Cushman & Wakefield | PICOR is pleased to present 6350 E Tanque Verde Road for sale, an iconic Tucson property offering a rare opportunity to remodel and reposition a landmark building with strong historical character and long-term upside. Dating back to the early 1980’s, the property was the popular 90’s location of City Grill and has since served as a well-known destination for a variety of successful nightclubs and bars. Once part of the famed “Restaurant Row,” the corridor is now experiencing a clear resurgence, with new investment and revitalization activity bringing renewed energy to the area. The subject property anchors the southern end of this re-emerging entertainment and dining corridor. The property is freestanding and features ample on-site parking, with additional overflow parking on adjacent parcels. Zoned C-2, the site offers meaningful redevelopment potential; however, the primary opportunity is an exceptional remodel and repositioning of the existing improvements. The current structure provides a strong foundation for a refreshed restaurant, bar, or entertainment concept, allowing an owner-user or investor to transform the asset into a modern destination while leveraging its existing footprint, identity, and site layout. There is also potential for vertical enhancement, including a second story and/or rooftop deck to capture panoramic views of the Catalina and Rincon Mountain ranges. In its current form, the property presents a rare opportunity to take an established Tucson landmark and thoughtfully renovate it into a best-in-class experiential concept, capitalizing on strong visibility, history, and location within a revitalizing corridor.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

C-2, Tucson

APN/PARCEL ID

133-16-0500

ASK ABOUT THIS PROPERTY

Aaron LaPriseCushman & Wakefield | PICORMore Info
520-820-2770

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Aaron LaPriseCushman & Wakefield | PICORMore Info
520-820-2770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.