$1,700,000
Tucson, AZ 85713
MLS# 22324795
Status: Closed
3949 sqft
1 / 3
Property Description
Unlock the opportunity to own a piece of Tucson's rich culinary history. This iconic Mexican food establishment has been delighting locals and visitors alike for decades. This well-established gem, nestled in the heart of Tucson, is now available for sale, presenting a rare chance to step into a thriving business with a stellar reputation. This is not just a dining establishment; it's a Tucson institution. With a decades-long legacy, this historic restaurant has become synonymous with exceptional Mexican cuisine and warm hospitality. The name resonates with authenticity and a commitment to quality that has stood the test of time. Situated in a bustling area of Tucson, this restaurant enjoys a strategic location that has contributed to its enduring success. The restaurant occupies approx
Details
Maps
Documents
Address Information
Direction: S
Street Name: confidental
Suffix: Avenue
State/Province: AZ
Zip Code: 85713
County: Pima
Country: USA
Location Tax Legal
Tax Code: 000000000
Area: Central
Contract Information
Current Price: $1,700,000
Sold Price: $1,700,000
Listing Date: 2023-11-14
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2024-02-10
Pending Date: 2024-03-06
Sold Date: 2024-03-06
Sold Price: $1,700,000
Sold Price/SqFt: 430.49
Lot Sz Sold Prc/SqFt: 92.89
Financing: Cash Owner Carryback
Showing Information
Directions: Confidential
General Property Information
Property Sub-Type: Mixed
Construction Status: Existing
Total Parking: 44
Multi-Tenant: No
Year Built: 1957
Lot Dimensions: 54x96x52x96
Lot Acres: 0.5
Lot Sqft: 18302
Lot Size Source: Assessor
Combined SqFt: 3949
Source of SqFt: Assessor
List Price/SqFt: 493.8
Lot Size Price/SqFt: 106.55
Remarks Misc
Geo Lat: 32.220998
Geo Lon: -110.9272
Income
Net Opp Income: 556000
Unit Information
Retail: Restaurant
Other: Restaurant
Property Features
A.D.A. Compliant: Yes
Space Information
Ceiling Height: 8ft
Door Height: 8 ft
Door Width: 3ft
Electric
Electric Company: TEP
Parking
# Covered Parking: 44
Sold Info
Seller Concessions: 4500
Property Features
Property Features: Furnished; Storage; Wet Bar
Construction: Concrete Block
Roof: Built-Up
Warehouse Storage: Cold
Fenced Storage: No
Main Cooling: Zoned
Main Heating: Forced Air; Gas Pac
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Closed Circuit Camera(s)
Fence: None
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Chip/Seal; Gravel; Paved
Lot Features: North/South Exposure
Business Location: Commercial Strip
Terms: Cash; Conventional; Owner Carry; Submit
Possession: See Remarks
Submit With Offer: Earnest Check; Lender Pre-Approval; Loan Pre-Qualifiaction; Loan Status; Proof of Funds
Property Disclosures: Inventory List; Lead Based Paint; Military Airport Vct; Public Airport Vcty
Special Conditions: None
Supplements
4,000 square feet of prime real estate, providing a spacious and inviting atmosphere for patrons to savor the flavors of Mexico. Property and Assets: The sale includes three parcels: the restaurant itself, fully equipped with state-of-the-art kitchen facilities and a charming ambiance. All fixtures and furniture are part of the package, ensuring a seamless transition for the new owner. This turnkey opportunity is ideal for restaurateurs looking to step into a thriving business without the hassle of starting from scratch. This restaurant boasts an impressive annual revenue, with over 2.6 million in sales. This financial stability is a testament to the restaurant's strong customer base and consistent demand for its authentic Mexican cuisine. The potential for growth and expansion further adds to the appeal of this investment. Seize the opportunity to own a piece of Tucson's culinary heritage and continue the legacy. Whether you're an experienced restaurateur or a passionate entrepreneur, this offering is a rare chance to be part of a decades-old tradition and contribute to the vibrant food scene in Tucson, Arizona. Serious inquiries accompanied by proof of funds or verification of qualification are welcome for a detailed confidential discussion and a taste of what this amazing restaurant has to offer. Contact us to schedule a private viewing and explore the possibilities that come with owning this iconic restaurant.
Lead Paint Discl 
Listing Office: OMNI Homes International
Last Updated: December - 23 - 2024
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