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Investment Highlights
- Former restaurant / event center featuring a full commercial kitchen, bar, dance floor, stage, DJ booth, and patio
- Cross parking agreement with adjacent properties to provide excess parking.
- Stunning views to the North and East
- Unique turnkey setup ideal for entertainment, hospitality, event, restaurant, creative, or specialty users
- Located along Tanque Verde Rd with strong visibility and access in an established east Tucson trade area
- C-2 zoning allows for 40’ height – enabling second story, roof deck, or for a variety of redevelopment uses
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,174 SF
Building Class
C
Year Built
1980
Price
$3,401,280 CAD
Price Per SF
$416.11 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.15 AC
Opportunity Zone
Yes
Zoning
C-2, Tucson - This Property is in Tucson's East Side Opportunity Zone
Parking
400 Spaces (48.94 Spaces per 1,000 SF Leased)
Frontage
183’ on E Tanque Verde Rd
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Corner Lot
- Courtyard
- Fireplace
- Restaurant
- Security System
- Signage
- Monument Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 133-16-0500 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $122,484 CAD |
Property Taxes
Parcel Number
133-16-0500
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$122,484 CAD
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6350 E Tanque Verde Rd
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