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Redevelopment Opportunity: Former Denny’s Site Near I-10 Sells for $1.45M

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  • Redevelopment Opportunity: Former Denny’s Site Near I-10 Sells for $1.45M
2nd Quarter Sales
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April 25, 2025
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Karen Schutte
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TUCSON, AZ (April 25, 2025) -- Brenna Lacey of VOLK Company represented the sellers—Bristol Properties, LLC, the Rich Family Trust, and the Thomas Family 2017 Revocable Trust—in the $1,452,500 ($245. PSF) sale of a high-exposure commercial property located near the intersection of Interstate 10 and Irvington Road in Tucson, Arizona, at 3700 E Irvington Road.

The asset sale closed on April 11, 2025.

The property includes an approximately 5,900-square-foot freestanding building on a generous ±59,000-square-foot parcel. Formerly occupied by a Denny’s restaurant, the site benefits from excellent freeway visibility, easy access to I-10, and strong surrounding commercial traffic.

The buyer, VM Energy Tucson, LLC, was represented by Azam Qayum of Realty One Group, Arizona. The new ownership plans to repurpose the space for a new use, with potential for retail, fuel, or restaurant redevelopment given the site's size, location, and flexible zoning.

This transaction underscores ongoing investor interest in freeway-adjacent properties in Tucson’s southside submarket, where proximity to major transportation corridors continues to drive commercial demand.

For additional information, Lacey can be reached at 520.326.3200, and Qayum is at 480.280.1570.

To learn more, subscribers should refer to RED COMP #11853.

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