TUCSON, AZ (March 26, 2024) – The two-story, multi-tenant office building at 2030 E Broadway Blvd. sold for redevelopment at $2.499 million ($103 PSF). It is located southeast of Campbell Avene and Broadway Blvd. at the southwest hard corner of Olsen Ave and Broadway.
The buyer, an affiliate of Central Barrio Development, Hector Jimenez, manager reported that the property was purchased to reposition for a mixed residential/retail use and estimates approximately 20 residential units to be developed.
Built in 1948, the property is fully solar-powered by roof panels and consists of two buildings with 24,358 square feet, a courtyard, and 60 parking spaces.
The seller was 2030 Broadway Capital Partners, LLP, Benjamin Riehle, manager, who was represented in the transaction by Chris Itule of DSW Commercial Real Estate in Tucson. The buyer was self-represented.
For more information, Itule should be reached at 520.548.4321.
To learn more, see RED Comp #11144.