Longtime Takamatsu Restaurant Property on Speedway Sells for New Asian Buffet Concept

TUCSON, AZ (May 21, 2026) — The former Takamatsu restaurant property at 5532 E. Speedway Blvd. in Tucson has sold and is expected to be remodeled and reopened under a new name as an Asian buffet-style restaurant.

The transaction closed May 11 and included both the restaurant property at 5532 E. Speedway Blvd. and the residential property immediately south of it at 5543 E. First St. The restaurant property sold for $1,747,000, while the house sold for $200,000, bringing the combined transaction value to $1,947,000.

Cameron Lee and David Lee of David Lee Real Estate Company represented the seller, Junghoon Properties, associated with the Koga family, longtime operators of Takamatsu. Dave Dutson of NAI Horizon represented the buyer.

The Koga family operated Takamatsu for decades and listed the property for sale last year after deciding to move on from the restaurant ownership business. The family expressed appreciation to the Tucson community for its support over the years.

Peter Koga, son of the original founders and manager of the restaurant, said the family is grateful for the many customers who supported Takamatsu throughout its long history in Tucson.

The buyer plans to remodel the property and reopen it under a new name as an Asian buffet-style restaurant. Details on the buyer and opening timeline were not immediately available.

Takamatsu had long been a recognizable restaurant presence along Speedway Boulevard, serving generations of Tucson customers and contributing to the city’s diverse Asian dining scene. The sale marks the end of one chapter for the Koga family and the beginning of a new restaurant use for the Speedway property.

For more information, Cameron Lee can be reached at 520.878.8424 and Dave Dutson is at 520.241.1160.

Source: RED Comp #12489