TUCSON, ARIZONA (June 12, 2025) — A fully renovated restaurant property at 2960 North 1st Avenue in Tucson has been sold for $802,000 ($275.51 PSF) to Sunset West Investments LLC, managed by Jose Quintero. The buyer plans to reopen the location under the name Rio Restaurant. The transaction included a complete turnkey setup, with recent interior renovations and exterior upgrades already in place.
Formerly home to El Berraco, the restaurant closed its doors on December 14, 2023. The site is located near the University of Arizona and is surrounded by residential neighborhoods, businesses, and corporate offices. The established location benefits from strong visibility, a storefront facing 1st Avenue, and convenient ingress and egress. The property also features 20 paved parking spaces and an outdoor dining area, making it an attractive option for restaurants.
The seller was Galaz Fusion LLC, managed by Benjamin Galaz. Andy Cota and Curt Stinson of Engel & Völkers Tucson represented the seller, while Erick Quintero of Tierra Antigua Realty represented the buyer.
For more information, Cota can be reached at 520.369.1527, Stinson is available at 520.954.5800, and Quintero can be contacted at 520.599.6225.
Reference: RED Comp #11759.