Friday, December 11, 2009

Another Toole Avenue Sale

Posted By on Fri, Dec 11, 2009 at 1:23 PM

After earlier buying one Toole Avenue warehouse from the Arizona Department of Transportation (ADOT) for just over its appraised value, on Friday, Dec. 11, Steve Fenton forked over about twice the estimated value of another building on the street.

The structure at 15-19 E. Toole had been valued at $265,000 by ADOT, but Fenton won a spirited bidding process at $512,000.

There were initially three bidders for the warehouse, but one dropped out quickly. That left Fenton and Darren Peress, who identified himself as a heart doctor who wants to be part of downtown redevelopment, to drive the price up $1,000 at a time. After about 15 minutes, Fenton emerged victorious.

The historic warehouse Fenton purchased, located between the former Zee's Mineral Gallery and Solar Culture, is presently home to AstroFab woodworkers and some other users.

Last month, Fenton purchased the Solar Culture building from ADOT for $101,000.

Comments

Subscribe to this thread:

Add a comment

More by Dave Devine

  • Riches and Division

    An excerpt from the book, Tucson: A History of the Old Pueblo from the 1854 Gadsden Purchase
    • Aug 20, 2015
  • Guest Commentary

    The city's unfair and illegal actions are violating the constitutional rights of Tucsonans
    • Apr 19, 2012
  • State of the New State

    After achieving statehood, Arizonans gave women the right to vote—and took the right away from some Mexican Americans
    • Feb 16, 2012
  • More »

© 2020 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation