Tucson investors have bought the shuttered Tucson Greyhound Park in South Tucson for just over $9 million in cash.
Equilibrium Cordova Village LLC bought the 16.7-acre site at 2601 and 2631 S. Third Ave. and 2725, 2713 and 2631 S. Fourth Ave., records from the Pima County Recorder’s Office show.
Located within South Tucson, the property is zoned to allow retail business with wholesale, warehousing, repairing and amusement enterprise or limited manufacturing, though no plans for the property have been announced.
The site also sits in an “opportunity zone“ — a designation added to the tax code in 2017 as a way to get economic development in distressed areas.
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Using proceeds from an unrelated sale, investors who use those profits to develop within the zones can defer capital gains taxes.
Tucson Greyhound Park opened in 1944 and raced dogs until 2016. Since then it operated as an off-track betting site and owners announced last month that it would close in June.
The sale of the park closed June 24.
Other local transactions include:
9th St 814-838 E LLC bought the 26-unit Sonoran on 9th Apartments, 814-838 E. Ninth St., from Pelican 9th LLC for $5.3 million. Allan Mendelsberg and Conrad Joey Martinez, with Picor, represented both parties.
Tucson Drexel Equities LLC bought 4 acres of vacant land at 5375 S. Tucson Blvd. from TucDrex LLC for $1.2 million. Aaron LaPrise, Dave Hammack and Andy Seleznov, with Picor, represented the seller. Carson John Klepinger, with Glenwood Real Estate Services LLC, represented the buyer.
Glenn Dorado LLC bought 4.14 acres of land at Fairview Business Park, 985, 986 and 964 W. Fairview Business Park Place, from Tucson Collision Inc. for $850,000. Jesse Blum and Alex Demeroutis, with Picor, and Scott Young, with CBRE, Michigan, represented the seller. Wayne R. Rutschman with Wayne R. Rutschman, represented the buyer.
Paleteria Y Neveria La Michoacana LLC bought 1,836 square feet at 302 W. Ajo Way from Richard & Rosemary Gomez for $375,000. Molly Mary Gilbert and Cintya Denisse Angulo Garcia, with Picor, handled the sale.
Southern Arizona Leadership Council Inc. leased 4,198 square feet of office space from WCCP Copper Point LLC, SOD Investments II LLC, and PVP Cambric LLC at 1760 E. River Road. Richard M. Kleiner, with Picor, represented the tenant and Philip Skillings, with NAI Horizon, represented the landlord.
Photos: Greyhound racing in Tucson through the years
Last night of live racing at Tucson Greyhound Park

A greyhound hits full airborne stride as it races down the frontstretch.
Last night of live racing at Tucson Greyhound Park

Track workers present the greyhounds for last inspection before loading them into the gates for a race.
Last night of live racing at Tucson Greyhound Park

Track workers present the greyhounds for last inspection before loading them into the gates for a race as spectators size up the field.
Last night of live racing at Tucson Greyhound Park

The sky glows a multitude of hues on the last day of live racing.
Last night of live racing at Tucson Greyhound Park

Greyhounds tear down the frontstretch on the last day of live racing.
Last night of live racing at Tucson Greyhound Park

Alicia Heiserer, track controller, and Eric Baugher, simulcast operator, admire a cell phone picture of the weather atop the roof of Tucson Greyhound Park.
Last night of live racing at Tucson Greyhound Park

Greyhounds take off out of the gates on the last day of live racing.
Last night of live racing at Tucson Greyhound Park

A greyhound breaks through the spotlight of the finish line on the last day of live racing.
Last night of live racing at Tucson Greyhound Park

Track workers bring out the greyhounds for a race on the last day of live racing.
Last night of live racing at Tucson Greyhound Park

Greyhounds tear down the frontstretch on the last day of live racing.
Greyhound racing in Tucson

Tucson Greyhound Park, ca. 1950s.
Greyhound racing in Tucson

Tucson Greyhound Park, ca. 1950s.
Greyhound racing in Tucson

Trainers walk their dogs around the track at Tucson Greyhound Park in 1980.
Greyhound racing in Tucson

Handlers with dogs before a race at Tucson Greyhound Park in 1990.
Greyhound racing in Tucson

Robert Fickett checks the weight of one of his 30 racing dogs while helper Mary Montono records the information at the Fickett’s 40-acre farm north of Tucson in 1983.
Greyhound racing in Tucson

Robert and Michele Fickett’s 200-foot running pens for their greyhounds in Tucson in 1983. The Fickett’s owned 150 greyhounds pups raised to racing dogs.
Greyhound racing in Tucson

Michele Fickett gives greyhounds shots and looks after their general health at the Fickett’s 40-acre farm north of Tucson in 1983.
Greyhound racing in Tucson

Greyound racing dogs under the care of Robert and Michele Fickett have breakfast in air-conditioned cages in 1983.
Greyhound racing in Tucson

An injured greyhound racing dog recuperates under the a sign of a sprinting dog on the farm owned by Robert and Michele Fickett in 1983.
Greyhound racing in Tucson

Robert Fickett takes some of his greyhounds for a morning run on the family’s 40-acre farm north of Tucson in 1983.
Greyhound racing in Tucson

Greyhound racing dogs during a weigh-in at Tucson Greyhound Park in 1982.
Greyhound racing in Tucson

Annamarie Padilla mans the betting counter at Jeff’s Pub at Tucson Greyhound Park in 2006. The off track betting feed from Tucson Greyhound Park had been blacked out by its provider, Paradise Turf because of contract expiration.
Greyhound racing in Tucson

A dark brindle female greyhound Khaki Katie, 3, is shown to the crowd before racing in the first race, Grade D, at Tucson Greyhound Park in 2006.
Greyhound racing in Tucson

Greyhounds run in a Grade D race at Tucson Greyhound Park in 2006. The slowest grade of dog race – and one step away from the end of a racing career – Grade D races feature greyhounds that aren’t quick enough to win faster races.
Greyhound racing in Tucson

People sit inside and outside to watch the greyhound racing at Tucson Greyhound Park in 2006.
Greyhound racing in Tucson

Juan Rocha, center left, Julien Ruiz, center right, and veterinarian Betty Menke, right, check greyhounds before a race at Tucson Greyhound Park in 2006.
Greyhound racing in Tucson

With muzzles off greyhound dogs wait for their food in their cages at the Tucson Greyhound Park. The park had an adoption drive to try and find homes for 200 retired greyhounds in 2007.
Greyhound racing in Tucson

Michelle Swift, an assistant trainer, at Tucson Greyhound Park, brings the dogs back into their cages after they have an opportunity to go outside in 2007.
Greyhound racing in Tucson

A fire at Tucson Greyhound Park in May 1949 caused $100,000 damage. From “Jack Sheaffer’s Tucson 1945-1965.”
Greyhound racing in Tucson

South Tucson firefighters ascend a ladder to assess the fire situation on the tower at Tucson Greyhound Park in 2009.
Greyhound racing in Tucson

South Tucson firefighters battle a blaze in the tower at Tucson Greyhound Park in 2009.
Greyhound racing in Tucson

Workers at Tucson Greyhound Park hurry to finish the clubhouse painting work and seat installations on the park’s new $700,000 starting box before the opening race that night on Dec. 29, 1983.
Greyhound racing in Tucson

Manny Serrato keeps an eye on the odds and the tracks at the Tucson Greyhound Park in 1999 where off track betting is a yearround deal.
Greyhound racing in Tucson

“Greyhound athletes,” as they are called at Tucson Greyhound Park, compete for an inside position on the straight during training runs at the track in 2003.
Greyhound racing in Tucson

A group of greyhounds run around the track at Tucson Greyhound Park as customers place bets on the race in 2003.
Greyhound racing in Tucson

Tags, which are used to identify the dog and the race they are in, hand on the wall at the Tucson Greyhound Park in 2011.
Greyhound racing in Tucson

Donna Mann pets Mystic Rhythms, a racing greyhound, at the Tucson Greyhound Park in 2011.
Greyhound racing in Tucson

Donna Mann, a kennel owner, pets Kotote Rita, a racing greyhound, at the Tucson Greyhound Park in 2011.
Greyhound racing in Tucson

Hector Garcia, right, scale clerk and kennel master at the Tucson Greyhound Park, weighs in dogs before the races on a Saturday night in 2000. On Saturday 128 dogs raced.
Greyhound racing in Tucson

Greyhounds break out of the starting box on Saturday night at the Tucson Greyhound Park in 2000.
Greyhound racing in Tucson

Tucson Greyhound Park, shown in 2004, sits in the heart of the city of South Tucson. The city was incorporated in 1940.
Greyhound racing in Tucson

Local greyhound adoption groups are looking for foster volunteers to help transition former racers into pets.
Information for Tucson Real Estate is compiled from records at the Pima County Recorder’s Office and from brokers. Send information to Gabriela Rico, [email protected]