10 Houghton RdTucson, AZ 85748

Property Details for 10 Houghton Rd

Year built

1999

Construction

FRAME

Lot size

7.19 AC

Property size (Sq ft)

55,643 SF

Property type

Retail properties

Property subtype

Strip malls

APN

133-48-128F

APU

13348128F

Description

This exceptional 2,040-square-foot retail space is situated on a highly visible corner lot at the intersection of Broadway Boulevard and Houghton Road in Tucson, Arizona. The property, built in 1999, sits on a 7.2-acre parcel and is part of the Montesa Plaza shopping center. This single-tenant space offers immediate occupancy and benefits from the strong tenancy of the surrounding center, anchored by Galaxy Theatres, the only theatre in east Tucson. Other notable tenants include Starbucks, UPS Store, Cost Cutters, and Robek's Juice. The location boasts excellent visibility and accessibility, with five points of ingress/egress. The recent Broadway Improvements Project has enhanced the area with four-lane expansion, new drainage, sidewalks, and landscaping. The property serves an affluent demographic, with average household incomes exceeding $104,000, significantly higher than the Tucson average. Many existing tenants have occupied the center since its construction, demonstrating the location's long-term appeal. This prime retail space presents a unique opportunity for businesses seeking high visibility and a strong tenant base in a thriving community. The property is located in Pima County, Arizona, with a zip code of 85748.

• CAP approach

  CAP return

  Valuation

  6%

  $8,104,596

  6.5%

  $7,481,166

  7%

  $6,946,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,332,668

  Geo Method

  $23,332,668

• Alternative Use

  Use

  Valuation

  Residential

  $6,310,644

  Hospitality

  $5,780,516

  Educational

  $4,809,321

  Medical

  $4,974,721

  Retail

  $7,481,166

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2197

Longitude

-110.774

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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