150 Houghton RdTucson, AZ 85748

Property Details for 150 Houghton Rd

Year built

2006

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

4,500 SF

Property type

Retail properties

Property subtype

Strip malls

APN

133-48-128G

APU

13348128G

Description

This 1,200 square foot single-tenant office suite is ideally situated at the hard corner of Broadway Boulevard and Houghton Road in a vibrant neighborhood retail building. The property benefits from exceptional visibility and ample parking, making it highly attractive to businesses and their employees. Under new ownership, this space presents a fresh opportunity for a variety of uses, including retail or office. The location boasts strong co-tenancy with established businesses such as Galaxy Theatres (the only theatre in east Tucson), Starbucks, UPS Store, Sally Beauty, Hops Sports Grill, and Robek's Juice. This strategic location ensures high foot traffic and brand visibility, providing a significant advantage for any business seeking a prominent presence in this thriving area of Tucson. The suite is ready for immediate occupancy, offering a turnkey solution for businesses looking to establish or expand their operations in a prime commercial location. The property's excellent visibility and convenient access make it an ideal choice for a wide range of businesses. This is a rare opportunity to secure a well-located, single-tenant space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $655,441

  6.5%

  $605,022

  7%

  $561,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,886,976

  Geo Method

  $1,886,976

• Alternative Use

  Use

  Valuation

  Residential

  $510,359

  Hospitality

  $467,486

  Educational

  $388,943

  Medical

  $402,319

  Retail

  $605,022

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2189

Longitude

-110.774

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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