Creative Office Flex Retail
220 East Broadway Boulevard Tucson, AZ 85701
New
220 East Broadway Boulevard, Tucson, AZ, 85701
$1,800,000
For Sale
$1,800,000
Single-story brick building built in 1944 with exposed brick, skylights, and concrete floors.
Property Size8,100 SF
Price / SF$222.22
Days on Market2
Property Features for 220 East Broadway Boulevard
General Information
- Standard status
- Active
- Size
- 8,100 SF
- Property subtype
- FlexIndustrial
Listing agency
CBRE - Tucson
(520) 323-5181
Listed by
Jeff Casper · License #AZSA518757000
(520) 323-5181
Source
Cbre
Added: Jul 20 Updated: Jul 21 at 8:48AM Checked: Jul 21 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Tucson
Investment Insights
Based on property information with market context.
Creative Office/Flex/Retail building built in 1944, featuring a single-story brick-faced structure. Interior highlights include exposed brick walls, barrel truss ceilings with large skylights, and concrete floors. The property was originally used for auto repair and later served as the former home of Thunder Canyon & Brick Box Brewery.
The building is situated in the heart of Downtown’s Entertainment District along the Modern Streetcar route connecting Downtown to the U of A. High-visibility signage is available, and the property is zoned OCR-2 (City of Tucson).
This combination of character finishes and open interior spaces supports a range of creative office and flex retail uses, with existing brewery and former auto-repair history informing the building’s adaptable layout.
The building is situated in the heart of Downtown’s Entertainment District along the Modern Streetcar route connecting Downtown to the U of A. High-visibility signage is available, and the property is zoned OCR-2 (City of Tucson).
This combination of character finishes and open interior spaces supports a range of creative office and flex retail uses, with existing brewery and former auto-repair history informing the building’s adaptable layout.
Key Highlights
- Single‑story brick office/flex/retail building built in 1944
- Interior includes exposed brick walls, barrel truss ceilings with large skylights, and concrete floors
- Former home of Thunder Canyon & Brick Box Brewery; originally used for auto repair
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.0k | $21.60 |
| − Vacancy | −$17.1k | −$2.12 |
| EGI | $157.8k | $19.48 |
| − OpEx | −$39.5k | −$4.87 |
| NOI | $118.4k | $14.61 |
8,100 SF · lease $21.60/SF/yr · vacancy 9.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,360 @ 7.0% cap · market cap 6.58%
Second Best
Industrial
$838.5K
$733.7K – $978.3K
NOI $58,697 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,293 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brick Box Brewery
Production Facility
Thunder Canyon Brewery
Production Facility
Shifty’s Pizza
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Cafe a la C'Art and Carte Blanche Catering — 150 N Main Ave, Tucson, AZ 85701
- El Charro Catering — 134 S 5th Ave, Tucson, AZ 85701
- Mama Carey's Catering — tucson, az 85701
- Healthy innovations LLC — 810 E 17th St, Tucson, AZ 85719
- Plate and Platter by Chef Marcus van Winden — 943 E University Blvd, Tucson, AZ 85719
FAQs
What type of property is this?
Flex space - Single-story brick building built in 1944 with exposed brick, skylights, and concrete floors.
Where is this flex space located?
The property is located at 220 East Broadway Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Single‑story brick office/flex/retail building built in 1944; Interior includes exposed brick walls, barrel truss ceilings with large skylights, and concrete floors; Former home of Thunder Canyon & Brick Box Brewery; originally used for auto repair
