Creative Office Flex Retail
For Sale
$1,800,000
220 East Broadway Boulevard, Tucson, AZ 85701
Single-story brick building built in 1944 with exposed brick, skylights, and concrete floors.
Property Size8,100 SF
Price / SF$222.22
Days on Market96
Property Features for 220 East Broadway Boulevard
General Information
Standard status
Active
Size
8,100 SF
Property subtype
FlexIndustrial
Zoning
OCR-2
Site & Location
Neighborhood
Armory Park
Building Details
Year Built
1944
Stories
1
Listing Agency:
CBRE | Tucson
Listed By:
Jeff Casper · License #632063
(520) 323-5181
Source:
Cbre
Added: Jul 20
Changed: Oct 21
Last Checked: Oct 20 at 6:08PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,360
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,200
$2.4M
Cap Rate 7%
$1,690,857
$1.7M
Cap Rate 9%
$1,315,111
$1.3M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$175.0K $21.60/SF
− Vacancy
−$17.1K −$2.12/SF
EGI
$157.8K $19.48/SF
− OpEx
−$39.5K −$4.87/SF
NOI
$118.4K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,200
Cap Rate 7%
$1,690,857
Cap Rate 9%
$1,315,111
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,544
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 85701, AZ
5,132
Population
3,631
Households
1.4
Avg Household Size
37
Median Age
57%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
3,421
Density / Sq Mi
$52,672
Median Household Income
$43,762
Median Earnings
$1,183
Median Rent
$451,500
Median Home Value
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Market
Vacancy Rate% for Office in Tucson, AZ
Similar Off Market Nearby
- Healthy innovations LLC — 810 E 17th St, Tucson, AZ 85719
- El Charro Catering — 134 S 5th Ave, Tucson, AZ 85701
- Mama Carey's Catering — tucson, az 85701
- Cafe a la C'Art and Carte Blanche Catering — 150 N Main Ave, Tucson, AZ 85701
- Plate and Platter by Chef Marcus van Winden — 943 E University Blvd, Tucson, AZ 85719
Frequently Asked Questions
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
