Description

150 S Houghton Rd is a retail property for sale in Tucson, AZ 85748, with 4,500 SF of gross leasable area. Its 94% occupancy gives an investor an existing income position, while 250 SF of available space leaves a defined leasing opportunity.

Built in 2006, the property sits on 0.15 acres and carries C-1 zoning. The 4,500 SF gross leasable area establishes the scale of the retail investment; the 250 SF on offer is a separate availability figure, not additional building area. Occupancy of 94% places the focus on the income already in place alongside that remaining space. The property’s NNN lease structure and $5.26/SF/year in operating expenses are relevant to how a buyer reads that income. APN 133-48-128G identifies the parcel included in the sale.

The asking price is $1,400,000, or $311.11 per SF. At a 6.23% in-place cap rate and $87,177 in-place NOI, the offering presents a measurable current-income position rather than one dependent solely on future leasing. A 10 years WALT gives the buyer a lease-duration measure to weigh against the 94% occupancy and 250 SF of available space. For a retail investor, the decision centers on the relationship between that income, the remaining leasing opportunity, and the asking price.