1650 N Oracle Rd - Hospitality FOR SALE


Tucson, AZ 85705
$1,150,000 USD
520-664-4091
1650 N Oracle Rd, Tucson, AZ for Sale
$1,150,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

1650 N Oracle Rd
Tucson, AZ 85705


HIGHLIGHTS

  • PRIME LOCATION in Central Tucson, Near University of Arizona and Downtown Tucson
  • Priced Right for Either Hotel Owner/Operator or Affordable Housing / Non-Profit Organization
  • Well Maintained with Pride of Ownership
  • 8 Units Include Full Kitchenettes, Rest of Units Offer Water, Gas, and Electric Hookups Already in Place
  • Located in an Opportunity Zone

OVERVIEW

NewGen Advisory is proud to present the Quail Inn located in Tucson, Arizona. Listed under replacement cost, this hotel is a great opportunity for an investor looking for a turn key property with a great return. This is an ideal opportunity for either an owner/operator or for an alternative use investor looking to repurpose this to a more productive use. Whether the property be kept as a motel or be changed into apartments, affordable housing or operate as a non-profit shelter - the property will thrive. The City is in full support for these conversion projects due to Tucson's severe housing shortage. The Quail Inn is strategically located in Central Tucson in the Historical Oracle District and within a short drive from the University of Arizona and Downtown Tucson. This location offers various attractions, all within driving distance such as Historic 4th Avenue, Main Gate Square, and U of A Football/Basketball Stadium.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$340 USD /SF

# OF ROOMS

18

PRICE/ROOM

$63,889 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quail Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C-3

APN/PARCEL ID

115-07-089

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.