1742 N Oracle Rd - Apartments FOR SALE


Tucson, AZ 85705- Balboa Heights
$1 USD
520-490-2113
1742 N Oracle Rd, Tucson, AZ for Sale
$1 USD
Apartments - FOR SALE
1/10
null | 7% Cap Rate

1742 N Oracle Rd
Tucson, AZ 85705
Balboa Heights


HIGHLIGHTS

  • MARKET PRICING - contact brokers for pricing guidance
  • Deep-value add opportunity
  • over 1 acre lot size
  • Located near Downtown Tucson
  • Pool area, office, and laundry facilities
  • Redevelopment opportunity w/architectural plans

OVERVIEW

**MARKET PRICING - contact brokers for pricing guidance** Hacienda Motel offers an incredible investment opportunity to transform this 51-door, dilapidated motel into a thriving multi-family apartment complex. The property, currently consisting of a mix of studio and 1-bedroom/1-bathroom motel units along with two additional apartments. This asset presents a chance for a developer or investor to unlock significant potential in the heart of Tucson through redevelopment. The current ownership has already undertaken substantial efforts, including time and financial investments, to investigate the validity for the conversion. Contact the brokers for more detailed building plans for the existing structures and formal architectural plans and supporting documents for further review. Situated on over 1 acre of prime land, Hacienda Motel is just minutes from Tucson’s vibrant downtown area. The location is ideal for redevelopment, offering proximity to a lively mix of dining, entertainment, cultural attractions, and public amenities, all within walking distance. This makes the property especially appealing to future tenants who value convenience and an active lifestyle. Additionally, the property features amenities that can add value to a future apartment complex, such as an on-site office, a gated pool, a laundry facility, and a BBQ patio area. These features, combined with the potential for modern upgrades, can significantly enhance the property's appeal to prospective renters. The utilities – electric, gas, water, and sewer – are currently master-metered, presenting an opportunity for streamlined operations during and after redevelopment. With Tucson’s growing population and demand for affordable housing near downtown, this property is primed to meet the market needs while offering an attractive return on investment for the right developer. Don’t miss this rare chance to acquire a centrally located property with the framework already in place for an exciting redevelopment project. Hacienda Motel is ready to be reimagined into a valuable multi-family asset. Contact us today for more information and a property tour and to discuss how you can bring this vision to life!

FOR SALE DETAILS

PRICE

$1 USD

PRICE/SF

$0.000021 USD /SF

# OF UNITS

53

PRICE/UNIT

$0

CAP RATE

7%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hacienda Motel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C3

APN/PARCEL ID

115-07-0750

ASK ABOUT THIS PROPERTY

Allan MendelsbergCushman & Wakefield | PICORMore Info
520-490-2113

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Allan MendelsbergCushman & Wakefield | PICORMore Info
520-490-2113

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