755 E Benson Hwy - Hospitality FOR SALE


Tucson, AZ 85713
$3,600,000 USD
520-664-4091
755 E Benson Hwy, Tucson, AZ for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

755 E Benson Hwy
Tucson, AZ 85713


HIGHLIGHTS

  • PRIME LOCATION in Central Tucson off of Interstate - 10, Near University of Arizona, Kino Sports Complex, and Tucson Marketplace at The Bridges
  • Redevelopment Opportunity to Acquire Property at $30k a key

OVERVIEW

NewGen Advisory is proud to present the Minsk Hotel 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 property sits on close to 2 acres of land and features 119 guest rooms.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$119 USD /SF

# OF ROOMS

119

PRICE/ROOM

$30,252 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Minsk Extended Stay

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

108

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C-2

APN/PARCEL ID

132-13-050

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.