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    1365 West Grant Road Tucson, AZ 85745

    Sponsored
    For Sale
    $6,900,000

    Tucson Hotel: 148 Rooms, 6 Acres

    Property size:
    91,308 SF

    Description

    Added:
    Jan 28, 2025
    Days on Market:
    343
    Exceptional investment opportunity: the Grand Luxe Hotel & Resort (GLH) in Tucson, Arizona, is listed below replacement cost. This 148-room hotel, situated on nearly 6 acres, presents a compelling proposition for both owner-operators and those seeking adaptive reuse projects. The property boasts a prime location off Interstate-10, providing convenient access to the University of Arizona and Downtown Tucson. Its proximity to major attractions, including the Saguaro National Park and Reid Park Zoo, enhances its appeal. The hotel includes a large 16,000 sq ft banquet facility and over 520 parking spaces. A significant advantage is the inclusion of a liquor license and a currently leased restaurant generating over $13,000 monthly in income. The City of Tucson actively supports conversion projects to address the housing shortage, making this property ideal for affordable housing, non-profit shelters, or student housing. All rooms feature adjoining doors, facilitating unit combination for various configurations. This turnkey property offers substantial potential for a strong return on investment, regardless of its ultimate use.

    Property Features for 1365 West Grant Road

    General Information

    Property type
    Hotels
    Square Feet
    91,308 SF
    Price / Square Foot
    $75
    Total Parking Spaces
    520
    Elevators
    N/A
    Lot Size
    259,182 SF

    Building Details

    Year Built
    1967
    Units
    148

    HighLights

    • Prime Tucson location near I‑10, University of Arizona, and downtown.
    • 148 guest rooms and over 520 parking spaces on nearly 6 acres.
    • Potential for adaptive reuse as affordable housing or non‑profit.
    Location Intelligence

    Current Use by Public Records

    Savage automotive Mechanic Angry Crab Shack ... Seafood Restaurant Grand Luxe Hotel ... Hotel Hotel Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    State
    Arizona
    Longitude
    -110.993649
    Latitude
    32.24955

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    FAQs

    What type of property is this?
    Hotel - Tucson Hotel: 148 Rooms, 6 Acres
    Where is this hotel located?
    The property is located at 1365 West Grant Road Tucson, AZ.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: Prime Tucson location near I-10, University of Arizona, and downtown.; 148 guest rooms and over 520 parking spaces on nearly 6 acres.; Potential for adaptive reuse as affordable housing or non-profit.
    (520) 664-4091
    Request Owner's contact information
    1365 West Grant Road Tucson, AZ 85745
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    Tucson, AZ 85745
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1365 West Grant Road Tucson, AZ 85745
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