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    6505 La Cholla Blvd Tucson, AZ 85741

    Sponsored
    For Sale
    $28,000,000

    Luxury Senior Living Facility, 123 Beds

    Property size:
    50,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.09-acre property in Tucson, Arizona, presents a lucrative investment opportunity in the thriving senior living market. The BridgeWater Assisted Living facility boasts 50,220 square feet, encompassing five buildings, and currently operates at 88% occupancy. The property features 108 units with a total of 123 licensed beds, all permitted for Directed Care (Memory Care), offering flexibility to operate as Assisted Living, Memory Care, or a combination. Built in 2007, the facility includes full commercial kitchens and dining rooms in each villa, along with amenities such as exercise and wellness centers, a beauty salon, activity and media rooms, computer stations, scenic paths, housekeeping, laundry service, chauffeured transportation, and an emergency call response system. The property is zoned CB Commercial Business, allowing for behavior health facilities. A significant advantage is a 1.5-acre lot already entitled for an additional 55 independent living units

    Property Features for 6505 La Cholla Blvd

    General Information

    Property type
    Retirement homes
    Square Feet
    50,220 SF
    Class
    A
    Lot Size
    439,520 SF

    Building Details

    Year Built
    2007
    Buildings
    5
    Stories
    1
    Units
    108

    HighLights

    • 10.09‑acre site in Tucson, AZ, with a 50,220 SF, 108‑unit assisted living facility.
    • Currently operating at 88% occupancy with 123 licensed beds.
    • Five buildings with full commercial kitchens and dining rooms in each villa.
    • On‑site amenities include exercise and wellness centers, a beauty salon, activity and media rooms, and computer stations.
    • Additional amenities include scenic paths, housekeeping, laundry service, chauffeured transportation, and an emergency call system.
    • Zoned CB Commercial Business, allowing for behavioral health facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. John M. ... Geriatrician BridgeWater Assisted Living ... Assisted Living Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.0126156
    Latitude
    32.3252506

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    FAQs

    What type of property is this?
    Retirement home - Luxury Senior Living Facility, 123 Beds
    Where is this retirement home located?
    The property is located at 6505 La Cholla Blvd Tucson, AZ.
    What is the asking price?
    The asking price for this property is $28,000,000.
    What are key features of this property?
    This property features: 10.09-acre site in Tucson, AZ, with a 50,220 SF, 108-unit assisted living facility.; Currently operating at 88% occupancy with 123 licensed beds.; Five buildings with full commercial kitchens and dining rooms in each villa.
    Request Owner's contact information
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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

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    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
    6505 La Cholla Blvd Tucson, AZ 85741
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