1650 Oracle Rd Tucson, AZ 85705
- Hotels
- 3,383 SF
- 0.56 lot acres
Current Use by Public Records
- Quail Inn / Motel / Hotel
Property Details for 1650 Oracle Rd
- Year built
- 1948
- Construction
- FRAME
- Lot size
- 0.56 lot acres
- Property size
- 3,383 SF
- Property type
- Hotels
- APN
- 115-07-0890
- APU
- 115070890
Description
This 19-key hotel, the Quail Inn, presents a compelling investment opportunity in Tucson, Arizona. Located at 1650 N Oracle Rd, 85705, this fee-simple property boasts 3,383 square feet on a 0.56-acre lot. Built in 1946, the single-story building offers 30 parking spaces. The asking price is $1,150,000, translating to $354.71 per square foot. Eight units feature full kitchenettes, while the remaining units are equipped with water, gas, and electric hookups. Its prime location in central Tucson, near the University of Arizona and downtown, makes it attractive for various uses. The property is well-maintained and benefits from its location in an Opportunity Zone. The city actively supports conversion projects to address Tucson's housing shortage, making this ideal for an owner-operator seeking a turnkey hotel or an investor looking to repurpose the property into apartments, affordable housing, or a non-profit shelter. This represents a unique chance to acquire a well-positioned asset with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.978
- Latitude
- 32.2424
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
