Listed by NewGen Advisory Phoenix, NewGen Advisory
$995,000
Quail Inn
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 3,383
Keys 19
Price per SqFt $355
Broker Co-Op Yes
Year Built 1946
Buildings 1
Stories 1
Acreage 0.560
Zoning C3
Parking Spaces 30 spaces
Parking Per SqFt 8.87
Ownership Fee Simple
Sale Condition For sale by owner
MULTI FAMILY CONVERSION | BOUTIQUE MOTEL OPPORTUNITY
Marketing description
NewGen Advisory is proud to present the Quail Inn 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.
Investment highlights
Prime Location in Central Tucson, Near University of Arizona and Downtown Tucson
Priced Right for Either Hotel Owner/Operator or Affordable Housing / Non-Profit Organization
Well Maintained with Pride of Ownership
8 Units Include Full Kitchenettes, Rest of Units Offer Water, Gas, and Electric Hookups Already in Place
Located in an Opportunity Zone
Large Manager’s Quarters On-Site
Listing Contacts
Listed by NewGen Advisory Phoenix, NewGen Advisory
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