1650 Oracle RdTucson, AZ 85705

Property Details for 1650 Oracle Rd

Year built

1948

Construction

FRAME

Lot size

0.56 AC

Property size (Sq ft)

3,383 SF

Property type

Hospitality properties

Property subtype

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.

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2424

Longitude

-110.978

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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