750 Starr Pass BlvdTucson, AZ 85713

Property Details for 750 Starr Pass Blvd

Year built

1984

Construction

FRAME

Lot size

2.79 AC

Property size (Sq ft)

25,033 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

116-23-137E

APU

11623137E

Description

This 98-key Quality Inn in Tucson, Arizona, presents a compelling investment opportunity, priced below replacement cost. Built in 1984, this two-story hotel boasts spacious rooms exceeding 300 square feet, each featuring built-in closets and patios. The property includes numerous common areas adaptable for various uses, such as a fitness center or meeting spaces. Its prime location in central Tucson, near the University of Arizona and downtown, offers excellent potential. The sale includes additional land suitable for future expansion. Given Tucson's housing shortage, the city actively supports conversion projects, making this property ideal for an owner-operator seeking a turnkey hotel or an investor looking to repurpose it into affordable housing, a non-profit shelter, or another productive use. The asking price is $8,200,000. The property is located at 750 W Starr Pass Blvd, Tucson, AZ 85713.

• CAP approach

  CAP return

  Valuation

  6%

  $3,815,751

  6.5%

  $3,522,232

  7%

  $3,270,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,788,904

  Geo Method

  $9,788,904

• Alternative Use

  Use

  Valuation

  Residential

  $3,845,254

  Hospitality

  $3,522,232

  Educational

  $2,930,456

  Medical

  $3,031,238

  Retail

  $4,558,486

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2074

Longitude

-110.981

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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