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Off Market
1/9

1365 W Grant Rd
Tucson, AZ 85745


HIGHLIGHTS

  • PRIME LOCATION in Central Tucson off of Interstate - 10, Near University of Arizona and Downtown Tucson
  • Priced Right for Either Hotel Owner/Operator or Affordable Housing / Non-Profit Organization
  • Steady Income Generated of over $13,000 / month from Angry Crab Shack
  • Liquor License Included with the Sale of Property
  • Large 16,000 SQ. FT. Banquet Facility Included with the Sale of Property

OVERVIEW

NewGen Advisory is proud to present the GLH Hotel 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. The property sits on close to 6 acres or land and features 148 guest rooms with over 520 parking spots. A large 16,000 sqft ballroom is also included in the sale along with a liquor license.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Grand Luxe Hotel & Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

76169

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1967

PARKING SPACES

525

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

I-1

APN/PARCEL ID

115-16-019S,115-16-019U