305 E Benson Hwy
Tucson, AZ 85713
Spanish Trail Suites · Multifamily Property For Sale · 120 Units

Revitalized Historic Motel Offers Convenient Access to Tucson's Expansive New Developments Through Immediate Highway Proximity A nostalgic redevelopment celebrating Tucson's history as a southwest commerce hub, Spanish Trail is a historic former hotel, revitalized into a unique multifamily community completed in 1967, offers two studio floor plans featuring gas ovens & ranges, refrigerators, and a bathroom vanity. The community include utilities and on-site leasing and laundry facilities. Interested buyers also have the opportunity to purchase an additional 3.23-acre parcel adjacent to Spanish Trail. The City of South Tucson has enacted a Government Property Lease Excise Tax (GPLET) zone in one of its most important busines district corridors - Fourth Avenue, Sixth Avenue, and 29th Street. This designation is a redevelopment tool utilized to initiate development by effectively decreasing the operating costs. the GPLET can provide up to eight (8) years of property tax abatement if the property value increases at least 100%. Spanish Trail presents the owner the opportunity to work with the County and the City to see sizable tax savings for a substantial duration. Additional parcel not included in portfolio sale, but is available for consideration. In addition to the GPLET, Spanish Trail is located in a federal Opportunity Zone, allowing investors to reinvest capital gains monies to receive reductions on these gains taxes relative to the years of their investment.