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3314 E Benson Hwy
Tucson, AZ 85706
Benson Motel · Hospitality Property For Sale
·
8,013 SF
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1949/2020 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.24 AC | Parking Ratio | 4.49/1,000 SF |
| Building Size | 8,013 SF | Corridor | Exterior |
| Zoning | MU | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 8,013 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2020 |
| Tenancy | Single |
| Parking Ratio | 4.49/1,000 SF |
| Corridor | Exterior |
| Zoning | MU |
About 3314 E BENSON HWY , TUCSON, AZ 85706
The Benson Motel for Veterans is a 29-unit motel/park in southern Tucson, AZ; comprised of 16 studios, 7 of which are gutted and need to be renovated; 6 1-bed/1-bath units; 1 2-bed/2-bath house; 2 MH park models & 5 RV spaces. Currently, all units are occupied except the 8 studios and 2 of the RV spaces (kept open for transient income). The buildings were built in 1949, 1962 & 1971 and consist of 6,621 square feet over 0.8 acres, zoned Mixed Use (MU). All utilities are serviced by the City of Tucson and are included in rent; upside in recapturing water expenditures through small rental hikes or a RUBS system. Financing approved through Catalina Mortgage's Cliff Dubois at a 65% LTV over 25 years at 10%. Seller is in the process of finishing renovations on the property. Price will remain $1,100,000.00 at completion. Seller may provide a comparable price reduction if an investor would like to finish the renovations.
Property Taxes
| Parcel Number | 140-09-0260 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $28,416 |
Property Taxes
