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- LoopNet Team
515 W Miracle Mile Strip
Tucson, AZ 85705
Riviera Motor Lodge · Hospitality Property For Sale
·
12,969 SF
Investment Highlights
- PRIME LOCATION in Central Tucson, Near University of Arizona and Downtown Tucson
- Large and Oversized Rooms with Approximately 350 - 750+ sqft of Living Space
- Priced Right for Either Hotel Owner/Operator or Affordable Housing / Non-Profit Organization
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1953 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.88 AC | Parking Ratio | 1.54/1,000 SF |
| Building Size | 12,969 SF | Corridor | Exterior |
| Zoning | C-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 12,969 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Tenancy | Single |
| Parking Ratio | 1.54/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
About 515 W MIRACLE MILE STRIP , TUCSON, AZ 85705
NewGen Advisory is proud to present the Riviera Motor Lodge 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. Additional land also included in the sale for future expansion.
Property Taxes
| Parcel Number | 107-05-1040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $28,665 |
Property Taxes
