Red Rock Inn

Red Rock Inn
1000 S Freeway
Tuscon, AZ

$2,800,000
42 Rooms
Interior Corridor

Property Information

Address: 1000 S Freeway
Tucson, Arizona 85745
Building Size: 14,950 SF
Lot Size:

0.72 Acres
17715 SF

Parcel ID: 116-23-142C
Zoning: C-2 Commercial
Price: $2,800,000
Parking: 28 Spaces
Property Description:
  • 42 rooms: 22 Single, 20 Double
  • 1 onsite Managers Suite
  • Office, Common Areas, Laundry Facilities & Storage Rooms
  • Located in an Opportunity Zone

 

Property Highlights:

  • Managers Suite onsite
  • Office
  • Laundry Facilities
  • Interior Corridor

Room Highlights:

  • Wall mounted air conditioning
  • Single and Double Occumpancy Rooms
  • Furniture to convey with sale
  • Fridge & Microwave in units
  • Large Bathrooms

Managers Quarters:

  • Large bathroom with shower and tub
  • plenty of cabinet space
  • Bedroom, Living Room, Kitchen wit bar area, and Bathroom

Location Highlights:

  • Minutes from U of A & Downtonw
  • Close to Tucson Convention Center
  • Near I-10 & I-19 Interchange
  • Located in an Opportunity Zone

 

SureStay Phoenix – Additional Information

Parking: 28 Spaces

Year Built: 1953

Number of Rooms:

  • Single Bed: 22 Rooms 325 SQFT
  • Double Bed: 20 Rooms 355 SQFT
  • Manager Suite: 1 Room 700 SQFT

Room Highlights:

  • Wall Mounted Air Conditioner
  • Single & Double Occupancy Rooms
  • Possible to Convert to Apartments
  • Furniture to Convey
  • Cable TV wired centrally with individual room access
  • Currently not on a Cable contract
  • 5 ground floor adjoining rooms
  • 4, 2nd floor, adjoining rooms
  • Gem show = about $4k/room
  • Gem Show Revenue – 10 stalls in front lot about $1500/stall (not included in revenue)
  • Concrete construction, exterior walls and between rooms

Current Price Per Room:

  • 1 Bed – $70+ Tax
  • 2 Bed – $85+ Tax
  • ADR for Month January – $81
  • ADR for Month February – $96

*ADR=Average Daily Rate

New Equipment:

  • 2019 – Installed new central A/C
  • 2021 – New Water Heater Installed
  • 2021 – New Water Softener Installed

Property Highlights:

  • Value Add Opportunity
  • Near Downtown, U of A, & Gem Show
  • Opportunity Zone
  • Laundry Facilities
  • Managers Suite
  • Office

SureStay Phoenix – Resources

Contact Rob Lamb

If you’d like to get in touch with Rob Lamb Reality about this property, please feel free to call Rob directly on his cell phone at (520) 444-4411 or emailing him at roblamb@roblamb.com.