665 N. Freeway Rd., Tucson AZ

Motel for Sale - $4,700,000


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Agent Info

NameDan Rama

Property Info

CIMLS #966955
Location665 N. Freeway Rd.
Tucson AZ 85745
Last UpdatedNovember 12th, 2017
TypeMotel
Price$4,700,000

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Property Description

The Ramada Limited Tucson West is a 132 room exterior corridor hotel located off of the Interstate 10 in Tucson, Arizona. This hotel is conveniently located less than 10 minutes from the University of Arizona and Downtown Tucson providing access to all that Tucson has to offer to business, transient, and vacationing travelers alike.

The Ramada Limited Tucson West is also sold out every year during the two week Arizona Mineral & Fossil Show during Tucson's renowned Gem Show. The hotel converts first level rooms to 80 retail stores, attracting thousands of guests throughout this annual event.

Location Description:

Located just off I-10, our Ramada Limited Tucson West hotel near University of Arizona offers convenient access to popular area businesses, attractions, and restaurants. The Ramada Limited Tucson West is located just minutes from downtown Tucson and provide convenient services and amenities to leisure, travel and business travelers.

Tucson is the second-largest metro area in Arizona, containing almost 1 million residents. The city of Tucson accounts for over half of the population with 527,400 individuals. Population growth in the metro is forecast to average 1 percent annually through 2017.

Tucson has capitalized on its high-tech cluster program, spawning local technology jobs and high-tech companies. In the early 1990s, the Greater Tucson Economic Council targeted businesses in the areas of aerospace and defense, bioscience, solar and information technology. Working with the University of Arizona Science and Technology Park (UA Tech Park), the council has helped attract high-technology manufacturers to the county.

UA Tech Park sits on 1,345 acres in Southeast Tucson. Almost 2 million square feet of space has already been developed, featuring high-tech office, R&D and laboratory facilities. The Park is also home to the Arizona Center for Innovation, a technology business incubator, and three educational institutions — UA South, Pima Community College, and Vail Academy and High School. The UA Tech Park contributes nearly $3 billion annually to Pima County's economy and is one of the region's largest employment centers.

Tucson is part of a federal empowerment zone program aimed to direct job creation in specific locations within the metro. By offering incentives to companies forming or expanding in low-income areas, these zones seek to strengthen both the local economy and linkage to international trade. Located only 60 miles from the Mexican border, the area benefits from increased international trade through NAFTA.

The Tucson metro area is situated entirely within Pima County in south central Arizona. The region is surrounded by four main mountain ranges: the Santa Catalina Mountains to the north, the Rincon Mountains to the east, the Santa Rita Mountains to the south, and the Tucson Mountains to the west. Mount Wrightson is the highest peak at over 9,400 feet. The county's location in the Sonoran Desert provides for an arid climate with temperate winters that attract "snowbirds."

Highlights:

>> Located in Tucson, Arizona, one of the fastest growing markets in the United States

>> Excellent Highway Visibility off Interstate 10

>> Conveniently located to popular attractions

>> Host of the annual, 2 week Arizona Mineral & Fossil Show

>> Consistent trucking business due to ample parking

>> New roof recently installed

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