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437 W Miracle Mile, Tucson, AZ 435 W Miracle Mile, Tucson, AZ 465 W Miracle Mile, Tucson, AZ
2.87 AC for Development in Tucson
Asset ClassMultifamily, Mixed Use, Hotel & Hospitality
Available Individually or Together: ±2.87-Acre Miracle Mile Redevelopment Assemblage
overview of deal

Overview

Situated along historic Miracle Mile in Tucson, Arizona — one of the city's most recognizable gateway corridors and a designated focus area of the "Thrive in 05" revitalization initiative — this offering presents two infill opportunities available individually or together for a combined ±2.87-acre assemblage.

 

Apartments on Miracle Mile and Adjacent Parcels — Comprising a combined ±1.81 acres, this offering presents a compelling value-add opportunity for investors looking to reposition the existing asset or pursue full redevelopment, backed by strong surrounding demand drivers in this infill location.

 

Sunland Motel — Built in 1952, the ±1.06-acre Sunland Motel occupies a highly visible position along the corridor. The property also includes a manager's office/apartment with two bedrooms, one bathroom, a living room, and a kitchen — added flexibility for an owner-operator or interim income during a reposition.

 

Tucson, AZ — A destination known for its year-round appeal, drawing visitors with 350 days of sunshine annually. The market benefits from durable leisure demand, with attractions such as Saguaro National Park and ensive foothill and canyon trail systems drawing outdoor enthusiasts, while the city's UNESCO City of Gastronomy designation and celebrated Mexican food scene anchor a strong culinary tourism base.

 

Tucson hosts a robust calendar of festivals, concerts, and annual events that bring steady visitation throughout the year, alongside a growing history and culture segment tied to the region's Spanish, Mexican, and Native American heritage. This diversified demand base, combined with the presence of Davis-Monthan Air Force Base and the University of Arizona, supports a stable mix of leisure, corporate, and military-driven travel across the broader Tucson market.

Investment Highlights

  • Year built: Apartments - 1949 | Sunland Motel - 1952
  • Zoning: Apartments - C-2 | Sunland Motel - C
  • Available together or individually
  • Significant value-add opportunity
  • Prime Historic Miracle Mile location "Thrive in 05"
  • Located near the University of Arizona, Casino Del Sol Casino, Tucson Mall, Historic 4th Avenue, Pima Community College Downtown Campus
  • Multifamily / housing development potential

Demand Generators

Miles from Hotel
Pima Community College – Downtown Campus
2.1
Tucson Mall
2.1
Tucson Convention Center
3.3
Historic Fourth Avenue
3.3
Banner University Medical Center Tucson
3.6
University of Arizona (Main Campus)
3.9
Tucson International Airport (TUS)
11.9
Davis-Monthan Air Force Base
12.0
Casino Del Sol Resort & Casino
15.0
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437 W Miracle MileTucson, AZ 85705

Sales Team

Jigar "Jay" DesaiSenior Vice President

License #: AZ SA675144000

(520) 664-4091jigar.desai@newgenadv.com
Dinesh "Dan" RamaDesignated Broker

License #: AZ BR515223000

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