An opportunity to purchase a cash flowing value added development opportunity in the heart of Tucson, Arizona. The Tucson Racquet Club is on 6 parcels of land totaling 14.16 acres and generates approximately USD4.5 million per year in revenue with potential to increase NOI to USD1 million per year. The property further offers an additional development opportunity in a prime location in the center of the city for residential and commercial retail of approximately 15,000 square meters.
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Cash flowing business with development opportunity
The Property comprises The Tucson Racquet Club and additional land contained within 6 land parcels. There are currently 5,500 members who pay between 100 to 140 usd per month for their membership, with further additive revenue streams flowing from various activities including tennis lessons, yoga, swimming and gym training lessons on a fee sharing basis with local instructors.
LOCATION
The Property
Located in the foothills of the Catalina Mountain range on the south side of the Rillito River, about five kilometers north of the University of Arizona, an ideal location situated within the community.
Exclusive Location
1 hours flight to
10 minutes drive to international supermarkets located in
