$1,300,000.00
Asking Price
Status: Active
Posting ID: 284446
12/28/23
Description
Exceptional Investment Opportunity on a Busy Main Street in New Mexico!
Discover the potential of this 34-room motel, strategically located on a bustling main street. Featuring easy operations and a value-add proposition, the property includes a building that can be converted into additional rooms.
Key Features:
- 34 Guest Rooms
- On-Site Housekeeping and Laundry Room
- Guest Laundry Facilities
- 2 Bed, 1 Bath Manager's Quarters with a Spacious Kitchen and Living Area
- Large 1500 sqft Storage Space Attached to Manager's Quarters
Property Highlights:
- Year Built: 1960
- Lot Size: 1.48 Acres
- Zoning Type: H-1 (Hospitality)
- Renovated in 2009
- Diverse Mix of National and Local Tenants
- Comprehensive Renovation in 2009, Office Revamped in 2018
Investment Snapshot:
- Price: $1,300,000
- Net Operating Income: $115,000
- Priced Below Replacement Cost
- Valuable Value-Add Opportunity
Strategic Locale:
- Main Street Frontage for Excellent Visibility
- Positioned on a Major Thoroughfare in the Dominant Retail Corridor
- Among the Fastest Growing Cities in New Mexico
- Seize this exclusive chance to invest in a thriving hospitality property with the potential for substantial returns. Act now to secure your position in one of New Mexico's premier locations! 🌟🏞️ #InvestmentOpportunity #HotelNM #HospitalityProperty #hotelsuccess
To get more information about this Motel Franchise - Profitable, Easy Operation business for sale in please phone Crystal Lee (Broker) at 858-717-3005 Text and 858-210-8282 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284446 on BizBen.com. In addition to phoning Crystal Lee, make sure you email Crystal Lee above to get more info about this Motel Franchise - Profitable, Easy Operation, to ask any questions or request an appointment to see this business for sale. Thank you. American Real Estate.
Contact
Details
Asking Price: $1,300,000.00
Down: $1,300,000.00
Cash Flow: $115,000.00
Revenue: $280,000.00
Area:
City: None Given
Attributes:
My Notes About This Listing
Cash flow
$115,000
Revenue
$280,000
Down
$1,300,000
Posting: 284446 | Available | 12/28/23
Discover the potential of this 34-room motel, strategically located on a bustling main street. Featuring easy operations and a value-add proposition, the property includes a building that can be converted into additional rooms.
Asking Price
$1,300,000
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