10020 Country Club Ln NW - Retail FOR SALE


Albuquerque, NM 87114
$3,250,000 USD
505-639-1266
10020 Country Club Ln NW, Albuquerque, NM for Sale
$3,250,000 USD
Retail - FOR SALE
1/24
null | Request Cap Rate

10020 Country Club Ln NW
Albuquerque, NM 87114


HIGHLIGHTS

  • Ideal location adjacent to the golf course, with little competition. Next closest motel is a 3 mile drive away.
  • Property is selling out every weekend.
  • Overhead is good with labor being less than 20% of budget.
  • 50% of bookings made directly through recently designed website.
  • April-August room revenue was $249,000. Large upside with event revenue.
  • 1 ADA-compliant room, and 2 designated pet-friendly rooms.

OVERVIEW

The El Verde Inn is a newly renovated, boutique hotel located in Albuquerque – near Rio Rancho. It includes amenities such as complimentary on-site parking, a kiva fireplace in the lobby, local art on display (not owned by El Verde), an outdoor courtyard, fire pits, direct access to the Paradise Hills Golf Course, meeting and event space, and wedding facilities. There are 16 rooms available, all with queen or king size beds, some being pet-friendly and/or ADA-compliant. In addition, there is space for approximately 4-5 more rooms in an unfinished area upstairs.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$395 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Verde Inn & Event Space

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,556 SF

ZONING

NR-C

APN/PARCEL ID

1-012-065-242295-3-09-09

ASK ABOUT THIS PROPERTY

Coralee QuintanaeXp RealtyMore Info
505-639-1266

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Coralee QuintanaeXp RealtyMore Info
505-639-1266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.