1115 E Historic Highway 66 - Hospitality FOR SALE


Gallup, NM 87301
$350,000 USD
1115 E Historic Highway 66, Gallup, NM for Sale
$350,000 USD
Hospitality - FOR SALE
1/3
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1115 E Historic Highway 66
Gallup, NM 87301


HIGHLIGHTS

  • Very heavy traffic count
  • Right at the off ramp from Interstate 40
  • High visibility

OVERVIEW

Property is located on a very high traffic count road, in downtown Gallup NM. Has been a Motel since it's inception in 1948. The Motel has been shut down, and more than likely a buyer would use the land for a different purpose. The Seller also owns the Lariat Motel at 1105 HWY 66 (two doors to the West), and is willing to lower the prices of both properties if someone buys both of them together.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$47 USD /SF

# OF ROOMS

23

PRICE/ROOM

$15,217 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arrowhead Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,659 SF

ZONING

Heavy Commercial

APN/PARCEL ID

R000965

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