411 McKnight Ave NW - Hospitality FOR SALE


Albuquerque, NM 87102
$7,000,000 USD
480-567-6853
411 McKnight Ave NW, Albuquerque, NM for Sale
$7,000,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

411 McKnight Ave NW
Albuquerque, NM 87102


HIGHLIGHTS

  • 15-minute drive to the annual Albuquerque International Balloon Fiesta which hosts over 800,000 people every October
  • 7 miles to the Albuquerque International Sunport, which welcomes about 5.4 million passengers annually
  • Major companies including Netflix, Facebook and Amazon have entered and expanded their market presence in the last 4 years
  • 3 miles to The University of New Mexico which has over 22,000 students enrolled
  • Situated less than 5 miles from University Stadium
  • Hands off owner - Upside in topline revenue via increased sales & marketing

OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale the Comfort Inn & Suites Downtown Albuquerque, New Mexico. This four-story interior corridor property has 82 rooms and sits on 1.49-acre parcel. The rooms and common areas have been renovated in 2017. The Comfort Inn & Suites is optimally located in the largest city in New Mexico, less than three miles away from the University of New Mexico as well as the largest international airport in the state. The University of New Mexico enrolled over 25,000 students in 2021 and the Albuquerque International Sunport welcomed over 5.3 million passengers in 2023. Albuquerque's economy is supported by large companies such as Sandia National Laboratories, a government-owned research center operated by Lockheed Martin, as well as Intel Corp., Schott Solar, Thomas & Betts, General Mills and Tempur-Pedic. According to Marcus & Millichap Research Services, New Mexico has fueled a large portion of the tremendous growth in tourism in the Southwest. Please visit https://comfortinnsuitesalbuquerquedowntown.sharplaunch.com/ to view offering summary & due diligence. or contact Josh Tammen at (480) 567-6853

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$152 USD /SF

# OF ROOMS

82

PRICE/ROOM

$85,366 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Albuquerque Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1991

PARKING SPACES

107

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

none

APN/PARCEL ID

1-014-059-240127-3-21-03

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

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