625 W Broadway St - Hospitality FOR SALE


Needles, CA 92363
$950,000 USD
760-684-2139
625 W Broadway St, Needles, CA for Sale
$950,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

625 W Broadway St
Needles, CA 92363


OVERVIEW

Econo Lodge For Sale – 25-Key Hotel – Fully Renovated Interior & Exterior This 25-room Econo Lodge offers a fantastic opportunity for a new ownership group to take over a fully renovated property with both interior and exterior upgrades. The hotel is turn-key, offering a modern, fresh atmosphere that enhances the guest experience. This is an ideal investment for owners seeking a more hands-on approach, providing a manageable operation with the potential for personalized management and increased profitability. Key Features: • Fully Renovated Interior & Exterior: The property has undergone extensive renovations, including updated guest rooms, refreshed lobby area, modernized amenities, and enhanced curb appeal. The exterior upgrades ensure it stands out as a well-maintained destination, while the interior upgrades offer comfort and style to attract repeat guests. • Strategic Location: Positioned along the legendary Route 66, this property enjoys high visibility and traffic from tourists exploring the famous highway. Located just off Interstate 40, it is perfectly situated between major cities: 256 miles east of Los Angeles and 222 miles west of Phoenix, AZ. Additionally, it is only 26 miles south of Laughlin, Nevada, a popular resort destination along the Colorado River, drawing leisure travelers year-round. • Easy Access to Major Routes: With proximity to Interstate 40, travelers have direct access to a major transcontinental highway, ensuring steady traffic from both interstate and local travelers. The hotel is ideally located for both business travelers and tourists on road trips, offering easy access to numerous attractions in the area. • Strong Local and Regional Appeal: This area sees a mix of both regional and national tourism, with visitors en route to popular destinations such as Laughlin, the Grand Canyon, and other nearby national parks. The proximity to the Colorado River further enhances its appeal to guests seeking outdoor recreational activities like boating, fishing, and hiking. • Hands-On Ownership Opportunity: With 25 rooms, this hotel is the ideal size for a more personalized, hands-on management approach. The property's small scale offers an excellent opportunity for a new ownership group to make a direct impact on operations, guest experience, and profitability, while maintaining a manageable level of responsibility. • High Growth Potential: Given its location and the recent renovations, this property is well-positioned for strong performance. The potential for growth is evident, especially with further investment in marketing, local partnerships, and maximizing the seasonal influx of tourists from surrounding cities and attractions. Investment Highlights: • Prime location on historic Route 66 • Recently renovated interior and exterior • 25 well-maintained rooms, ready for immediate operation • Easy to access off Interstate 40 • Close proximity to Laughlin, NV, and popular attractions • Strong local tourism appeal, including riverfront activities This is a fantastic opportunity for a motivated ownership group to step into an upgraded and operational property in a prime location. Whether you are looking to expand your portfolio or invest in a hands-on hospitality business, this Econo Lodge offers excellent potential for success. ***PLEASE DO NOT TALK TO THE MANAGERS AS THEY DO NOT KNOW THE PROPERTY IS FOR SALE AND WOULD NOT BE ABLE TO PROVIDE AND INFORMATION***

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$105 USD /SF

# OF ROOMS

25

PRICE/ROOM

$38,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge For Sale

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

GC

APN/PARCEL ID

0186-112-21

ASK ABOUT THIS PROPERTY

Randy SanchezMGR Real Estate, Inc.More Info
760-684-2139

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Randy SanchezMGR Real Estate, Inc.More Info
760-684-2139

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