722 E Route 66 Blvd - Hospitality FOR SALE


Tucumcari, NM 88401
$850,000 USD
520-664-4091
722 E Route 66 Blvd, Tucumcari, NM for Sale
$850,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

722 E Route 66 Blvd
Tucumcari, NM 88401


HIGHLIGHTS

  • 14 units, single-story, independent motel Owner finance available with attractive terms Performing at 12% cap rate Steady room revenue with the last
  • Owner finance available with attractive terms
  • Performing at 12% cap rate
  • Steady room revenue with the last 4 years averaging $265k 
  • Property offered at 3X room revenue

OVERVIEW

Jigar "Jay" Desai of NewGen Advisory is proud to present for sale the Motel Safari - Tucumcari, NM, a classic 1959 motor inn located on historic Route 66. This iconic property is celebrated for its vintage camel sign and proximity to key attractions. The Motel Safari - Tucumcari, NM is just a five-block walk from Mesalands Community College's Dinosaur Museum and 1.6 miles from the New Mexico Route 66 Museum at the Tucumcari Convention Center. The Motel Safari - Tucumcari, NM combines mid-century charm with modern amenities, featuring original custom-made furniture and unique Route 66-themed art in each room. A music-themed suite offers wood floors and music memorabilia enhancing its appeal. The exterior boasts murals and vintage billboard ads, preserving its historical allure with meticulously maintained period details and counter-stacked bricks. Tucumcari offers a vibrant mix of historical significance and developing tourist attractions, making it an attractive destination for travelers and an appealing prospect for investors.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$95 USD /SF

# OF ROOMS

14

PRICE/ROOM

$60,714 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel Safari

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,566 SF

ZONING

Commercial

APN/PARCEL ID

R904369

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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