807 Highway 85 - Hospitality FOR SALE


Socorro, NM 87801
$1,900,000 USD
575-418-5660
807 Highway 85, Socorro, NM for Sale
$1,900,000 USD
Hospitality - FOR SALE
1/17
null | 22.58% Cap Rate

807 Highway 85
Socorro, NM 87801


HIGHLIGHTS

  • Seller Financing may be available
  • May Credit Buyer towards future renovations
  • I-25 Transient demand
  • The property offers an owner/manager unit

OVERVIEW

EXCLUSIVELY REPRESENTED BY ORION INVESTMENT REAL ESTATE - Dmitry Baer This asset is situated quite elegantly on the I-25. Plenty of opportunity for revenue under the right management. Master Lease opportunity. The property offers flag repositioning with G6, Choice ( Extended Stay Brand), Wyndham, or RedRoof . The positive value-add opportunity can be significant. Unlike other markets and other comparisons, this hotel can bring maximum returns to with minimal effort. Not only is this a rare opportunity, many investors would be proud to have this in their portfolios.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$60 USD /SF

# OF ROOMS

95

PRICE/ROOM

$20,000 {currency}

CAP RATE

22.58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gazelle Stay Studio Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1981

PARKING SPACES

108

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

C-2

APN/PARCEL ID

R002087

ASK ABOUT THIS PROPERTY

Dmitry BaerORION Investment Real EstateMore Info
575-418-5660

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Dmitry BaerORION Investment Real EstateMore Info
575-418-5660

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