1023 E Tucumcari Blvd - Hospitality FOR SALE


Tucumcari, NM 88401
$1,450,000 USD
602-753-1141
1023 E Tucumcari Blvd, Tucumcari, NM for Sale
$1,450,000 USD
Hospitality - FOR SALE
1/30
null | 10.07% Cap Rate

1023 E Tucumcari Blvd
Tucumcari, NM 88401


HIGHLIGHTS

  • Prime Route 66 Location – A must-stop for travelers, history buffs, and nostalgia seekers.
  • Strong Brand & Loyal Customer Base – Decade-long success with glowing reviews and repeat visitors.
  • Expansion Potential – Six additional rooms ready for renovation + an attached second motel with up to 14 more rooms.
  • Qualified Opportunity Zone – Take advantage of tax benefits in this high-potential investment area.
  • Upcoming Route 66 Centennial (2026) – International marketing by BrandUSA is driving increased interest.
  • Seller Financing Available – Flexible terms for the right buyer.

OVERVIEW

Well-maintained independent motel is a pillar of Tucumcari’s Route 66 district. The motel features 24 operational guest rooms, with several additional rooms that can be brought online with minimal work. The property greatly benefits from its stellar reputation with guests. Currently, the property produces consistent yearly revenue and NOI, but further improvement to financial performance can be made through effective marketing and rate management. Included in the sale is the adjacent former La Plaza Motel, a 14-room non-operational property that presents significant upside potential to a new owner. This added bonus would be great for expansion, redevelopment, or resale. Seller financing may be considered subject to terms.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$105 USD /SF

# OF ROOMS

24

PRICE/ROOM

$60,417 {currency}

CAP RATE

10.07%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roadrunner Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1964

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C

APN/PARCEL ID

R910684

ASK ABOUT THIS PROPERTY

Anthony BecerraNewGen AdvisoryMore Info
602-753-1141

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Anthony BecerraNewGen AdvisoryMore Info
602-753-1141

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