1610 Cedar St - Hospitality FOR SALE


Raton, NM 87740
$1,390,000 USD
602-753-1141
1610 Cedar St, Raton, NM for Sale
$1,390,000 USD
Hospitality - FOR SALE
1/36
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1610 Cedar St
Raton, NM 87740


HIGHLIGHTS

  • Offered at $28,958 per key
  • Significant value-add opportunity for owner-operator
  • Raton is a key stopover for cross-state traffic and a major draft for outdoor recreation
  • The owner has made over $130k in improvements to the property

OVERVIEW

Built-in 1983, this three-story, 48-room Super 8 by Wyndham features an interior corridor layout with a welcoming lobby and dedicated breakfast area. The property operates under a 20-year franchise agreement with Super 8, which began in December 2015. There is notable PIP work to be completed and once complete the new owner will greatly benefit from the investment. Positioned just off Interstate 25, the hotel benefits from consistent traffic along this major north-south travel corridor. Nearby amenities include a variety of local restaurants and national chains. There is a dog park adjacent to the property which is a major draw for hotel guests. Reviews for the property leave room for improvement, which is something a hands-on owner-operator can address right away. Raton, New Mexico is strategically located on I-25 near a crucial mountain pass and is the gateway to Colorado. From Tucson to New Orleans, from Albuquerque to Dallas, if you’re on the road to Denver, Raton is a key point on the journey. This is great for ensuring steady demand, but it’s not the only driver this market has to offer. Raton is renowned for its expansive natural beauty. The area draws travelers both globally and regionally for near year-round outdoor recreation opportunities. Additionally, Raton sees an influx of demand from elk hunters in the fall. Energy, mining, and construction activities provide demand for long-term lodging. Raton is a diverse market that is well-positioned to continue benefiting from stable demand for the foreseeable future.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$83 USD /SF

# OF ROOMS

48

PRICE/ROOM

$28,958 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Raton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-3

APN/PARCEL ID

11896

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.