1765 S Main St - Hospitality FOR SALE


Las Cruces, NM 88005
$6,250,000 USD
805-557-8857
1765 S Main St, Las Cruces, NM for Sale
$6,250,000 USD
Hospitality - FOR SALE
1/93
null | Request Cap Rate

1765 S Main St
Las Cruces, NM 88005


HIGHLIGHTS

  • 68 units, two-story
  • $650,000+ NOI in 2024 | 10.4% cap rate | 2024 revenue: $1,655,776
  • Approved for auto transfer | Medallia scores of 917/1000
  • Population of 115,000 | Accessible from both I-10 and I-25
  • 3-bedroom manager apartment
  • Additional revenue source available with restaurant and bar space that can be leased out

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Best Western Mission Inn in Las Cruces, New Mexico. The Best Western is accessible from Interstate 10 and Interstate 25 and has very strong cash flow, positioning the asset for favorable financing terms. With 68 rooms and a sizeable manager apartment, this is a great opportunity for an owner operator looking for a moderate climate. Buyers will benefit from a well maintained asset approved for auto transfer of the existing membership with Best Western.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$130 USD /SF

# OF ROOMS

68

PRICE/ROOM

$91,912 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Mission Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1945

PARKING SPACES

76

LAND DETAILS

LAND ACRES

3.61 AC

LAND SF

157,252 SF

ZONING

C2

APN/PARCEL ID

02-07378

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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Andrew PostNewGen AdvisoryMore Info
805-557-8857

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